Learning and development programs (L&D) are rising in popularity. But employees and employers aren’t seeing eye-to-eye about their value, and many workers don’t seem happy about it.
Eighty-four percent of employees expect their employer to provide the training and education they need to stay up-to-date with changing skillsets in their industry, according to a recent survey of more than 800 C-suite executives and 800 employees, from online learning platform edX.
In contrast, 51% of the executives surveyed said their companies’ existing L&D programs feel like a “waste of time.”
The gap is also felt in how executives and workers view the quality of these programs. More than half of C-suite executives (65%) said that their employees are “very satisfied” with their company’s L&D programs. Only 32% of employees actually said they’re similarly satisfied.
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In other words, employees value their career development and want to utilize L&D programs for it. And they’re willing to look elsewhere if their current bosses fail to provide, edX executive Andy Morgan tells CNBC Make It.
Here’s what you need to know, whether you’re an entry-level employee or a seasoned CEO.
Workers value L&D programs for their career growth
In the survey, more than three-quarters of employees said they’d stay with their current company long-term if it offered better training and development opportunities.
More than half said they want to develop skills to position themselves for better future opportunities at their current jobs, but 39% said they’d likely leave within the next year for a job that offers better learning programs.
“The notion of getting a four-year degree and advertising that over the rest of your career has long gone by this point, everyone knows they need to rescale and upskill along the way,” says Morgan, head of edX for Business, which develops L&D programs for…
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