Top 8 Predictions About the Future of Corporate Training
If you have a culture of continual learning at your workplace, here are eight exciting corporate training predictions to look forward to in the future.
Developing a corporate training strategy has always been about building a culture of continual learning that helps employees embrace change and innovate. With that said, organizations must constantly keep an eye on the latest developments in their industries in terms of technologies, practices, and norms. From an L&D perspective, they also need to keep an eye out for the latest corporate training predictions in the market.
Therefore, in this post, we’ll share eight predictions of corporate learning. With these predictions, you can proactively assess and adapt your training strategy to incorporate all the latest tools, technologies, and methods to improve training outcomes and ROI.
Do You Know Where the Future of Corporate Training is Heading Towards?
Here Are a Few Future Predictions:
- Repositioning of Training as a Benefit and Investment, not a Burden and Expense
- Data-driven Training
- Virtual Mentorship Program
- A Sharp Focus on Soft Skills
Read on to explore more!
8 Corporate Training Predictions Every Organization Should Know About
1. The Repositioning of Training as a Benefit and Investment, not a Burden and Expense
You’ve probably heard managers and leaders talking about the costs of onboarding and training employees. For years, corporate training has been considered an expense, especially for organizations with lacklustre, outdated, or ineffective programs. In contrast, modern organizations are now seeing it as an investment.
This shift in mindset is mainly due to the rapid digital transformation initiatives that saw business digitalize their operations and employ new technologies. Those who were able to upskill or reskill their workforce to adopt these changes have not only ensured continuity but are also reporting growth in performance.
From an employee’s point of view, training has always been considered a necessary burden. However, now, they’re seeing it as any other tangible or intangible benefit offered by their companies. Many modern employees opt for organizations with extensive training programs that could help them improve their capabilities and elevate their careers.
Therefore, one of the most important predictions for 2022 is the repositioning of corporate training, with companies spending more on L&D initiatives and packaging training as one of the perks rather than something that’s to be endured.
2. Data-Driven Training
No business initiatives in the digital age survive without data to support them. Therefore, you cannot expect companies to invest in training programs without valuable insights. Thus, we can expect a massive increase in the adoption of data-driven technologies for learning and development. Organizations can use these solutions to receive regular reports on compliance, skills gaps, employee performance, training progress, and industry practices.
Another important reason for leveraging data-driven L&D technologies is to enhance leadership training. Organizational change starts from the top, and upskilled or reskilled leaders can create better ways to engage with their teams and improve their performances.
Geofencing is a software-based service or feature that triggers a preset action or notification when a mobile device enters a prespecified location. This innovative tech feature has become quite popular in the retail and restaurant industry as stores and eateries use them to notify customers about any ongoing deals or discount offers.
At its core, the feature simply presents information according to the recipients’ location. Therefore, it’s no surprise that geofencing is become an emerging trend in corporate training, especially for training remote, deskless, and mobile employees. With this solution, L&D teams can optimize mobile learning by alerting users regarding any changes in regulations over a specified period.
Moreover, they can enable location-specific information, so employees have access to only what they need to get the job done.
4. Adaptive Content Delivery
One of the most anticipated developments in the eLearning industry is adaptive content delivery. This technology will showcase what AI and machine learning can do for corporate training by personalizing and individualizing training. Imagine an eLearning software like Netflix that predicts learner behavior to keep training interesting, fresh, and exciting.
5. Virtual and Augmented Reality
Virtual and Augmented Reality has grown exponentially in recent years and has become a staple in every major industry, from gaming to retail and entertainment. However, most people are also aware that they’ve been a staple in simulation-based training programs (e.g., pilot training, simulation racing, etc.). Therefore, it was inevitable that these technologies would make their way into the eLearning industry.
VR can help employees practice a skill before applying it in the real world with minimal risk. Similarly, augmented reality can enable more interactive learning and experiences.
6. Virtual Mentorship Programs
Following the Great Resignation in 2021, thousands of businesses are hiring new remote employees, many of which are fresh graduates with little or no work experience related to their profession. The problem with modern graduates is that they have technical and theoretical skills but don’t know how to apply them.
As a result, virtual mentorship programs are becoming popular, with companies calling upon their in-house managers/leaders or hiring external mentors to help coach inexperienced employees. Apart from training them to apply their knowledge and skills in real-world applications, they’re also helping them improve their productivity and longevity.
7. A Sharp Focus on Soft Skills
Despite the influx of new technologies and practices that require technical training, organizations are shifting some of their focus to human interaction by improving their employees’ soft skills. The pandemic-induced isolation and remote work model highlighted the importance of human skills in fostering a more connected and holistic work environment.
LinkedIn, the world’s leading social network for professionals, also identified soft skills as the top priority for corporate training. Research by Stanford and the Carnegie Mellon Foundation showed that 75% of long-term success in an organization is due to the mastery of several soft skills, including:
- Emotional Intelligence
- Critical Thinking
- Leadership and Innovation
- Diversity, Equity, and Inclusion
- Team Building
- Stress and Anxiety Management
- interpersonal Skills
- Problem-Solving, etc.
8. The Emergence of New Technologies
Finally, you can expect new technologies and solutions to enter the market, from learner-centric apps to more advanced rapid eLearning authoring tools and adaptive instructional design. These innovations will prompt organizations with a culture of corporate training to adopt new solutions and remain in constant transition. Apart from AI, VR, and AR, here are some of the most anticipated technologies expected to enter the industry:
- Big Data
- Wearable Technology
- Empowered Reality
- The Internet of Things
- Edge Computing
- Robotics, etc.
It’s a Wrap!
So, there you have it – our top 8 corporate training predictions for 2022 and beyond. With this information, you can determine where you stand in terms of training capabilities and effectiveness. Leveraging some of the technologies and solutions above might give you the push you need to unlock the next level of success within your organization.
To discover more about what’s trending in the corporate training world, join LearnFlux, a 3-day virtual training program. The collaborative platform offers you an opportunity to learn across domains and industries and build network by meeting peers and practitioners from top global organizations.
Get ready to transform your corporate training program to improve employee productivity, performance, and ROI.