Building a learning culture in your company is not some trendy new thing, but a necessity in the modern workplace. Learning culture brings real monetary value and is a great tool for building strong and empowered teams. Here are some important reasons to foster a learning culture in your company.
Better Employee Retention
LinkedIn reported that about 94% of employees feel appreciated and stay loyal to the company when it invests in their skills and career development. Go2hr says that about 40% of employees leave a company within a year due to poor training.
Every earned skill has a half-life, and providing consistent learning opportunities ensures that your employees remain up-to-date and skilled to take up the challenging tasks thrown at them. Continuous learning opportunities also help employees feel more confident and assured about their roles in the company.
Attract New Talent
Having a robust learning system is one good way to attract and retain the best talent in the industry. It gives potential employees another reason to choose you over a competing employer.
Map Out Skills and Roles with Ease
Learning systems can be a great way to understand your employees’ specific skill sets and preferences. It can be hugely helpful in planning each individual’s personal career growth and skill development and aligning it with the broader organizational goals. The organization can plan for the skills required in the future and train its employees accordingly.
Increased Productivity
Personalized and continuous learning opportunities can be a great way to boost individual productivity as it directly relates to upskilling the individual. When planned at the organizational level, learning courses can be effectively used to induct new employees and speed up their onboarding process as well.
Encourage Innovation
An organization that does not innovate will soon be lost in time to the raging competition in today’s world. Fostering a productive learning culture in the organization can help teams become more adept at innovation and adopting the latest technologies.
Find out how Circle LMS can help you get your team organized and learning now.