Manage HR Magazine | Monday, November 25, 2019
Employees are increasingly looking for new jobs due to a lack of learning and growth opportunities within their organization. Therefore, the learning opportunities presented by an organization have become an essential component of the employee value proposition at present and are used to attract and retain quality talent.
FREMONT, CA: About 86 percent of the respondents of a trends report say that the need to enhance Learning and Development (L&D) is essential. It is widely accepted that learning agility in the academic and business world is required to thrive in the future–which includes the aptitude to learn new skills and update the knowledge continually.
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Strategic Roles of L&D
To design effective L&D programs and intervention, HR leaders and professionals ought to attempt to understand the decisive vital roles of L&D in today’s business paradigm. Below are five essential objectives of the L&D function:
• Attract and Retain Talent:
Employees are increasingly looking for new jobs due to a lack of learning and growth opportunities within their organization. Therefore, the learning opportunities presented by an organization have become an essential component of the employee value proposition at present and are used to attract and retain quality talent.
• Develop Present and Future Capabilities:
Continued investment in updating the knowledge and skills in the next generation workforce and leaders is critical to achieving success and sustainability. Studies propose that organizations focusing on leadership and skill development outperform their competitors and are more likely to achieve their targets.
• Create a Values-Based Culture:
L&D programs can promote a shared values-based culture and instill a sense of community by reiterating the vision and values of the organization.
• Build an Employer Brand:
L&D programs can boost the business’s reputation by displaying the commitment exhibited toward the staff. Many industry experts have well-recognized and put innovative L&D strategies in place that can help them enhance their employer brand.
• Employee Engagement and Motivation:
Learning is a vital contributor to employee happiness, encouragement, and motivation. L&D can also be used to challenge the workforce and nudge them to build up their career paths by exploring new opportunities within the firm that are better matched for their skills.
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