Learning & Development strategy is an integral part in the growth of any business firm. Proper creation of articles and strategies might work wonders while not working on the same might prove to be detrimental. Learning is no doubt the road to success.
A survey of the Association for Talent Development, centred at the United States, says that, “organizations are more agile and engaged where knowledge is constantly and freely shared.” After surveying around 830 companies in the year of 2015, ATD has concluded that the business firms with an ambience of continuous learning programmers have been observed to record the highest performance in comparison to those who do not allow the same. This has also proved to provide with a higher level of customer satisfaction, which is another major field in business.
Another research that had been carried out through LinkedIn also reached similar conclusions. The firms providing continuous opportunities of learning to their employees have recorded to score higher in terms of achieving their goals.
Need for learning and development strategy
- In today’s world where there is a tough competition of business firms not only within a state or a country but in the entire world, knowledge holds a higher value. The science of technology is increasing day by day. Employees need to be aware of that to make the fullest use of it in empowering their business strategies.
- Secondly, planned work is always better than an unplanned one. Planning a strategy requires a lot of reading and learning, while executing the same requires hard work, effort and determination. Educating employees on fields of strategy plans help them think of better ideas that can be beneficial for the organization.
- Development of skills is another important factor. The more you read, the more your mind sharpens and the more it enhances your skills. This is not only a theoretical statement offered by successful people but this is a practically proven one. It is always necessary to read a lot and gain a lot of knowledge before stepping into a world of jobs. Likewise, in order to make the Company you are working for flourish, an even better learning course is necessary. These courses need to be provided and framed by the firm itself.
Exploration of new technologies
Exploration of new technologies has been rated as one of the best ways of implementing learning and development strategy, as found by a study executed by the Hall Group.
Using eLearning and online learning initiatives has enabled self-paced learning. People are no more required to take time off and sit through day long training sessions. One can access learning modules on the Learning Management System anytime and anywhere. This makes learning initiatives not only easy to administer but also engaging.
Leveraging technology to deliver learning is the way to go in the future.