Skills are the cornerstone of the workplace. And, like everything else, they are rapidly changing.
The shrinking lifespan of skills is keeping CEOs on their toes, as they think skills shortages can impact profitability. As new research by TalentLMS and Vyond reveals, employees see eye to eye with execs on this, with 66% saying they need to develop new skills to be successful at their job.
TalentLMS and Vyond partnered up to take the pulse of skills agility in organizations and examine employees’ perspectives on training initiatives in 2023. We surveyed 1,000 employees in the U.S., across industries, who have received training from their company.
The research report sheds light on the training and development landscape in 2023 and features a set of predictions on what’s on the horizon for L&D in 2024, along with evidence-based takeaways for employers. As a bonus, influential voices from the L&D space are sharing their views on key findings and their impact.
Overall, the data unveiled high employee satisfaction with workplace training, with employees seeing great worth in it. So much so that, if their company doesn’t provide them with training opportunities, 41% of employees will look for another job in 2024.
What’s more, the role of workforce education is evolving, branching out into life skills and personal development: 68% of employees think non-work-related training that supports their overall well-being will be important in 2024.
Read on for the L&D deep dive and find out where it’s all headed.
Key L&D trends for 2024
Drawing from the research data coupled with the latest workplace developments, TalentLMS and Vyond created a list of L&D trends we foresee being on the rise in 2024. Use it to check your organization’s alignment with the latest unfolds.
Here’s what’s on the horizon.
#1 Personalized learning: Cookie-cutter training doesn’t cut it anymore
Employees are loud and clear when it comes to a one-size-fits-all training approach. They don’t want it. Instead, they want training tailored to their individual needs and goals: 80% of employees surveyed in the TalentLMS and Vyond research think personalized learning will be important in 2024. With emerging tech promising to enable personalization at scale, we’ll see more orgs in the coming year switching to a more individualized approach to training. From curriculum consumers, learners are set to become curriculum curators.
#2 Learn better, work better, live better: From skills-growth to self-growth
Workplace training will increasingly integrate well-being with skill-building: 68% of employees think non-work-related training that supports their overall well-being will be important in 2024. From mental health and mindfulness to financial wellness, career management, and further, L&D is taking a more holistic approach to employee development. Fusing personal development with workplace learning will not only support employees to work better but also live better.
#3 AI in training: Innovation, automation, and acceleration
The widespread rollout of AI features, platforms, and tools will impact multiple domains of training—such as learning metrics, personalization, content development and curation, assessments, feedback, and more. Throughout the report, we’ve seen that employees are highly motivated to explore AI, pointing to fertile ground for the accelerated adoption of AI in training. In the forthcoming year, we’ll see AI unlocking new opportunities in measuring and bridging skill gaps and driving innovation.
#4 Learning with purpose: Integrating L&D initiatives with business goals
Training alone doesn’t guarantee effectiveness. Metrics and analytics are central in assessing the impact of L&D efforts on achieving business objectives. With AI unlocking new levels of reporting and metrics, data-driven training will anchor L&D more deeply in organizational goals. It will enable laser-focused addressing of business needs through training. In short, it will not be just about learning anymore; it’ll be about learning with purpose.
#5 Bringing back the human touch: Interpersonal skills in focus
On the heels of WFH, hybrid work, and a lack of socialization during the pandemic, people learned to keep more to themselves. But after falling into the rhythm of social distancing, many still struggle to readjust to the return of social interactions. On top of that, workplaces have become more tech-driven and digital, with a shortfall of human touch and a decline in face-to-face interaction. We anticipate this soft skills gap will come more into focus in 2024, highlighting the need to bring back the human touch in the workplace.
The post Research: What employees want from L&D in 2024 appeared first on TalentLMS Blog.