The latest report from RedThread Research highlights a disturbing trend in companies’ approach to worker development. Organisations tend to allocate too little budget for initiatives aimed at boosting worker performance beyond the essentials required to keep operations running. The study categorises development efforts into three key areas: keeping the lights on, improving the work, and planning for the future.
Key Points
- Employers often prioritise ‘license-to-operate’ training, such as compliance and safety over performance improvement.
- Organisations are currently hampered by an imbalance in budget allocation for training across the three development domains.
- RedThread suggests collecting performance data to inform targeted development initiatives.
- The report emphasises the importance of striking a balance between present performance needs and future preparation.
- Employee turnover and burnout complicate efforts to enhance the effectiveness of training programmes.
Why should I read this?
If you’re in HR or L&D, this article is a must-read! It sheds light on how organisations are unintentionally short-changing their workers’ development just when support is needed most. Understanding the breakdown of budget allocations can help you advocate for better training strategies that not only meet immediate compliance needs but also foster employee growth and satisfaction in the long run. Trust us, it’s worth a look!