As we enter the new year, companies should keep track of the changing demands and needs of their employees to stay ahead of the curb through workplace training. As we have seen recently, companies are recognising the pivotal role that training and development of employees play in not only enhancing individual skills but also in achieving organisational goals.
According to recent research by TalentLMS and Vyond, 41% of employees are willing to seek new job opportunities in 2024 if their current employers fall short of providing the necessary training opportunities. This revelation highlights the significant impact that workplace training has on employee retention.
The Craving for New Skills Through Workplace Training
66% of employees believe that to be successful in their current roles, they need to develop new skills. This signals a growing awareness among the workforce of the importance of staying abreast of industry advancements and acquiring skills that are relevant in today’s dynamic job market.
The half-life of skills is shrinking, with 57% of employees acknowledging that skills have a shorter shelf life than before. In response, employees proactively take charge of their development, with 68% engaging in additional personal training to augment their skill sets. Social media is playing a pivotal role, with 58% utilising these platforms as a means to cultivate new skills – and further employee development training.
AI Training Gap and Future Readiness
While the demand for workplace training is evident, there exists a noticeable gap when it comes to training employees in the realm of artificial intelligence (AI). 67% express a desire for training on new AI tools, yet the actual provision falls short of expectations. This AI training gap indicates a significant area for improvement in the type of training offered by organisations.
However, it should be noted that 71% of employees feel more prepared for the future of work due to the training they received in 2023. This suggests that organisations that are investing in the right type of training are succeeding in enhancing their workforce’s future readiness.
Key Learning Obstacles and Industry Experts’ Perspectives
While the importance of workplace training is clear, certain obstacles hinder its effectiveness. The top three challenges identified are lengthy training sessions, unengaging content delivery, and the unavailability of content on-demand, anytime. Recognising and addressing these challenges is crucial to ensure that the type of training provided aligns with employees’ preferences and learning styles.
Thanos Papangelis, co-founder of TalentLMS, emphasises the growing need for training on topics and skills that transcend job roles. He advocates for companies to invest in nurturing well-rounded professionals, recognising that continuous learning beyond job specifics is essential in today’s ever-changing business landscape.
Leadership and management, mental health, and the use of AI tools are the top three non-mandatory training topics that employees express a desire to receive through job training and development. A substantial 72% attribute career progression to the training they received from their companies in 2023. This underscores the transformative impact that the right type of training can have on an individual’s career trajectory.
Looking Ahead: 2024 Trends in Workplace Training
As we enter 2024, it’s crucial to identify the evolving trends shaping workplace training. The research highlights several key areas of focus, including personalised training for employees, support for well-being through non-work-related training, and the increasing importance of flexibility in choosing training topics and timing. These trends emphasise the shift towards more tailored, holistic, and employee-centric training approaches.
The data and insights provided by the research underscore the undeniable connection between workplace training and employee satisfaction, retention, and career progression. As organisations strategise to accommodate changes and development, it is imperative to prioritise the right type of training that aligns with employees’ evolving needs and industry demands.
Personalised, inclusive, and continuous training will not only meet the current expectations of the workforce but also ensure a resilient, agile, and successful organisation in the years to come.