![]() Organizations need to tackle this problem head-on. ![]() And the number of gaps continues to increase. The World Economic Forum reported that 54% of all employees “will require significant reskilling by 2022.” The skill gap is real. One estimate suggests that unfilled jobs due to skill gaps cost the United States economy a shocking $160 billion a year. ![]() 75% of HR professionals admit to struggling to find quality candidates due to skill gaps. Lack of skills creates big headaches for organizations. If you need to sell the value of training to your leadership team, here are a few places to start: 1. Here are some ways that training benefits both employers and employees. The truth is that both organizations and professionals benefit from effective training programs. Time that could have spent on other projects. Training is often viewed as an added activity that takes away employee time. Teams are busy with projects and deadlines. With a fast-changing corporate landscape, companies must invest in their people in order to sustain growth.Įven with this in mind, corporate training can be a difficult sell to internal stakeholders. Having the right people with the right skills is imperative to moving any company forward. The people that make the organization go. Talent is any company’s most important asset. We’ll cover training benefits, ROI, types, strategies, examples, and future trends. In this guide, we’ll review all the foundations of corporate training to get you started. This group is tasked with identifying training needs, building a strategy, and implementing the various programs across the organization. Sometimes they have an organization dedicated to training and development, sometimes called learning and development (L&D). The overall strategy and program is typically owned by the internal Human Resources team. To achieve optimal growth, companies should be thoughtful and deliberate about their corporate training strategy. We’ll learn about delivery formats later in this guide. These types of training programs can be delivered in a variety of formats – instructor-led, eLearning, virtual, and others.
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