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Why You Need To Rethink Your Training Program

SOCIAL LEARNING: EVERYTHING YOU NEED TO KNOW ARE FORMAL TRAINING PROGRAMS A POOR ROI? The cost to have 1 HOUR of formal learning available is $1,798 $24 24 In just 1 week people FORGET 70% of what they learned in a formal training program. In 1 month, they will have FORGOTTEN 87% In other words, money spent on quickly-forgotten information IS WASTED, and could even result in employees leaving. 8 IN 10 TOTT employees will leave an organization if they don't receive the right training to perform their job effectively WHAT IMPACTS EMPLOYEE DEVELOPMENT: PEER COLLABORATION 86% of employees said they are learning what they need to know for work by collaborating with others 80% said working with people they like is highly motivating 90% (this increases to for employees 36 and older) HANDS-ON LEARNING EXPERIENCES 52% of Americans say active participation through hands-on training is the best learning method Providing hands-on learning increased students' participation: 34.7% from 44.4% to FEEDBACK Employees working under leaders who give HONEST FEEDBACK ranked highest in employee engagement (77th percentile) 77th 25th while employees working under leaders who gave MINIMAL FEEDBACK, if any, ranked lowest in employee engagement (25th percentile) WHY DO WE LEARN BETTER SOCIALLY? HERE'S WHAT THE EXPERTS SAY: Much of what we learn at work occurs as we learn from our own experiences and what we observe of the experiences of others. Clive Shepherd, author of The New Learning Architect Social learning has always taken place in the workplace but new technologies open up greater opportunities. You can ask a question to fellow colleagues... take part in an online chat or read a relevant blog post with advice from a colleague and respond. Con Sotidis, LearnKotch Consulting People have always learned best from one another – social media enables this to happen unrestricted by physical location and in all kinds of extraordinarily creative ways. Marcia Conner, author of The New Social Learning: A Guide to Transforming Organizations Through Social Media SOCIAL LEARNING IS THE SOLUTION Here's what happens when employees have the opportunity to learn from one another socially: SMOOTHER ONBOARDING 90% of organizations believe | 2015 employees make their decisions to stay within the first year HIGHER EMPLOYEE RETENTION 76% of respondents said opportunities for growth was the top reason they stay in an organization this increases to for Millennials under 25 J0% INCREASED EMPLOYEE PERFORMANCE Trainees increased their performance by 22% through deliberate reflection and sharing lessons learned with others Social learning doesn't require everyone to work from the same place, but employees do NEED THE RIGHT TOOLS: VISUAL DEMONSTRATION TOOLS 32% of women and 25%. men say visual demonstrations help them learn best A FEEDBACK MECHANISM 41% of non-Millennial and of Millennial employees expect more feedback than they currently receive SOCIAL COMMUNICATION TOOLS 49% of Millennials support the use of social tools for workplace collaboration CONTENT DEVELOPMENT TOOLS Empowering employees to train others resulted in a 15% increase in employee engagement and a 7% increase in creativity TOOLS TO FACILITATE ONE-ON-ONE MENTORSHIPS 40% 'In' of organizations have mentoring programs in place to help prevent losing knowledge-hungry Millennials to other companies Create more social learning opportunities and soon your employees will be brimming with expertise and know-how. showd.me nowi know Sources: https://www.td.org/Publications/Magazines/TD/TD-Archive/2014/11/2014-State-of-the-Industry-Report-Spending-on-Employee-Training-Rema Ins-a-Priority http://riversoftware.com/7-social-learning-strategies-downkoad http://www.tinyhr.com/2014-employe8-engagement-organizational-culture-report https://www-304.ibm.com/connections/blogs/IBMTraining/entry/why_B_out_ol_10_new_hires_will_ leave_and_what_you_can_do_to_stop_then Plang-en_us http://badgeville.com/announcements/study-on-ermployee-erngagernent-finds-70-of-workers-don%E2%a0%99-need-monetary-rewards-to-fe http://globenewswire.com/news-release/2014/01/29/B05s90/10065857/en/Majority af-Americans-Prefer Hands-On-Training-in-Educational-Set tings-Survey-Finds.html http://www.tijseg.org/ojs/index.php/1OJPE/articla/view223 http://zengerfolkman.com/wp-content/uploads/2013/05//GettingMoreFromEmployeeSurveys060412.pdt http://www.amazon.com/The-Learning-Architect-Clive-Shopherd/dp/1446769801 http://marciaconner.com/books/now-social-learning https://www.totaralms.com/blog/expert-interview con-sotidis-social-learning http://v1.aberdeen.com/launch/report/benchmark/8383-RA-strategic-onboarding-talent.asp http://towardsmaturity.org/articla/2014/06/0/modernising-leaming-smart-way-why-reflection-impr http://globenewswire.com/news-release/2014/01/29/605590/10065857/en/Majority-of-Americans-Prefer-Hands-On-Training-in-Educational-Set tings-Survey-Finds.html http://www.successfactors.com/content/damvsuccessfactors/en_us/resources/white-papers/sap-workforce2020-research-results-united-states pdf http://online.queens.edu/resource/business-leadership/infographic/communicating-in-the-workplace http://www.idos.org/mejsr/mejsra(4)11/20.pdf http://millennialbranding.com/2013/cost-millennial-retention-study/

Why You Need To Rethink Your Training Program

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Eight in 10 employees will leave an organization if they don’t receive the right training to perform their job effectively, according to 2014 IBM study. So, organizations fund elaborate formal train...

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