New report uncovers organisational benefits from L&D initiatives
Nine out of 10 employers across the world are providing learning opportunities to boost retention as employees express further desire to upskill, according to a new report from LinkedIn.
The report looked into the growing role of learning and development (L&D) across organisations in the wake of AI integration in workplaces.
It found that 90% of employers are concerned about employee retention and are providing learning opportunities to boost their retention strategies.
Another 47% said they are investing in career mentoring and coaching to boost employee retention.
Desire to learn more
This comes as the report uncovered employees' growing desire for learning amid AI development.
Four in five employees said they want to learn more about how to use AI in their profession, according to the report.
Younger employees, particularly Gen Z, also agreed that they can explore their potential career paths in their organisations through learning.
"Companies that want to attract and engage Gen Z, the rising cohort of workers born after 1996, are wise to tap into the generation's passion for progress," the report read.
Benefits from learning
Organisations are also likely to benefit by investing in learning and development initiatives, as the report found that they are the "secret sauce for camaraderie and meaning."
Seven in 10 employees said learning improves their sense of connection to their organisation, while eight in 10 stated it adds purpose to their work.
Employers appear to be catching on these benefits, as the report found that many employers are looking at learning as a priority for organisational success. Their top focus areas for L&D include:
- Aligning learning programs to business goals
- Upskilling employees
- Creating a culture of learning
- Helping employees develop their careers
- Improving employee retention
"Companies with strong learning cultures see higher rates of retention, more internal mobility, and a healthier management pipeline compared to those with smaller levels of commitment," the report read.
