For 58% of L&D professionals performance improvement through training is the #1 challenge.
MOUNTAIN VIEW, Calif. (PRWEB) March 21, 2019
Rallyware, a data-driven learning technology platform provider, released its 2019 Talent Development Trends Report that takes an in-depth look at the way corporate training will be shaped in the next few years. As companies keep adapting to the new environment of the digital workplace, they see a rising need to embrace new tools and resources to future-proof themselves from talent shortages and business disruptions. Rallyware reveals key findings in the way talent development is planned to be implemented in Fortune 500 companies during the digital workplace transformation.
This research is based on the survey responses of leaders in learning & development, business executives, HR specialists, and managers across 14 industries in North America and Europe. It also includes insights from in-depth interviews with industry thought leaders from Fortune 500 companies like Tesla, Amazon, eBay, LinkedIn, and others.
One key finding of this report is that 58% of L&D professionals recognize boosting performance through training to be the #1 challenge. At the same time, 56% of them keep measuring the success of L&D programs simply by training completion rates, not by their actual impact on performance. “With new organizational models, more diverse workforces, and the ever-changing business environment, companies need to embrace performance-based learning integrated into daily employees’ routines to obtain accurate measurements on whether L&D initiatives improve performance underway or need certain modifications,” explains George Elfond, CEO at Rallyware.
Another challenge that stands in the way of efficient talent development is outdated LMS platforms. The report reveals that the majority of training leaders (78%) are not satisfied with the learning solutions they currently have and plan to add modifications to their learning technologies within the next year. The reason is that they not only fail to drive performance with these tools but also struggle to improve knowledge retention (56%), increase training effectiveness (53%), interpret training results (51%), and enhance workforce engagement (42%).
However, 35% of L&D professionals are in the process or have already implemented data-driven learning solutions to increase the efficiency of their training programs and solve the above-mentioned challenges. The most highly-sought features that L&D leaders want from these solutions include a user-friendly interface (79%), analytics dashboards (54%), mobile learning capabilities (43%), microlearning (39%), and performance-based training (36%), among others.
According to the report, the most common talent development trend of 2019 is personalized learning. Seventy-three percent of L&D leaders see learning personalization at scale as their main goal in the years to come. “Scalable personalization of talent development automatically creates customized learning paths for each and every employee. This allows them to build flexible skill sets and improve their companies’ agility as a result,” says George Elfond, emphasizing that in this way, businesses can provide themselves with the right talent at hand even before there’s a need for a new job role.
If you’re interested in the full version of the report, you can download it here:
https://www.rallyware.com/2019-learning-and-development-industry-report
ABOUT RALLYWARE
Rallyware reinvents enterprise training by connecting learning activities with operational and performance data. This delivers significant business KPI improvements for companies with distributed workforces. The company’s mission is to provide every member of any distributed group with meaningful opportunities to feel connected, engaged, and valued within the overarching community to unlock their full potential. The company is headquartered in Mountain View, CA.