Summary
This article discusses the key trends in corporate learning and development that are changing the way companies are training the workforce.
Learning and development have always been an integral part of the corporate culture. Organizations constantly and consistently aim to provide their employees with opportunities that help them grow and perform better.
Over the years, though, the methods of delivering this corporate learning and development have changed quite a bit. Technology has a major role to play in this, but there are other factors as well that are shaping interesting trends in the corporate learning and development industry.
For example, leveraging digital platforms to seek training of choice has become more popular instead of forcing irrelevant training onto employees.
Let’s understand other key trends in training programs and career development.
Table of Contents:
5 Trends Worth Considering in Modern Corporate L&D
Keeping in mind the rapidly changing dynamics of the business world, it is essential to empower employees with the necessary tools and skills that enable them to survive and thrive. This is where workplace training makes its importance known.
For corporate education to be effective in helping employees achieve their goals, it is important to understand corporate learning and development trends and implement them in the organization.
Five key trends are truly transforming the way companies are training the workforce:
1. Reskilling and Upskilling
The rise of technology has also caused a rapid change in the business world across all aspects, and as a result, the skill gaps are widening.
Keeping that in mind, the L&D trends today focus more on helping employees gain peripheral skills associated with the ones they already have and upskilling to help them learn new skills.
This not only helps the employees to stay relevant in their line of work but also seek out new and better opportunities to flourish with time, even if the situations are adverse.
Reskilling and upskilling also help employees with internal hiring for different roles.
2. Data-Driven L&D
With the emergence of artificial intelligence and machine learning, the corporate learning and development industry has quickly adopted a more data-driven approach.
AI has the power to provide in-depth analyses to the learners and trainers, helping them visualize their progress in a better manner and plan further steps.
Machine learning is augmenting the AI-based L&D modules with detailed insight into historical performance, areas for improvement, and possible recommendations for better outcomes from skill applications.
AI and ML are now providing corporate learners with tailored career development paths that are customizable and more meaningful than what traditional methods could ever make possible.
Also Read: Top 5 Trends in Workforce Learning and Development
3. Immersive Training
Augmented reality and virtual reality are now paving the way forward for workforce training. Especially where soft skills are concerned, organizations are leveraging virtual learning modules where their employees are presented with scenario-based training.
This is especially being applied to the customer service industry, where soft skills and patience are extremely important. For example, virtual reality-based training sessions generate a hypothetical scenario where the trainee is supposed to navigate with their existing skill set.
The assessment and feedback then provide a detailed breakdown of their performance, also providing where and how the candidate can improve to turn the situation into a favorable one.
4. Talent Marketplaces
One of the leading trends in training programs is the talent marketplace. This is similar in concept to eCommerce platforms.
The difference is that a talent marketplace connects employees to relevant resources, knowledge, training, and opportunities that help them improve their mobility.
These marketplaces encourage a fluid working environment and foster an agile, resilient company culture. The training available on talent marketplaces is completely voluntary. Employees can align their choices with their chosen career paths and grow within their organization.
Talent marketplaces are especially helpful for that section of the workforce that seeks internal mobility without having to wait for opportunities – they can just create their own.
5. LXPs – Learning Experience Platforms
Whether or not a workplace learning initiative was successful ultimately hinges on how effectively an employee was able to apply the learnings to their work.
Trends today, therefore, focus more on delivering impactful learning experiences for the employees rather than focusing completely on the subject matter and its exhaustiveness.
Personalization of learning and customizing lesson delivery have become pivotal today in giving power to employees.
They can now access corporate learning and development programs according to their terms, enhancing the overall experience, improving engagement, and helping them retain more from a course than traditional methods.
Organizations are attempting to make the entire training lifecycle – right from onboarding to final steps – completely employee-centric.
A Few Aspects to Consider
Modern L&D is not devoid of any challenges, though. Technology, its implementation, and its upkeep could get expensive if not planned for beforehand.
Leveraging modern training methods also means working with technology, which puts strain on the budget and the percentage improvement in the consequent value. A recent report highlighted that budget allocation, stakeholder value, and skill support and delivery are emerging challenges with modern corporate learning and development initiatives.
In addition, organizations are concerned about generating acceptance and engagement from employees with the new training methodologies and opportunities – this entails providing a readiness cushion before any initiatives can be rolled out for impact.
Also Read: What is Workforce Development: 10 Workforce Trends you need to Know About.
Wrapping Up
Learning and development are very important today, especially for ambitious employees. Regardless of the challenges, organizations are still pushing forward with modern training methods by taking help from digital service providers like Hurix Digital.
Hurix Digital assists organizations by providing advanced L&D solutions for corporates. Their digital infrastructure is customized based on the needs of your organization, ensuring smooth functioning from end to end.
To understand how Hurix Digital can help you, visit the website.
