![]() ![]() Learning leads to higher productivity and performance of individuals, teams and organizations.What are the benefits of training and people development in general? With these I’ll then demonstrate several studies and examples. First, I will lay out 6 general statements. So, now that we have looked at the reasons to deal with the topic, let’s look at what the value of learning and training is. This resonates well with the research from Brandon Hall on drivers of Learning Measurement: 77% respondents said that their driver is to improve training programs, 67% said it is to better align learning to organizational performance, 53% said it is to better align learning to individual performance. To inform and convince them is another reason for looking at the value of learning. Management and other stakeholders think in numbers. Monitoring the value, therefore, is important to constantly adapt and improve. Continuous Improvement of learningĪnother reason why to look at the value of learning is the continuous improvement of learning content, approaches and processes. Therefore, we always need data about the learners and their context, the learning process, as well as the learning output. To ensure relevant learning experiences, personalization is more and more important, as learners have different historical pre-knowledge, skills proficiency or preferences toward learning methods. This helps to ensure an efficient and effective use of resources like time, people and money, as well as to ensure that your learning strategy is going in the right direction. This can be accomplished by comparing alternatives of training approaches or simply measuring the business impact for example. To develop a learning strategy, you need to define what value you aim for and constantly measure this value. Why is training and people development important for individual and business success? Value of Learning: Four reasons why it is important to look at it Support of learning strategy development and monitoring To help our community, I try to sum up why those investments make sense and how to measure it. Even in our more saturated society where learning and training is often free and easy to get, it is seen as important – however, investments in learning always compete with other investments. That became the second product, which was a community subscription with 2,800+ members that included weekly live calls, and a value creation curriculum that captures and shares the lessons we learned as we grew Visualize Value.In some cultures, the value of personal development is top of mind as it means advancement in personal prosperity. Lots of people answered that they’d like some accountability, so we decided to build a digital community for everyone who’d purchased the manifest to share how and why they’re using it, and what they’re building/learning/doing in the process. “How’s it going? Where are you getting stuck?” We sold a few via Instagram and Twitter, and then repeated the process of starting conversations with our customers. Over the couple of years building out failed businesses before this, I’d devised a simple time management tool, I polished it up - gave it a name, “ The Daily Manifest” and offered it for sale. The answers: “Time management, procrastination, getting started, staying focused.” ![]() I spoke to hundreds of people who were interacting with the brand - what do you need help with? TL DR: Make complex things easy to understand via visuals.Įxample below for a supply chain company: These decks were designed to visualize intangible concepts: how the logic in a software product worked, how process X saved a company time, what does the competitive landscape look like for industry Y, etc. I looked at all of my experiences to figure out what I could offer the market that was currently in short supply - I realized I had spent years making presentation decks for clients in my corporate job, a task that most of my colleagues weren’t good at, or interested in. Burned out, tired, not really sure what made my work valuable to anyone.ĭramatically narrowing my focus and committing to solving a specific problem. Taking on work for anyone who’d pay me - quite literally a jack of all trades and a master of none. I was a graphic designer with 10 years agency experience, in need of paying clients for an agency "business" I had just started. ![]()
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