Why we need to unleash the power of our people
(Taken from Towards Maturity website) All of the current research with business leaders shows that they are under immense and increasing pressure to adapt, grow and deliver in an increasingly complex and uncertain world. Towards Maturity have just released their latest report to provide answers to some of the questions these challenges pose.
In our recent review of C-suite research, we identified a number of key risks that business leaders are having to deal with [see figure 1]. Their pressure to deliver presents a prime opportunity for people professionals as they step up to the plate. Unleashing the power of their people through innovative processes will be key to future success but business leaders continue to fail to adapt.
Towards Maturity's longitudinal research has highlighted that, done well, digitally-enabled learning innovation can deliver an impact that helps the C-suite reduce risk and drive their organisation forward. The potential for change is considerable:
- Improve agility - implement change faster
- Increase revenue and customer satisfaction
- Attract and keep the best people
- Maximise resources
And yet, the C-suite research does not consider that their people professionals are able to deliver or are equipped to deliver - limiting their expectations of help. For example, only 57% of C-suite believe that their academies are "very or fully aligned" with corporate priorities.
It is time for business leaders and learning leaders to expect more. It is time for change.
What you'll learn in this report
- Five essential outcomes of the L&D team
- Skills that L&D professionals need to succeed, not just survive
- Six Characteristics of the new learning organisation
- Factors that link to successful achievement of critical business outcomes
Ways to engage with this report
- If you're short on time, read the Fast Facts online, where we round up the highlights
- Read Jane Hart's response to Unlocking Potential
Why we wrote this report
A record 93% of L&D professionals want to integrate learning and work – however, only 15% are delivering on this. At a time when businesses need to respond faster than ever before, this is a challenge that people professionals clearly need to address.
"The detailed analysis in Unlocking Potential identifies the step-by-step actions that L&D professionals need to take to support the agile workforce needed in the future."
Although 19% of L&D budget is allocated to learning technologies and organisations have doubled the numbers of technology they use, L&D are still struggling to deliver against their goals:
- 95% of L&D leaders want to respond faster to changing business conditions, but only 19% are making progress
- 90% want to play an active role in supporting business innovation, but only 17% report they are succeeding
The slow pace of change has prompted us to develop a new statistical analysis for this year’s benchmark data, which identifies the tactics that are most likely to correlate with successful outcomes for five of the most pressing business challenges: improving efficiency, fine-tuning processes, boosting performance, cultivating agility and influencing culture.
For example, L&D teams specifically achieving the goals related to improving efficiency, use tactics such as:
- integrating technology into face-to-face training (45% vs 21% of non-achievers)
- regularly reviewing programmes to maintain relevance (66% vs 35% for non-achievers)
Additionally, the teams successful in achieving goals related to boosting performance:
- deliver learning in time to meet business needs (71% vs 43% of non-achievers)
- use activities to practice learning outcomes (66% vs 41% of non-achievers)