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Millions of injuries and thousands of deaths occur in the workplace every year, costing the U.S. economy hundreds of billions of dollars. And some experts believe that visual literacy training in the workplace can significantly help bring those numbers down.
Many organizations conduct financial audits, compliance audits, environmental audits, and other internal audits on a regular basis, but they don’t always conduct audits for their L&D and training programs, which is mind-boggling, seeing as how effective L&D and training programs have been proven to increase an organization’s bottom line and retain more engaged employees longer.
Organizations are losing around $13.5 million each year (per 1,000 employees) due to ineffective training programs. And many of those training programs are ineffective because they’re never audited or evaluated on a continual basis.
Upskilling your employees now is imperative if you want your organization to remain competitive and successful, so here are a few things you can do to start this process.
According to one study, 90% of employees believe employers are mainly responsible for upskilling their staff, but according to another study, 80% of employees believe that staying upskilled is their own responsibility. Regardless of which party is ultimately deemed “responsible,” upskilling employees does still seem to be necessary for most organizations.
The training and L&D technology industry is now worth billions of dollars and continues to grow each year, and it’s becoming clear that multiple organizations are beginning to rely on a variety of training and L&D technology as more options continue to flood the marketplace.
Learning and development (L&D) is becoming a central hub for safety, innovation, and business growth in the modern-day workplace, especially in the era of evolving technology, big data and data analytics, skills gaps, workplace shootings, sexual harassment and discrimination awareness, and decreased employee engagement.
While technology has done wonders for learning and development (L&D) in the past decade or so, it still needs to be moderated well if it’s going to remain effective.
Did you know that 53% of employers admit that they don’t actively track improved employee performance, even though 43% of highly engaged employees receive feedback on their performance at least once a week? And companies that implement regular employee feedback have turnover rates that are 14.9% lower than companies that don’t implement regular feedback.
In a recent post, we covered four reasons why you’ll want to personalize your learning and development initiatives this year. This post will cover how you can personalize your training and development initiatives this year.