An authentic learning culture supports a growth mindset, an independent pursuit for knowledge and collective understanding related to organizational missions and goals. Not only do employees want to learn and apply new skills in their job and company, but they’re also open to sharing that knowledge with others. Employers can cultivate a workplace culture that offers opportunities to help support employees on their learning journeys. When employees don’t have development and career advancement opportunities, they may feel unchallenged or unmotivated in their roles.
In addition to being a powerful recruitment and retention tool for organizations, a learning company culture has the potential to impact workplaces by:
- Closing worker skill gaps
- Keeping up with workplace demands
- Increasing employee innovation and creativity
- Boosting employee productivity
As with any workplace initiative, L&D efforts are an investment. However, employers should consider L&D an investment in both employees and the organization. Consider the following statistics from ClearCompany that reinforce the importance of workplace L&D opportunities:
- Most employees (94%) said they would stay at a company longer if it invests in their careers.
- Employees who have access to professional development opportunities are 15% more engaged.
- Companies that spend $1,500 or more on employee development per year report 24% higher annual profits than organizations that spend less.
More employers are using L&D initiatives to effectively retain employees and recruit. These findings show the impact that continuous learning can have on an organization—and its employees.