Despite all the recent discussion, employee engagement is still a major hurdle for organizations across the board. Low engagement levels can be toxic for workplace culture, contribute to reduced job satisfaction, and, ultimately, increase turnover. In light of the recent skills gap and scarcity of qualified talent, retaining and growing the workforce is a top objective of Best-in-Class organizations. That’s why learning and development is no longer just a once-in-a-while activity. It’s become a business-critical priority for increasing skills, staying competitive, and improving employee engagement.
According to Aberdeen research, Best-in-Class organizations are more likely to adopt learning management systems than their under-performing peers. They understand the importance of providing employees with opportunities to advance their skills, and ultimately, their careers. In fact, Best-in-Class organizations are 2.1 times more likely to have tools in place that provide visibility into individual development plans (see infographic below). This gives employees and managers alike accountability for their progress, which engages them, and advances the organization as a whole.
Without a commitment to developing their employees, companies risk losing key talent and not having the skills they need to compete. To learn more about how you can enhance engagement and performance through learning and development, attend our upcoming webinar.