Adding to yesterday’s post, here are some additional items you’ll want to include on your 2019 L&D budget.
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Soft Skills and Emotional Intelligence Development
Moving into 2019, we’ll see even more companies invest in developing their employees with communication skills, emotional intelligence skills, and leadership skills. In fact, according to one CareerBuilder® survey, 71% of employers said that they valued a candidate’s emotional intelligence (EI) skills over his or her IQ. And moving forward, employers are much more likely to hire and promote individuals with developed EI skills.
Upskilling Current Employees
According to research conducted by Deloitte, the average half-life of a skill in our new digital age is only around 5 years. It’s now becoming even more important to continually upskill your existing employees so that you don’t waste a lot of money hiring and terminating employees who don’t have the appropriate skill sets.
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Are you thinking about budgeting your L&D Program for 2019? Are you looking for new ideas? Do you need to justify your training spend? Do you need help stretching your budget? Attend the FREE webinar: Plan and Gain Value from your 2019 L&D Budget Using Curriculum Roadmaps, |
Instead, invest in your employees’ skills, learning, and development, and make sure they always have the latest and most relevant skills across your industry.
Mobile Learning Platforms
According to research gathered by Ambient Insight, the U.S. mobile learning market will reach $2.1 billion next year, and global mobile learning revenues will reach $14.5 billion. And as organizations adopt BYOD (Bring Your Own Device) policies, flexible work options, and further engage in the gig economy, the need for reliable mobile learning infrastructures for competitive organizations will skyrocket.
Make sure to invest in mobile learning platforms in 2109. Read How to Implement Mobile Learning Across Your Organization for more information.
Blended Learning Opportunities
While investing in mobile learning platforms will be critical in 2019, so will investing in blended learning opportunities that entail in-person instruction. Even though learners love mobile content, in-classroom instruction is still chosen 22% more often than other modalities of instruction and is still viewed as the most effective type of instruction in the workplace.
So, invest in mobile infrastructures to compliment your in-classroom instruction and programs, but make sure you still offer valuable in-person learning opportunities.
Leadership and Management Training
According to information compiled in a post published on LinkedIn® Learning, three out of four employees report that their bosses are the worst and most stressful part of their jobs, with 65% of employees saying they’d take a new boss over a pay raise. And a whopping 85% of executives aren’t confident in their leadership pipelines.
Additionally, according to surveys parsed by Entrepreneur, 87% of first-time managers wished they would have had more training before becoming a manager and don’t feel as if they’re ready to be leaders even though 99% of those companies surveyed said that they offer management training.
Overall, more and more employers will begin investing more heavily and strategically in their leadership pipelines, and you should too. For even more information on this, read 4 Tips for Coaching New Managers.
Make sure that you’re investing in the right things for your L&D department for 2019, and include the items listed above and in yesterday’s post in your budget.