New Research from HCI Reveals How to Create an Agile Employee Development Strategy
Organization Shares Best Practices for Fostering a Culture of Learning and Aligning Development with Business Priorities
NEW YORK (August 4, 2015) – The Human Capital Institute (HCI), the global institution for strategic talent management, today announced the release of its latest Talent Pulse, a quarterly research eBook addressing the biggest trends and challenges of talent management. The third-quarter edition, “Learning Unbound: Agile Employee Development,” explores the current state of learning and development (L&D) and offers proven strategies for today’s companies to create a pervasive culture of learning across all levels.
Though learning and development have long been reserved for leaders and high potential employees, the tide is changing. Today, most companies recognize the value of providing such opportunities for all, whether in the form of formal mentoring, the use of a learning management system (LMS), knowledge sharing platforms or on-the-job learning. Organizations that make learning a strong part of their culture, viewing it as a process rather than a singular event, are more likely to have a strong leadership pipeline and be confident in their high potentials. Still, many companies remain challenged to instill a culture of learning throughout their organizations.
HCI’s latest Talent Pulse research sought to uncover how companies today are implementing learning and development strategies to elevate the skills and expertise of their teams, while ensuring this development is in accordance with larger company initiatives. The findings are based on the survey responses of more than 300 HR, L&D, and executive management leaders to see how their organizations are adopting the tools and technologies to deliver appropriate learning programs to their teams.
Highlights of the research include:
- Employee-wide learning programs: Companies expect to invest more in learning technologies for all employees. E-learning remains the most popular learning practice, with 81 percent of respondents utilizing this method, followed closely by formal classroom learning (74 percent) and workshops or seminars (74 percent).
- Learning from others: Opportunities to learn from experienced peers are also gaining in popularity, and not just for high potentials; formal mentoring programs for all employees are expected to grow by 131 percent over the next two years. Other programs, such as access to a professional coach and job rotations, will likely see further growth as well.
- Room for improvement: Despite the great strides made in the learning function, there is still room for additional improvement. Only 11 percent of responding organizations were shown to fully embody a strong learning culture, in terms of encouraging a growth mindset, viewing learning as a process, supporting risk-taking and learning from mistakes.
- Measuring success: The measuring of learning and development programs is typically done through tactical, present-focused metrics rather than being anticipatory of future needs or evaluating impact. Most organizations are auditing their L&D offerings on a yearly basis. With the lack of measurement and infrequent strategy discussions, L&D functions can miss the opportunity to add value to the business and its employees.
“An effective learning and development program can no longer just support those top performers; organizations have much to gain by providing such opportunities to employees across the board,” said Carl Rhodes, HCI’s chief executive officer. “With a robust culture of learning, from understanding the learning methods most effective for today’s employees to continually measuring the impact of these efforts, companies can help each team member reach their full potential. Our latest Talent Pulse research brings this issue front and center, offering useful advice on how companies can create an agile learning strategy.”
HCI has made “Learning Unbound: Agile Employee Development” available for download at: http://www.hci.org/hr-research/2015-talent-pulse-learning-unbound-agile-employee-development
About Human Capital Institute (HCI)
HCI is the global association for strategic talent management and new economy leadership, and a clearinghouse for best practices and new ideas. Our network of expert practitioners, Fortune 1000 and Global 2000 corporations, government agencies, global consultants and business schools contribute a stream of constantly evolving information, the best of which is organized, analyzed and shared with members through HCI communities, research, education and events. For more information, please visit www.hci.org.