Back in the day, it would not have been important whether an employee received continuous training for professional development. All they needed to focus on was how to be productive and how to produce more value for the company. But times are changing.
This notion of employee development was not too important for baby boomers since they only focused on earning more money for their families by working hard. But these days, employees are not only seeking monetary benefits from their work. They are now also looking for non-monetary benefits that will boost their loyalty to the company and their belief that the company truly cares about them.
According to Clear Company, 94% of employees are willing to stay at a company for much longer if their employers are invested in their career development. This is also why most employers are now opting to focus on building their employees’ strengths, as this can increase employee engagement by 23%, based on data from Gallup.
The need for learning and development (L&D) in companies has only grown since the beginning of the pandemic. This can be attributed to helping employees navigate the crisis and stay productive at home. Because of this, LinkedIn Learning has assessed that 64% of L&D professionals view employee development as an important aspect of their company’s strategic objectives.
But prioritizing L&D is not an easy task, especially for traditional organizations that haven’t seen the value employee development brings to employees. This is why Growthspace has seen this need and innovated to accommodate the growing needs of organizations.
Making the Most Out of Employee Development
Founded on the belief that learning and development are important business functions, Growthspace’s platform is built to help launch, manage, and measure different learning strategies like one-on-one coaching and mentoring, team coaching, cohort-based workshops, training, and internal mentoring programs.
Every L&D operation a company has can be fully simplified through Growthspace’s platform. Its cloud-based dashboard helps L&D professionals initiate and monitor employees’ development. And because the platform has built-in automation through intelligent training matches, it not only boosts the effectiveness of their employee development program but also frees up HR from having to focus too much on these details. And finally, Growthspace’s platform can be customized and has white-labeling options that will cater to different organizational needs and values.
All of these features work towards driving business KPIs through human-to-human development programs. What makes the platform unique is that it offers major flexibility when it comes to allocating budget between different services, customizing the programs, measuring performance, and even matching the right expert to each employee or team. Using a sprint model can guarantee over 95% completion rates and demonstrable results for the management.
Growthspace has a network of over 2,000 industry experts around the globe, covering over 80 skill sets and 50+ languages. To date, the company has helped organizations like Siemens, Microsoft, EY, Deloitte, J&J, and so much more.
Learning and Development as a Competitive Advantage
In a post-pandemic world, people are looking for companies that value their professional growth. This may not be an easy task for companies that have more than 500 employees. Nevertheless, this is a big need, especially because Deloitte has stated that world-class companies are more inclined to invest in their employees’ career paths and give them challenging opportunities because they aim to develop leaders and enhance succession planning.
This is why investing in employee development not only helps their employees but also boosts their organizations’ ultimate goal of increasing revenue and checking KPIs for business strategy. And Growthspace is ahead in making this possible for companies.
