6 Learning And Development Tips To Help Maximize Your ROI

In contemporary industries, there is an enormously fast-paced development of new business trends, technical functions, and all the other cutting-edge elements. Here are some tips to help you avoid a damaging failure in machine learning, VR and AR, and automation.

Learning and Development is a field which is proving to be absolutely invaluable in the modern workplace. In contemporary industries, there is an enormously fast-paced development of new business trends, technical functions and all the other cutting-edge elements which go into creating a successful company today. Consequently, there is a lot to learn and a lot to develop, particularly relating to areas like machine learning, VR and AR, and automation. But, it’s always a big investment, so misplaced or misguided L&D can lead to a failure to get a good return on your investment. So here are some tips to help you avoid that kind of a damaging failure.

Get On The ‘Reality’ Trend
As mentioned above, Virtual Reality and Augmented Reality are areas of tech that are currently flying and have the potential to uproot the way that whole industries work. With such a fast-paced and technically complex field, it’s going to be less about actually bringing employees up to speed but more about familiarizing them with the tech. “Immersive technology is going to be a game changer,” says Alex Lapland, project manager at WriteMyx and BritStudent. “Make sure your company is ready for when that time comes.”

Reward Development
Some employees might view L&D as a chore on top of their already substantial work-rate. And, in a sense, they’re right to view it as extra work. Though they gather new professional skills, there is also room for you to look into rewards of other kinds, pay rises, extra holidays, overtime, etc., to help combat any negative sentiments about L&D.

Ease of Access
“One of the biggest tools which you have as a company owner or manager is technology itself, and this particularly applies to team learning and development”, writes James Alberts, a senior marketer at Australia2Write and 1day2write. “The ease with which learning and development can now be achieved is incredibly useful.” There are all sorts of apps, group talk applications, laptop software and more which make L&D as convenient and easy as ever. Use them.

Don’t Train One Skill And Neglect The Person
L&D can quickly become robotic if left unmonitored: let’s just do everything we can to drill this new skill into this employee so they can then use it to benefit the company. In the modern workplace, this kind of attitude won’t cut it and could actually end up hurting you. Employee satisfaction is more important today than ever before previously and this has to be taken into consideration. Develop people, not just the skills within them. Foster self-motivated learning and you’ll have a happy, excited workforce on your hands.

Dig The Roots Deep
A one-off training day on some new piece of tech isn’t going to work in the long run. It will be forgotten, or at best they might recall what it was you talked about that day but have no idea why it was important or how to implement the skill. So, put in place a structure whereby employees are repeatedly updated on the skill you want developed. Give them plenty of opportunities to practice in artificial and real situations and always have resources for them to ask questions. This way the skills will really stay with them and benefit you in the long run.

Don’t Fear The Cost
Employee L&D can cost you. It’s an ‘extra’ cost, whereby, even if there aren’t immediate opportunities for the application or benefit from the skills developed, you still find yourself dishing out for it. With the right attitude to the culture and approach however, investment is exactly what this is. If you’re shrewd about identifying what skills need to be introduced, you can guarantee that in the long run, you will get that return. Just have patience and trust the process to bring you long term results.

Conclusion
L&D can be so valuable for most companies. And, for a select few, lack of L&D can actually be crippling to their results in the long run. It’s vital that you as an owner or manager, recognize the value of the training and look carefully at how to implement it in a sustained and efficient manner.

Source: https://www.hrtechnologist.com/articles/digital-transformation/6-learning-and-development-tips-to-help-maximize-your-roi/

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