Every company wants to grow and improve its effectiveness on all fronts to maximize its profits. This is exactly why business managers should focus on the success of their driving force—the employees.
One of the best ways to capitalize on people’s effectiveness is through training and development, or, to be more specific, corporate training and development. It is no surprise that impressive amounts of money are spent every year by corporations on training, workshops, and conferences, and an important role in this process can be attributed to Expert Networks.
Usually, training and development initiatives involve educational events that increase employee knowledge and provide more motivation for them to be better at their job.
However, corporate training has several advantages, such as lowering skill gaps, boosting staff morale and motivation, improving cost efficiency, and creating a culture of learning. It can also address particular and quantifiable company needs, such as preparing staff to take on new tasks or honing the skills required for their existing (or future) roles.
Did you know that 68% of workers state they would rather receive training or education during working hours? Furthermore, 92% of employees believe that workplace training increases their level of job engagement and 76% of Gen Z learners believe that education is essential for a successful career.
Defining Corporate Training and Development
Corporate training and development involves a series of exercises that make use of a variety of educational materials, tools, and programs. All have one particular goal – educating staff members about the specific behaviors, procedures, and frameworks required to carry out their duties.
There are various formats and methods of corporate training:
- In-person training – provided at the organization’s headquarters or offices
- Virtual – provided online
- Hybrid – merges in-person and virtual formats.
In addition to developing the abilities required by a company, training programs can create a larger online community to facilitate the further cultivation of skills and knowledge transfer that align with the goals of the organization.
How Can Expert Networks Assist in Corporate Training and Development?
We know that progressive businesses look for new and creative ways to improve the abilities and expertise of their employees. With this in mind, expert network integration stands out as a game-changing tactic as we look to the future.
Expert networks are an indispensable way of bridging the gap between organizations and seasoned professionals, such as Heads of Learning and Development (L&D), who can provide invaluable insights into training techniques. Thus, companies can:
- Learn about the newest trends and L&D best practices
- Learn how to design training material that is more impactful and captivating
- Discover how to evaluate a training program’s effectiveness
- Get advice on how to incorporate new techniques and methods into corporate L&D plans.
By linking companies with experts in the field, Expert Networks facilitate tailored training sessions aimed at specific organizational challenges and objectives thus increasing the effectiveness of learning.
The integration of expert networks into corporate training programs forms part of strategic planning and execution. Here’s how companies can get in touch with expert networks for training and development purposes:
Identify Skill Gaps
Conduct a skills evaluation to identify areas where professional assistance for staff is required.
Select Relevant Expert Networks
It’s vital to select expert networks that can get in touch with the most suitable specialists whose skills and expertise correspond to the identified skill gaps and organizational objectives. RightAngle Global recruits professionals for each project that it works on, ensuring that each specialist is relevant and can answer all the questions a client may have.
Incorporate Training and Development
Launch expert-led sessions, online or hybrid courses, workshops, and hands-on projects to create a well-rounded learning experience.
Evaluate the Results
Use metrics to assess the effectiveness of training and the value of expert networks for employee growth.
Case study
RightAngle Global successfully catered to one of its clients who was in search of seasoned experts in the Learning and Development (L&D) industry as well as those skilled in recruitment strategy, including L&D procurement managers, L&D managers and operations managers.
The primary objective was to conduct a comprehensive analysis of the prevailing hiring and training trends within the North American region, specifically targeting the technology sector.
In the course of our research, we identified a number of experts with extensive knowledge in recruitment, training and development, including L&D procurement managers, operations managers, and category managers. These professionals were predominantly from IT companies as well as organizations within the Banking, Financial Services, and Insurance sectors.
The client gained in-depth knowledge of the top recruitment and training strategies used to secure tech talent in the given region, particularly in rapidly growing fields such as cloud computing, data science, and security. Specifically, our client gained knowledge on current upskilling and hiring practices, the ideal candidate profile for the necessary skill sets, and the company’s expenditure per hire, among other critical aspects.
Future of Corporate Training
The corporate environment is evolving at a rapid pace and therefore companies must be flexible and responsive. One of the main forces behind this quick transformation is technology, with automation and artificial intelligence (AI) at the top of the list.
AI in corporate training and development
Software powered by AI can forecast which knowledge will be most necessary for a learner to acquire next, recommend content according to an individual’s previous accomplishments, and tailor the way the training material is provided depending on the way the person learns.
Although incorporating AI into corporate training and development may require some investment, the use of AI at the very outset can lower overall long-term costs.
Employees who are aware of AI technology and understand it will be able to discover various ways of applying it in their respective professions which can further reduce time and resource requirements and boost cost-effectiveness.
Final word
Expert networks can connect companies with a vast pool of experts with extensive and niche knowledge including expertise in corporate training and all parties can greatly benefit from this connection.
Because a growing number of organizations are embracing technological advances, the future of corporate training and development looks bright. This means that more skilled, adaptable, and innovative employees will be able to tackle the challenges of tomorrow.
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Key Expert Network Trends in 2024: Insights from RightAngle Global
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