The years when employees could simply graduate and stop learning for good are long gone. Today, only a proactive and diligent worker can maintain the highest level of productivity in the long run. This is exactly where a corporate learning program steps in to help companies to keep their team members skilled and knowledgeable.
The strategy is not only a basic precondition of success in business but also one of the rare surefire ways to retain reliable workers. According to the report, 70% of employees say that job-related training and development directly influence the employee’s decision to stay with a company or not.
We guess that you already have a corporate learning strategy in place, but do you ever take time to analyze it? We noticed that lots of companies had the official document, but didn’t really bother with the performance analysis. This is why we decided to discuss seven warning signs it is time to change your corporate learning strategy. Let’s take a look!
When Is the Right Time to Upgrade a Corporate Learning Strategy?
Every business or organization needs a solid corporate learning strategy. By definition, it’s the official plan on how to provide learners, internal and external to your organization, with the skills and knowledge they need to be successful.
Jake Gardner, a human resource manager at Assignment Helper, explains the benefits of creating and implementing a good training strategy: “If executed properly, employee training guarantees a higher level of productivity, reduces turnover, and increases job satisfaction. The process does miracles for both the company and its workers, but it requires constant monitoring.”
Speaking of monitoring, here are seven things you must keep an eye on when analyzing the corporate learning strategy:
- The strategy lacks clear objectives
A corporate learning strategy cannot function if it doesn’t target highly specific objectives. Of course, the goal is always to improve the skills of your employees, but what do you expect to see as the direct consequence of this process? Is it to boost sales results or to improve customer retention?
You need to answer this question precisely if you want the strategy to make results. For instance, a content creation agency such as Dissertation UK wants to become the best essay writing service and the only way to do it is by maximizing the quality of dissertation writing. Try to follow the same pattern and set a concrete objective for your strategy.
- Negative business results
The second reason to strengthen the strategy is obvious – your company is not delivering the targeted business results. A study reveals that only 13% of workers actually apply newfound knowledge. If the same mistakes keep repeating all over again, you just have to react.
It’s a clear signal that there is something wrong with your team, which means that there is something wrong with your corporate learning plan, too. Most of the time there is only one department that fails to reach the goal, so you can focus on elements of the training designed for this unit in particular. This can be your sales department, marketing, customer service, etc.
- Low employee retention
We already mentioned that the vast majority of employees were eager to learn more at work and consider it to be the main reason to stay longer with the current employer. In other words, companies with underperforming corporate learning strategies could be facing low employee retention rates. Given the fact that the average employee exit costs 33% of their annual salary, not improving the training plan could turn out to be very costly for your organization.
- Poor onboarding experiences
Employee onboarding is a process that allows a new worker to familiarize with the system and learn how it functions with all of its procedures, demands, and activities. It’s an extremely important element of the corporate learning strategy because high-quality employee onboarding programs can improve retention by as much as 82%.
However, poor onboarding experiences often chase talents away and make a negative impact on businesses in the long run. If you notice that the new members of your team need months to become fully productive, then you should double-check the corporate learning strategy and improve onboarding.
- Lack of leadership
Business leaders are not born but rather developed through carefully planned corporate training sessions. According to Gallup, a staggering 82% of managers aren’t very good at leading people, which basically means that 4 out of 5 companies are struggling to develop good leaders. In case you cannot identify a reliable person who is capable of running a specific segment of your company, then you should rearrange the learning plan so as to focus on leadership development and management.
- New technologies
We live in the digital era and it’s completely natural to change apps, tools, and programs every once in a while. After all, new technologies keep emerging year after year and they can significantly improve your business results.
On the other hand, it can be challenging for employees because they have to keep learning how to use new software or business tools. Your job is to keep the learning strategy up to date and give workers the opportunity to get acquainted with novelties. This is the only way to keep pace with competitors and maintain the highest level of productivity long-term.
- Not using mLearning
Mobile-powered learning is the latest trend in corporate training because it allows professionals to study anytime and anywhere they want. For example, EssayChief Reviews and College-Paper.org Reviews added mobile learning to their strategies a long time ago, which allowed them to boost productivity and turn into genuine leaders in the content creation niche. But if you are not using this learning model, you could be losing precious time and lag behind the biggest industry rivals.
A corporate learning strategy is one of the core documents of every business, but it gets neglected way too often. You should not see it as a one-time project, but rather a flexible concept that requires continuous analysis and upgrades.
In this article, we showed you seven warning signs that it is time to change your corporate learning strategy. Keep our tips in mind and don’t hesitate to use them – they could strongly impact the overall performance of your company.
Scott Mathews is a human resource manager from London who works at EduBirdie UK and Academized.com reviews. Scott is also a part-time contributor at the global assignment help service who helps clients write a professional lab report. As a versatile professional, he can cover all topics from HR to psychology. Scott is a father of two lovely toddlers and an amateur long-distance runner.