Top 3 reasons why employee lifelong learning is the key to business successBACK
The globalization of world economies and digital communication has created unparalleled challenges for individuals and organizations. Traditional methods of doing business must either acclimate to the shifts in the marketplace or become proactive in innovative ways. International companies like Whirlpool, British Petroleum and Honda have all recognized that investing in employee education is a strategic buffer against workforce trends and marketplace volatility. Here are top three reasons why you should consider lifelong learning as part of workforce development to aid your company's future growth.
To nurture a competitive workforce
Fifty years ago, a college degree is the only thing a worker needs to carry him throughout his entire professional career. Today, that may no longer be feasible. Skills that were at the forefront of innovation ten years ago may be obsolete by now, and the jobs that will be performed in the next decade probably don't even exist yet. By equipping your workforce with up-to-date skills to face these challenges, we are also ensuring the future of our enterprise as a flourishing agile and current organization.
To develop better leaders
Lifelong learners tend to be interesting and charismatic because they can hold a conversation with anyone about a thousand and one topics. By reading and learning new materials, people can attain greater awareness and knowledge of alternative thoughts and perspectives. As a result, well-read employees may also offer more expertise which can provide more value to your customers. In addition, being able to connect and influence people and having broader knowledge and insights are key characteristics of effective leaders.
To increase your employees' life satisfaction
Disruptive technologies are changing our world so fast that if we do not continue to grow and develop, we will soon be left behind. In a knowledge-based economy, workers who can keep up with the latest technologies and acquire new knowledge and skills tend to get bigger salaries, live better and contribute more to the economy. Furthermore, studies show that lifelong learning helps improve cognitive processes and may halt aging-related diseases like dementia and its most common form, Alzheimer's.
Now that you know how lifelong learning can help your company succeed, how do you create a culture of learning in your organization? Here are some ideas:
Implement a social learning community
Networking and socialization make learning more fun and enjoyable for your employees. Encourage them to reach out to like-minded people in social media sites, MOOC discussion forums and communities of practice. Another idea is to implement a regular learning session which may be scheduled weekly or monthly where, for an hour or so, an assigned employee can deliver a presentation on a relevant topic about your business. Sessions like these can equip your workforce to think more strategically and gain deeper insights on key subjects that matter most to the future of your organization.
Allocate budget for training and reimbursement programs
What better way to show your support to lifelong learning than to invest in staff education and reimburse professional development expenses? By supporting your employees' diligence in furthering their education, you boost their morale and sustain their dedication to work harder and stay longer in your company. A tuition reimbursement program can also attract top young talent to consider working in your organization.
Cutting-edge expertise, adaptability and transferable skills are all indispensable workforce characteristics that enterprises should nurture in their employees through sustained education, thus driving greater impact on employee performance and on your bottom line.
Is your company investing in knowledge now so that it can thrive in the long term? Explore www.km.adec-innovations.com to learn more about how you can improve your corporate learning culture.