Please get this business case for investing in the company's people regardless of industry, concerns about cost and other barriers... we know that they are myriad!
1. 9 things to tell your CLO about why
L&D is crucial to your business
In today’s business landscape, talent is like gold. Hold on to it and you can build a happy,
productive workplace and a wealth of profit. Neglect it, and your best employees leave, your
culture tarnishes, and your competitive advantage corrodes. L&D is no longer optional—it’s
the ticket to unlocking employee engagement at work. Earn your seat at the table by telling
your CLO these 9 reasons L&D is crucial to your business:
Your workplace has already changed—and you
don’t even realize it.
Most workers are “checked out.”
50% of your workforce are millennials and they aren’t
wired the same as previous generations.
Millennials are on the move.
The rapid evolution of technology has completely changed the way we work. Organizations that
cling to dinosaur L&D programs will become talent wastelands.
87% of all employees are disengaged at work, costing U.S. businesses upwards of $450 billion per
year. Your company simply can’t afford not to keep employees skilled and excited about their jobs.
Millennials now make up the largest cohort in the American workforce. Among this set, attention
spans are dwindling, screens are shrinking, and an on-the-go lifestyle warrants a micro approach
to learning. An effective L&D program needs to cater to the 21st century brain.
With job growth on an uptick they’re restless and looking around—and recruiters are on the hunt.
Without retention strategies, the average tenure of a millennial’s job is just 4.6 years, and the cost
to replace each is around $25K. Consistently reported as one of the top three perks millennials
consider when deciding to stay at a job is career development—more than cash, 401k, or any
other benefit. Stop the talent bleed with learning they can actually feel working.
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2. L&D touches the complete life-cycle of an employee.
L&D will drive business when it’s at its most powerful.
Workers are starved for better learning.
A culture of learning leads to happier workers.
L&D has the opportunity to engage employees no matter where they are in their tenure. More than
just an HR checkbox, from onboarding to training to support—development of an employee is a
recruitment win.
A robust learning product should be like an extension of your team, with accessible, custom
curricula, modular content, and up-to-date trainings to empower your team’s highest performance.
Ineffective legacy training programs are costly and underserving your elite learners: 40% of
training fails and yet, traditional methods (with its bloated content,antiquated delivery and abysmal
retention rates) are still the corporate norm. A leaner approach to L&D could mean a 300%
increase in speed and a 70% cut in production costs despite measurable performance results.
When people learn new skills in the right way, at the right time, they feel better, work harder,and
their positive energy spreads. No matter whether you build it or buy it, a 21st century learning
ecosystem—fast content, an easy platform, and custom service—develops and motivates talent,
boosts culture, and inspires employees to drive your business forward.
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Schedule a demo
Your team’s digital skills gap is costing
each worker 2 hours per day.
Digital training powered by an efficient L&D program saves workers time—up to 21% of every day,
and the U.S. economy upwards of $160 billion annually. Imagine what 500 more hours per worker
per year can add to your productivity.
Experience what an effective learning solution feels like
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