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According to SHRM, employee learning is a “strategic tool for an organization’s continuing growth, productivity and ability to retain valuable employees” (Developing employees, n.d.). Employee learning is more important than ever before. In fact, Gartner HR research finds 58% of the workforce will need new skill sets to do their jobs successfully” (Baker, M., & Zuech, T., n.d.). Not only that, but the World Economic Forum report released last year “finds that wide-ranging investment in upskilling has the potential to boost GDP by $6.5 trillion by 2030… The report, Upskilling for Shared Prosperity, authored in collaboration with PwC, finds that accelerated skills enhancement would ensure that people have the experience and skills needed for the jobs created by the Fourth Industrial Revolution – boosting global productivity by 3%, on average, by 2030. The newly created jobs will be those that are complemented and augmented – rather than replaced – by technology” (World Economic Forum, n.d.).

That’s a lot of data to take in, but what this means for you is that employee learning can become a critical piece of your success in today’s competitive world. By developing the employees you already have, you will reduce turnover. You will also improve your talent pool. Many employees currently seeking new opportunities are doing so to expand their skill set, and you can offer them the opportunity to grow at your company. Furthermore, employees who participate in training programs at their employer are more likely to be engaged employees, which means increased productivity and output from your employees.