As per statistics, organizations across the globe annually spend an average of $359 billionon the training and development of their workforce.
One of the most significant cogs in a company's wheel is its finance department. Without expert finance professionals, a business cannot thrive or even sustain itself in a cut-throat competitive environment.
Regardless of the type of organization, you're in, the importance of having a talented and efficient team in ensuring organizational success is huge. Getting learning and development (L&D) initiatives right is, therefore, crucial to achieving your corporate goals. It's an excellent way of keeping your staff engaged and motivated and enhancing the productivity of your company.
Prepping for an accurate and ROI-driven L&D budget? Don't fall for the trap and view "cost" merely as a tangible element—you need to factor in the non-tangible elements as well.
Succession planning is paramount to maintaining business continuity. When leaders, executives, or managers step down from their positions, they need to be replaced by intellectuals who have the same skillset, personality traits, and behavioural characteristics. But do you know if such individuals are present within your organization? It's only a matter of time you discover them.
Learning/talent development and succession planning are two of the most critically important human resource management processes within any organization.
The need for employee upskilling is on the rise, thanks to the rising adoption of automation, AI, and other emerging technologies.
Creating an upskilling strategy without looking at employee data is like an accountant making a profit and loss statement without reading the journal entries—impractical in approach, inaccurate on paper.
Dart, a general-purpose programming language unveiled by Google in the year 2011, was designed for client development, such as for the web and mobile apps and can also be used to build server and desktop applications.
For Learning and Development (L&D) professionals, the ability to align training with the business strategy and needs is a prized talent. Seasoned L&D professionals understand that upskill and reskill employees within an enterprise are equivalent to 'upgrading' the organization's shared goals, collective skills, and operational efficiency.
“In the 21st century, the database is the marketplace” – Stan Rapp
