L&D is Important! But why?
L&D is Important! But why?
The
performance of an employee depends on many factors such as Job satisfaction,
knowledge, and effective management, however, we must note that there is a
relationship between training and performance (Chris,2010).
This shows that employee performance is important for the organization's growth and L&D is important for employees to increase their performance. It has been found that organizations that invest in employee learning and development have higher employee engagement, productivity, and less turnover. We can
Value Chain of Learning & Development
Ø Boosting Employee Productivity and Performance
Training
programs that are proper and up-to-date will increase the productivity of the
employees. To increase their level of competence, ability, and confidence,
organizations can close skills, knowledge, and performance gaps by providing
them with innovative ideas, best practices, and capabilities that they can practice
in their jobs. Which will result in a workforce who can make better decisions, and work smarter and more efficiently.
Ø Return on Investment (ROI)
By
considering L&D as a strategic priority of the organization, and putting it
into practice with concern and purpose, any employer can get the benefit from measurable
ROI. It can be measured by calculating the impact and ROI, for both qualitative
and quantitative. It is important to evaluate L&D as an investment, not a
cost, and to use L&D for the achievement of organizational goals and
objectives.
Want
to know how to measure ROI of L&D?
Ø Increase Employee Satisfaction, Retention and Engagement
When
employers invest their capital in L&D the employees feel more attached, appreciated,
liable, motivated, and part of the team. It has been reflected that investing in
L&D has had a positive influence and has helped grow employees' sense of
loyalty while decreasing staff turnover. Not only that but also L&D
programs provide opportunities such as team building, mentoring sessions with
experts and most importantly employees get that the chance to meet new employees.
L&D toll is used to bridge knowledge
and skill gaps, but at the same time, it is also being used as a method of
rewarding employees who are high-potentials, and high-achievers. Since employees
feel more motivated and satisfied with the L&D initiatives employees will
retain within the organization and work towards its success.
Ø Helps Develop and Nurture Future Leaders
It
is important to develop and nurture potential leaders for the future growth and
development of any organization. Thus, providing adequate learning and
development opportunities for the employees is essential to build potential
leaders for the future whether they are selected within the organization or
from outside. Having a proper L&D plan will always help an organization to prepare
their employees to become talents who can take on leadership roles with
new responsibilities and lead a team to fulfill the company objectives.
References
AIHR. Academy to Innovate HR, Learning and Development, A Comprehensive Guide, [online], available at https://www.aihr.com/blog/learning-and-development/ Accessed on 21st March 2024
Chris, (2010), Oluwaseun,
O. O. (2018), EMPLOYEE TRAINING AND DEVELOPMENT AS A MODEL FOR ORGANIZATIONAL
SUCCESS, International Journal of Engineering Technologies and Management
Research, 5(3), 181-189, [online], available at https://www.researchgate.net/publication/341143357_EMPLOYEE_TRAINING_AND_DEVELOPMENT_AS_A_MODEL_FOR_ORGANIZATIONAL_SUCCESS,
Accessed on 20th March 2024
Factorial, (2023), Employee training and development:
Benefits, types, methods, [online], available at https://factorialhr.co.uk/blog/training-and-development/
Accessed on 21st March 2024
PushFar, (2024), 5 Powerful Reasons Why You NEED Learning
and Development in Your Organisation, [online], available at https://www.pushfar.com/article/5-powerful-reasons-why-you-need-learning-and-development-in-your-organisation/
Accessed on 21st March 2024
The L&D Academy (2022), Measuring Learning Return on
Investment (ROI), [online], available at https://www.youtube.com/watch?v=TmkEQY2IuRA
Accessed on 20th March 2024
Learning and Development (L&D) initiatives are more than just another corporate buzzword; they are the cornerstone of organizational success in today's dynamic business environment. While the importance of L&D may seem apparent, it's essential to delve deeper into why it holds such significance.
ReplyDeleteYes as you have mentioned in the comment L&D is vital for any organization and it is important to know the benefits of the L&D.
DeleteBeautiful blog!The positive influence helps grow employees'! yess Loyal side
ReplyDeleteThank you for the comment & agreed with the feedback.
DeleteAgreed, prioritizing L&D is an investment for the employees, and the future success of the organization as well.
ReplyDeleteYes indeed. Prioritizing L&D is an investment for employees and also to the organizations as well. It is a win-win situation for both the parties and will be able to give a positive customer experience as well.
ReplyDeleteGrate article. You have effectively highlights the vital link between L&D and employee performance. Highlighting its impact on productivity, ROI, satisfaction, and leadership development, it convincingly emphasizes the significance of investing in employee development for organizational success.
ReplyDeleteThank you for your insightful comment. I'm glad you found the article valuable in highlighting the crucial connection between Learning and Development (L&D) initiatives and employee performance.
DeleteGreat article Nimani. The article rightly elaborates the unbreakable link between the L & D and the overall performance of the employees. What measures do you suggest to educate the organizations on this serious link when and where these practices are neglected? Would love to hear your valuable thoughts.
ReplyDeleteThank you for the feedback Ashan. Actually there are many ways which we can practice to create awareness. The best way is that HRM teams can highlight the benefits which employer & employee both will get, such as improved employee performance, increased job satisfaction, higher retention rates, and overall organizational growth. Further HRM teams can creating awareness, Feedback evaluations and Engaging senior managers in discussions about L&D by giving them with data-driven insights and business cases.
DeleteBoost productivity with L&D. As employees learn new skills and abilities, they will not just become better workers, they will feel like more productive members of the wider business. In turn, this will improve their morale as well as their workplace capabilities.
ReplyDeleteExactly L&D will boost employee productivity and employees will be able to perform better towards the corporate objectives and at the same time L&D will help to create a better work environment for new recruits as well.
DeleteL&D is crucial for employee performance and organizational growth, leading to higher engagement, productivity, and retention. It boosts productivity, offers ROI, increases satisfaction, and nurtures future leaders, ensuring long-term success.
ReplyDeleteGreat insights on the value of L&D!
Agreed with your feedback L&D is important because it enhances employee capabilities, improves productivity, encourage innovation and adaptability, increase employee engagement and retention, develops future leaders, drives organizational growth, and cultivates a culture of lifelong learning and improvement.
DeleteTraining matters! It boosts productivity, keeps employees happy, and helps the company grow. It is quite profitable to invest in learning and development. It takes more than just talents to keep individuals motivated and involved. it's about keeping people engaged and motivated. Plus, it grooms future leaders. Win-win for everyone
ReplyDeleteThank you for the comment. Agree with your comment because as per Armstrong (2009), training and development is an important activity that increases the performance of employee in an organization and is a building block which enhances the growth and success of an organization.
DeleteMeasuring ROI is the crucial fact of the investment of the learning in any organization. This article shows how you could measure it. very well explained using available artifacts
ReplyDeleteThank you for the feedback, according to Oluwaseun (2018), in his journal he has explained that "by making training and development a strategic priority of the organization, and implementing it in a thoughtful and deliberate manner, a company can benefit from measurable ROI".
DeleteThe article gives clear and concise information about why learning and development is vital in an organization. Yes, L & D is important and must be given priority as it enables to develop a skillful workforce and the aspects you have mentioned in the article like creating educated leaders. This also helps in the organizational success and retaining of the top talent. Insightful article, Nimani!
ReplyDeleteThis article does a good job of highlighting how important learning and development (L&D) is to improving worker performance and fostering organizational success. It emphasizes the fundamental connection between employee development and company growth by citing the relationship between performance and training.
ReplyDelete