Lumofy Blog

Recent researches and surveys from McKinsey and Udemy respectively indicated two worrying and entwined facts about tomorrow’s workplace. McKinsey reported that 60% of global executives expect that up to half of their organization’s workforce will need retraining or replacing within 5 years.

Measuring the value and/or ROI of learning was and still a challenging dilemma that overwhelmed the L&D and HR practitioners, to address and demonstrate a robust measurement metrics that clearly identifies what the company needs, where they are now and where they are heading.

Companies dedicate time, resources and fortunes annually to deploy training sessions and learning experiences to stay relevant in the “fourth industrial revolution”. Fostering a mechanism to implement the learned skills in corporate performance is a major challenge that requires a thorough examination.

A recent research done by Josh Bersin, indicated that employees who spend time at work learning, are 47% less likely to be stressed, 39% more likely to feel productive and successful, 23% more ready to take on additional responsibilities, and 21% more likely to feel confident and happy.

A recent research showed that only 10% of companies have a well cultivated learning culture, which are properly aligned to the strategy and desired business outcomes.