The 2014 report from Towards Maturity, which carries out annual research with businesses into skills and technology, found that despite the willingness, only three in ten businesses manage to align learning with business goals – down 20% in the last five years.
As a long-term Ambassador of Towards Maturity, we are urging businesses to think about implementing learning strategies in the round and thinking about other programmes, such as Apprenticeships, as well.
Published this week, the 2014 Towards Maturity Benchmark Study includes data provided by 600 learning professionals in 45 countries and more than 5,000 learners.
The research found when done well implementing new approaches to learning technologies can deliver results. Over the last three years it has helped to deliver:
• a 14% improvement in productivity
• a 9% reduction in attrition rates
• a 17% improvement in staff engagement
• a reduction in training costs of 17%
The benefits of Apprenticeships have also been quantified by the National Apprenticeship Service:
• 80% of companies which invest in apprentices have reported a significant increase in employee retention
• 77% of employers believe Apprenticeships make them more competitive
• Three quarters of employers who employ apprentices agree they make their workplace more productive
• More than 90% of employers who employ apprentices believe Apprenticeships lead to a more motivated and satisfied workforce
• 83% of employers who employ apprentices say they rely on their Apprenticeships programme to provide the skilled workers that they need for the future.
• One in five employers are hiring more apprentices to help them through the tough economic climate.
*Data compiled by the National Apprenticeship Service
The full findings of the Towards Maturity Benchmark study can be downloaded in a free e-book, Modernising Learning: Delivering Results here >