Survey finds employee demand for career progression is on the up as previous data suggests that HR sees learning as ‘critical’ but often underfunded
The vast majority (83 %) of employees saw learning and development (L&D) as a “vital factor” behind their choice of employer, a survey has found.
The data revealed that a good L&D program was also crucial for retention strategies, as two-thirds (66 %) of hospitality workers said they would consider quitting their job within 12 months if L&D to help with career development was cut.
When asked why they would have quit the job in the past, three quarters (75 %) of hospitality workers said not being paid enough was the main reason, while just under a half (49 %) said poor management. Two-thirds (34 %) said an under-resourced team was the primary reason.
The survey shows that there is “no excuse” for a company not to have L&D in place for its staff. Companies with extensive L&D opportunities have a competitive advantage. Because it is important to show what they do both externally to attract the best talent and internally to promote a culture of learning.
It’s important to notice the role of L&D during the economic downturn and that it’s the job of L&D to make employees as productive, enabled, happy, and engaged as possible.
The global survey of 1,555 employees found that millennials cared the most about L&D, with four-fifths of this group (83 %) saying they would be more likely to choose an employer that prioritized continuous learning and development opportunities. Over three-quarters, (79 %) of Gen Z would have done the same.
Interestingly, the less experienced an employee is, the more they would feel compelled to quit their job if their employer cut L&D.
Having good learning opportunities is key to helping people progress and move roles. People, particularly the generations coming into the employment market, are also looking for work with a purpose.
The 2022 Workplace Learning report by Linkedln – which surveyed 256 L&D professionals – found there was a 94 % increase in demand for learning specialists last year, with two in five (41 %) of its respondents saying they planned to deploy large-scale upskilling or reskilling programmes in the year ahead.