Making the right investments in learning and development programs
has never been more important – or more of a challenge – for business leaders.
Unfortunately, despite spending approximately $164.2
billion dollars on learning and development programs, many executives
still grapple with how to improve and enhance their effectiveness.
As research shows, the need to revamp and improve learning programs
is an important concern among HR executives.
To better understand this problem, my consulting firm did a
thorough review of recent research into learning and development programs,
followed by a structured survey with top training executives at 16 major corporations
in a diverse set of industries, ranging in size from $1 billion to $55 billion
in annual revenues. To understand how providers of training and development
view these challenges, we also interviewed leaders of executive education
programs at several leading universities.
From this research, we’ve observed seven challenges companies
must meet to create development programs that really work:
1. Ignite managers’ passion to coach their employees. Historically,
managers passed on knowledge, skills, and insights through coaching and
mentoring. But in our more global, complex, and competitive world, the role of
the manager has eroded. Managers are now overburdened with responsibilities.
They can barely handle what they’re directly measured on, let alone offer
coaching and mentoring. Organizations need to support and incentivize managers
to perform this work.
2. Deal with the short-shelf life of learning and
development needs. It used to be that what you learned was
valuable for years, but now, knowledge and skills can become obsolete within
months. This makes the need to learn rapidly and regularly more important than
ever. This requires organizations to rethink how learning and development
happens from a once-in-a-while activity, to a more continuous, ongoing
campaign. As Annette Thompson, Senior Vice President & Chief Learning
Officer at Farmers Insurance pointed out in an interview, avoiding information
overload is vital, so organizations must strike a balance between giving the
right information versus giving too much.
3. Teach employees to own their career development. Highly-structured,
one-size-fits-all learning programs don’t work anymore. Individuals must own,
self-direct, and control their learning futures. Yet they can’t do it alone,
nor do you want them to. The development and growth of your talent is vital to
your ongoing success, ability to innovate, and overall productivity. It’s a
delicate balance, one Don Jones, former Vice President, Learning at
Natixis Global Asset Management summarized like this: “We need to have
‘customized’ solutions for individuals, while simultaneously providing scale
and cost efficiencies across the organization,” he said.
4. Provide flexible learning options. Telling
employees they need to engage in more learning and development activities with
their already heavy workload often leaves them feeling overwhelmed and consumed
by the question, “When and how will I find the time?” Companies must respond by
adopting on-demand and mobile solutions that make learning opportunities more
readily accessible for your people.
5. Serve the learning needs of more virtual teams. While
most organizations have more people working remotely and virtually, it does
require more thought and creativity in how to train this segment of your workforce.
This includes formal types of learning through courses, but also the informal
mentoring and coaching channels. Just because employees are out of sight
doesn’t mean they get to be out-of-mind when it comes to learning and
development.
6. Build trust in organizational leadership. People
crave transparency, openness, and honesty from their leaders. Unfortunately,
business leaders continue to face issues of trust. According to a survey
by the American Psychological Association, one in four workers say they don’t
trust their employer, and only about half believe their employer is open and
upfront with them. If leaders disengage or refuse to share their own ongoing
learning journeys, how can they expect their people to enthusiastically pursue
theirs? It’s the old adage of “lead by example.” If managers want employees to
engage in learning and development, then they need to show that they are
actively pursuing their own personal learning journeys as well.
7. Match different learning options to different learning
styles. With five generations actively in the workforce, organizations
must restructure the way employees learn and the tools and activities they use
to correctly match the different styles, preferences, and expectations of
employees. For example, Millennials came of age using cell phones, computers,
and video game consoles, so they expect to use these technologies to support
their learning activities.
As leaders, we know the value our learning and development
programs bring to our organizations. But we also want to ensure we’re receiving
a high return on investment. By clearly understanding the trends emerging in
our learning and development programs, we’ll better position our companies to
select the right targeted solutions to drive results, increase employee
engagement, and increase innovation and productivity.
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