Eye of the Tiger
What are the biggest challenges facing learning & development right now? We know that continuous learning is crucial within organizations, especially to stay ahead of the curve and retain employees, but leaders want to see results, namely ROI and measurable business results. However, less than 10 percent actually see either one, which means L&D often has difficulty getting funding. In addition to a lack of budget and demonstrating ROI, according to LinkedIn Learning’s recent Workplace Learning report, L&D leaders also struggle with small L&D teams and their employees lacking time to actually take advantage of L&D programs. So what can L&D leaders do? The Workplace Learning report indicates that it comes down to measuring performance, namely the following: 1) Retention or promotion of people who use voluntary learning programs, 2) Managerial effectiveness, and 3) The amount of outside consultants needed. The report highlights these metrics and others that L&D leaders can use to show CEOs the business impact of their programs.