Business sustainability has become a crucial component of long-term business goals. For many, it is to factor in future capability needs and, for others, it involves figuring out newer ways to remain productive in a fast-changing landscape. But, as both technological change and employee preferences evolve, keeping up to date with the required skills and more holistic ways of addressing such change becomes an important means to ensure businesses remain sustainable. At the core of addressing such business needs today is a robust learning culture.
The need for a high impact learning culture is reflected both in the rising size of the learning tech market and its demands within the business who see it as an important part of their company’s future goals. L&D departments across companies have become vital in enabling their workforce to deal with market uncertainty and ensure businesses can innovate. Although corporate learning programs have always played a vital role in helping business fine-tune its employees capabilities, the last decade has witnessed rapid changes that have created shifts across the entire global workforce. Persistent market uncertainty and technological developments have made once strongly held skills obsolete and reduced the shelf life of many tech facing skills. This has made up-skilling and re-skilling initiatives within companies necessary. A strong learning mechanism which can impart skills in a timely and effective manner to mitigate is also required to mitigate and minimize the impact of the threat of job loss. As employee roles are expected to continue evolving, and a large number of people will need to learn new skills to remain employable. All these factors play a vital role in how companies manage to perform better than their competitors.
The strategic role of L&D teams
Digital technologies have significantly changed how companies operate and interact with their stakeholders. It’s only logical, therefore, that they have the largest role in redefining how organizational capabilities are built and knowledge gaps bridged.
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