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Importance of Learning and Development

Business Trends
SAVIC
Posted on October 01, 2021   Less than a 35 seconds read

IMPORTANCE OF LEARNING DEVELOPMENT


Overview

Generally, learning and development can be considered an element of HRM.A key goal of learning and development is to align employee goals and performance with those of the organization. A learning and development manager must identify skill gaps among employees and teams within an organization in order to develop and deliver training that addresses those gaps. Learning & development managers help ensure employees are well equipped to deal with the challenges of their jobs and aligned with business goals.

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87% of millennials say the learning and development process at work is important, and 59% of millennials say that opportunities to learn and grow are very important when deciding what job to apply for. Empowering every employee to handle customer conversations effectively, has a remarkable impact on customer satisfaction. There is an 16% increase in customer satisfaction for companies who use learning technologies. In this article, we will discuss how important learning and development is for any business.


  • You should be clear on the why.What are these programs for? What makes them so appropriate at this time? Organizations shouldn't invest in learning just because they can. Organizations shouldn't invest in learning just because they can. Instead, they should invest because they should . For a results-based process to work effectively, the first step is to be clear about the opportunities that exist for the organization, as well as the ways in which the organization is performing that need to be improved in order to capture those opportunities.
  • You should be clear on the how.How will you design, develop, and implement a program? How will you measure its success? Knowing how helps explain what you intend to do, and how you did it afterward. The learning professional must be the architect and designer who ensures learning solutions meet organizational needs.
  • You should be clear on the what.What results should come from the learning experience? What results did come from the learning experience? Despite the fact that we live in an age of "always on" learning, results and the use of those results are the ultimate goal. Learning and development are not about learning-they are about business.
  • Using SAP SuccessFactors Succession & Development.HR can identify and develop the talent needed to improve the organization's strength, meet today's goals, and plan for tomorrow.

Features

  • Department, team, and region specific succession charts
  • Capable of identifying skills using powerful talent search algorithms
  • An array of 9-box grids calibrates, identifies, and accelerates readiness
  • Assess, monitor, and manage employee retention and development
  • Assessing employee suitability and comparison effectively
  • Career development plans
  • Successor nominations and talent pools
  • Part of Human Experience Management (HXM) suite

Benefits

  • Analytics provide deep insight into succession planning
  • Assess the impact of the talent gap and create a plan to mitigate it
  • Reduce business risk by building bench strength
  • Ensures effective succession in critical roles
  • Ensure employee development to improve business performance
  • the efficiency of hiring and promoting internal talent
  • Reduce the risk of talent leaving the organization
  • Promote employee empowerment in succession planning


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