Why Invest in Ongoing Employee Development?

Setting up an L&D department, shopping for a learning platform (LXP) and purchasing content are big upfront investments for a company. But, with the right learning strategy, these investments will not just deliver outsize returns but perhaps even save a company from obsolescence.

Here are the top four benefits of L&D investments:

Keep Up with Change

Two WEF surveys show that one-fourth of employees in the OECD feel they don’t have the skills needed to perform their current job duties effectively. As technology and work processes change, skills mismatches will only increase. Organizations can’t take advantage of new technology if their workforce is unable to use it.

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Optimize Workforce Potential

Talent shortages are a main impediment for companies to reach their goals. It is crucial for companies to make the most of the talent they have. Besides, internal reskilling and hiring is more efficient and cost-effective than dealing with frequent onboarding and employee turnover. Companies benefit from an experienced, adaptable workforce.

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Flat, Fluid, and Fast

Your best workers are on the move. Don’t be left behind.

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The Enterprise Guide to Closing the Skills Gap

Maintaining a skilled workforce takes more than traditional hiring and training.

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The Inside Gig

Understand and leverage the talent you already have within your company.

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2019 Workplace Learning Report

In 2019, talent developers are enjoying unprecedented levels of support – and taking on more strategic roles in their organizations.

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Upskilling

Upskilling comes in all shapes and forms.

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Keep and Attract Talent

Lack of career progression is one of the most frequently cited reasons for employees to leave a job. High-performing employees seek out employers who empower them to stretch their limits. Offering on-the-job learning opportunities is a great way for companies to keep the talent they have.

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Investing in People vs. Managing Human Capital

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The Playbook for Putting People First

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Build It

Three of four workers don’t like their jobs. This leads to disengagement and poor productivity.

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Help Them Grow or Watch Them Go

If your employees can’t learn and grow, they’ll leave.

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Disrupt and Innovate

On-the-job learning initiatives expose employees to new ideas, foster cross-team collaboration and boost a growth mind-set. Creating a lifelong learning culture is the best way for organizations to promote innovation and cultivate an agile workforce – prerequisites for staying in business long-term.

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The Curious Advantage

An actionable guide to building an organizational culture of curiosity and learning.

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Learn more about today’s top L&D challenges by downloading getAbstract’s latest white paper and register for our Global L&D Knowledge Forum: