The age-old question
Yet another article about demonstrating the impact of training and development programs on performance.
Issues identified:
- “…more than eight in 10 executives (84 percent) rated learning as important or very important.”
- “…the amount spent on learning jumped 10 percent from the previous year.”
- “…only 37 percent of companies believe their learning programs are effective.”
Tips for linking learning to performance:
- Democratize your learning.
- Make learning personal and relevant.
- Set the bar or everyone.
- Bring on the feedback.
What’s not as clear is the actual link to a firm’s financial performance. If learning is the independent variable and financial results is the dependent variable, how can the Chief Learning Officer demonstrate a clear relationship?