Employees and the C-suite agree. In the modern world of work, where many companies are still experiencing a massive talent shortage (despite a trend of mass layoffs in the tech sector), talent development continues to be a top priority.
A recent study highlighted by WhartonOnline found, for example, that:
· 92% of employees think having access to professional development is very important or important.
· Employees with professional development opportunities have 34% higher retention.
· Employees with professional development opportunities are 15% more engaged at work.
While employees see development as their ticket to professional and personal growth, many leaders see their ability to upskill their talent as being a critical means of competing now and in the future.
According to a 2021 DDI survey, more than 55% of CEOs believe that developing the next generation of leaders is their #1 challenge.
We recently had a great conversation with AmyGraft of Siemens and Lauren Kramer from JetBlue on this topic and how L&D leaders can give their teams the type of development opportunities that drive retention, engagement and improved performance.
Not only is it important to employees and CEOs- for some L&D execs, it’s be the most rewarding part of the job.
Check out Lesson 4 from our Learning Leaders Series in the video below on how companies like Siemens and JetBlue use data-driven learning to help them more effectively “reskill, upskill, and future fit their teams.”
To watch all 5 videos from the Learning Leaders series, click here.