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Invest, Upskill, Excel | D2L (2024)
This report explores the importance of continuous learning and development in addressing recruitment, retention, and technological disruptions.
Tanguy Dulac
September 08, 2024
EMPLOYABILITY & LEARNING CULTURE | D2L | Invest, Upskill, Excel | This report explores the importance of continuous learning and development in addressing recruitment, retention, and technological disruptions.
DID YOU KNOW?
“More than half of organisations (55%) prefer investing in the development of current employees over hiring new talent (12%).”
DID YOU SEE?
NEED AN EXECUTIVE SUMMARY?
Recruitment and Retention Challenges
82% of L&D leaders rank talent acquisition and retention as the most pressing human resources (HR) challenge.
92% of L&D leaders believe that practical training and development programs contribute to higher employee retention, supported by 77% of employees.
Investment in Workforce Development
55% of L&D leaders prefer investing more in developing current employees to address HR challenges, compared to only 12% who favour investing in new hires.
Employee engagement and productivity are also significant concerns, with 71% of L&D leaders highlighting these issues.
Technology and Learning Delivery
42% of employees prefer online education or training, yet only 29% of organisations use technology to deliver training, indicating a gap in meeting employee preferences.
Employee Perspectives on Skills Development
83% of employees recognise the importance of ongoing skills development for job performance.
Despite this, only 51% of employees have completed formal education or training outside work in the past five years.
The primary motivators for pursuing additional education or training are increased earning potential (64%) and career advancement opportunities (44%).
Barriers to Training and Education
42% of employees cite time constraints as a significant barrier to pursuing additional training or education.
Lack of motivation (35%) is another significant barrier, with 33% of employees seeking skills development only as needed.
Preferred Training Providers
41% of employees would look to their current employer for job- or industry-specific skills training, compared to 17% looking to a community college and 14% seeking a university.
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