The benefit of lifelong learning to businesses and individuals

The benefit of lifelong learning to businesses and individuals is the subject of a new report issued by AACSB International. The report focuses on the development of a culture of lifelong learning to drive organisational and individual success.

The report, “To Empower Learning Over a Lifetime“, was developed in partnership with Human Capital Media Research and Advisory Group, the research arm of workforce learning and development magazine Chief Learning Officer.
The paper provides an introduction to the environment, challenges, and opportunities related to lifelong learning and talent management.

The report is based on a January 2018 online survey of 424 human resources and talent professionals in the United States. These professionals were asked for their opinions on the challenges of instituting a culture of learning at their organisations. Furthermore, they were queried on how they’ll meet those challenges to reap the benefits of employee lifelong learning.

Benefit of lifelong learning

Four key takeaways summarise the findings of this online survey:

Benefit of lifelong learning for business

According to a whopping 73% of survey respondents, lifelong learning is an important or critical part of their organisation’s talent strategy. These respondents indicated that lifelong learning increases employee satisfaction, engagement, and retention. This at a time when the median tenure with current employers is just 5.2 years. They also said that lifelong learning enables organisations to better respond to rapidly changing environments.

Talent managers are pivoting to strategies that enable and empower learners

Almost all talent leaders (96%) believe employees should be responsible for their own lifelong learning. This yields benefits to both the organisation and to the individual. An empowered employee learns better is the idea. Talent managers often rely on external partners such as professional organisations and education providers.

Companies support a variety of approaches to lifelong learning, valued for different reasons

A majority of talent managers see shifts in learning methodologies to gain credentials, such as a heavier reliance on technology (81%), personalization (82%), and social learning (77%). They are seeing an increased importance in credentials such as certificates, licenses and degrees throughout organisation’s hiring and promotion practices.

Effective approaches frequently involve the active engagement and input of managers

Managers most frequently help foster lifelong learning through mentoring (65%) and feedback mechanisms (56%). In addition, professionals find toolkits and accountability for employee development important.

Benefit of lifelong learning

At DuoTrainin we are convinced of the benefit of lifelong learning. We believe that lifelong learning starts early in live and it will continue up until at least retirement age. Facilitating this with the right tools, that you can take from one job role or life phase to the next, is a key element of lifelong learning.
In conclusion: Wouldn’t it be nice to take your learning with you on your journey through a life and a world in which everything is changing rapidly?

Read also:
If you can answer one of these learning questions with yes, this is for you
Lifelong learning: are you on the right track?
Learning as a strategy: the secret to organisational success?
Learning to learn; it’s a journey
New L&D business models (with video intro)
Adapted from source

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