Do You Link Learning and Business Performance?
We have yet to meet a front line leader that does not want to link learning and business performance. One of the major components of an effective talent management strategy is promoting the kind of learning that makes good people AND business sense. It’s all about making the link with business priorities in a way that works for your employees.
Make an Impact on The Business
Today’s learning leaders who want to make an impact on people and business performance understand that learning is no longer simply about one-time training events, well-crafted content, or alluring delivery modalities. To make an impact, corporate learning leaders must link learning and business performance to help move both the people and business strategies forward.
Otherwise, What Is The Point?
Imagine learning that does not link learning and business performance or that does not move the people and business strategies forward. That type of learning would not be highly irrelevant to the employee’s job, performance, and company priorities. Unfortunately this happens more than you think.
According to Harvard Business School Professor Michael Beer, studies have shown that only 10% of corporate training is effective, an oil company built a $20 million safety training facility but still suffered several fatal accidents, and individual development has to take place in the context of a larger change process motivated by the senior team.
We could not agree more. Our own research found that only 1-in-5 training participants change their on-the-job behavior and performance from stand-alone training events. And those twenty percent where already predisposed to make the changes without the training.
Three Tips to Link Learning and Business Performance
Follow these three talent management tips to better link learning and business performance to help learning make a true and positive difference at your company.
Training should not be a series of isolated events that you can check off a list; training should be highly relevant, customized, and reinforced to directly boost performance where it matters most.
For example, if reducing turnover of first year employees is a strategic priority, more effective new employee onboarding may be an effective learning solution to improve employee engagement, attrition, and speed to productivity. If, on the other hand, one of the top strategic priorities is to sell more complex solutions to target clients, business sales training could be an effective component to improving revenue growth.You would be surprised at the number of isolated training events being designed and delivered at companies today with little link to business objectives. You will know you are on the right path from a learning and development perspective when your key stakeholders agree upon the answers to the following questions:- What are the desired business AND learning results?- How specifically will the training help achieve one of the company’s top strategic priorities?
– How will you know that success has been achieved?
– What business metric are you trying to impact?
– How big is the problem you are trying to solve compared to other strategic priorities?
– What makes you believe that skills, knowledge, or attitudes are part of the solution?
Engaged employees make up a dedicated, hard-working, and productive workforce. You will know you are headed in the right direction in this area when employees believe their job gives them a chance to learn and grow and that they have the skills, information, and resources to be successful.
The Bottom Line
Unfortunately, organizations continue to spend (and often waste) billions of dollars each year on training and development for their employees – programs that typically fail to produce tangible behavior change or business results. To better develop talent make sure you link learning and business performance.
To learn more about how to link learning and business performance, download the Top 5 Training Strategies and the Key Mistakes To Avoid
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