A New Role For Corporate Learning? Yes: Growth In The Flow Of Work
Aug 10, 2022
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This podcast dives into groundbreaking research on corporate training, emphasizing the urgent need for growth within the flow of work. It highlights how only 11% of companies currently focus on vital areas like career mobility and skills adjacency. The discussion also stresses the evolving role of leadership development and coaching to enhance employee engagement and adaptability. With high quit rates, it champions a shift toward agile career pathways that align with business transformation, making corporate learning more critical than ever.
Corporate training must evolve to prioritize growth in career mobility, skills adjacency, and leadership development to align with business objectives.
Organizations that foster internal mobility and adaptable career pathways significantly enhance employee engagement, retention, and overall organizational adaptability.
Deep dives
The Evolution of Corporate Training
Corporate training has evolved significantly from a focus on e-learning and digital infrastructures to a need for comprehensive skills development that aligns with broader business goals. Over the past two decades, training managers prioritized systems like learning and content management systems to ensure employees had access to necessary education. However, this approach has become commoditized and insufficient in the face of rapidly changing industries and workforce needs. Companies are increasingly required to adapt their training to not only include technical skills but also to prepare employees for adjacent domains, reflecting the need for continuous growth and innovation.
The Importance of Career Pathways
Career pathways are emerging as a crucial component of modern corporate training, allowing employees to transition across various roles more fluidly than the traditional linear progression. Research highlights that organizations fostering such pathways see improved employee retention and satisfaction, as individuals are encouraged to explore diverse experiences within the company. With the current workforce exhibiting an unprecedented quit rate, particularly among those seeking more fulfilling roles, companies must provide opportunities for development that are aligned with individual ambitions. This approach not only benefits employees seeking growth but also strengthens the organization’s adaptability and competitive edge.
Facilitated Growth as a Strategic Imperative
Facilitated growth encompasses a strategic approach where companies focus on developing their workforce through internal mobility and adaptability, rather than solely hiring externally. Organizations that cultivate a culture of growth see higher employee engagement and retention by designing career paths that respond to both business needs and employee aspirations. Sustainable talent management relies on acknowledging the complexities of skills application and the dynamic nature of modern job markets, which necessitates continuous learning and support. This model transforms the learning and development function into a pivotal force for organizational health, highlighting the critical role of L&D as a driver for cultural change and innovation.
In this podcast, I discuss our groundbreaking new research on corporate training, Growth in the Flow of Work.
After almost a year of research and study of 1000+ companies, we evaluated more than 90 business practices that drive business impact. After a detailed analysis of the findings, the results are clear: it's time for corporate L&D to focus on growth: career mobility, skills adjacency, coaching, leadership development, and organizational growth.
This is a significant new role for corporate training managers. Most companies know they need to focus here, but only 11% of companies are focused here today. This podcast describes the findings.
Additional ResourcesNew Definitive Guide: Growth In The Flow Of WorkLearning In The Flow Of Work: A New ParadigmThe Academy at Bank of AmericaThe Creator Economy In Corporate Learning
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