The document discusses current issues and trends in the training and development workforce. It notes that by 2020, 50% of the workforce will be millennials who seek more than just financial rewards. They tend not to stay in jobs for more than 3 years, costing companies $15,000-$25,000 to replace each one. Companies face challenges retaining and engaging different generations with different learning styles. There is a need to digitize and personalize training to provide flexibility through mobile and microlearning. This can help improve employee loyalty, productivity and the ROI of learning and development programs.
The document discusses current issues and trends in the training and development workforce. It notes that by 2020, 50% of the workforce will be millennials who seek more than just financial rewards. They tend not to stay in jobs for more than 3 years, costing companies $15,000-$25,000 to replace each one. Companies face challenges retaining and engaging different generations with different learning styles. There is a need to digitize and personalize training to provide flexibility through mobile and microlearning. This can help improve employee loyalty, productivity and the ROI of learning and development programs.
The document discusses current issues and trends in the training and development workforce. It notes that by 2020, 50% of the workforce will be millennials who seek more than just financial rewards. They tend not to stay in jobs for more than 3 years, costing companies $15,000-$25,000 to replace each one. Companies face challenges retaining and engaging different generations with different learning styles. There is a need to digitize and personalize training to provide flexibility through mobile and microlearning. This can help improve employee loyalty, productivity and the ROI of learning and development programs.
• Seeking more than Financial Rewards • 91% of millennials tend not to stay in a job for more than 3 years. • Entry level replacement cost tends to be from $15,000 to $25,000. • Instant access to information Workforce Overview • Constant feedback • Fast progression • A modern corporate management style that integrates technology into daily work life. • A strong set of competence and transferable skills • What are the challenges for the Companies Challenges for T AND D Organization CHallenges • Attracting and retaining • Different learning habits
employees • Hectic employee schedules
• Managing and bringing • Lack of engagement
different generations • Training that isn’t relevant together • Costs, costs, and costs • Employee loyalty • A dispersed workforce Digitalizing training • The 21st-century employees are digital natives – mobiles, laptops, and social media have always been an important part of their lives. • 78% of millennials think that being able to access their own devices help them work more efficiently. • 50% of millennials think they don’t need to be in a classroom to learn. • Only 40% of companies are ‘ready’ to transform their corporate training Digitizing training • 6% find themselves excellent at providing mobile learning • 5% find themselves excellent in utilizing rich media like videos and audio • Invest in learning and development • Upgrade digital skills in the HR department. • Utilize digital learning platforms to standardize training Making learning flexible • Information on fingertips -87% of millennials tend to keep their smartphones on their side day and night. • A way of teaching and delivering content by breaking it into short, bite-sized pieces that are easy for learners to complete and remember. • Mobile learning also makes it possible to continue training offline. • Develop mobile learning programs and apply micro learning to provide flexibility in training and easy- to-digest learning materials. Personalizing training content • Targeted Contents • 55% of millennials would like access to personalized services and experiences • 90% of companies agree that personalized learning supports their employees’ needs in continuous development. • Personalized learning also saves employees’ time • Tying learning directly to business strategies. • Invest in hiring new roles like Chief Learning Officer Financial Benefits
• ROI in learning and development.
• More focus on productivity
• Innovative Learning Augmented and Virtual Reality Virtual Realty
Simulated Environment, Virtual Environment
Augmented Reality
Mixture of Virtual Environment and actual world
People Skills • Soft Skills a. Emotional Intelligence b. Collaboration c. Negotiation d. Interpersonal Skills Agile is the Standard • ADDIE- Analysis, Design, Development, Implementation, and Evaluation • Agile(Align, Get Set, Iterate and Implement, Leverage, Evaluate) is Important • Agile design allows high-performing more timely training • ADDIE is too time consuming and expensive • Learning solution design looks more like agile software development More Trends • Social learning • Real-time feedback • Mentoring and Coaching • Focus on solving business problems, not on creating a course • Training and Competitive Advantage • Solve Business Problems at the affordable cost • The effectiveness of e-learning versus instructor-led training • Automation and AI