The role of learning and development in HR is now more critical than ever. The HR manager's primary responsibility is no longer restricted to scouting for talent and hiring the right people. They have to focus on
So, the real question is understanding how L&D and HR are intricately woven together. Here's a table that summarizes the individual differences and the "connect" between both of these disciplines by way of a few everyday use-cases:
Moving on, let's understand why HR needs to prioritize learning and development initiatives in today's ever-evolving workplace.
Gen Z is learning-obsessed and is demanding newer opportunities to learn: Gen Z employees care about career growth.With 76% of Gen Z participants being more learning-focused and 69% making efforts to carve out more time to learn, as reported by the LinkedIn survey, HR departments need to laser-focus on an employee's succession planning if they want to retain the best talent. The same survey predicted that Gen Z learners watched 50% more hours of learning content per learner in 2020 vs. 2019. Another LinkedIn survey conducted in 2019 claims that a staggering 94% of employees would stay at a company longer if there was an investment in their learning and development. So if companies are not presenting employees with opportunities for learning and development, they are literally showing employees the door.
In Summary: HR leaders need to view talent as a "renewable resource" and leverage L&D as the primary asset to attract and retain employees. Furthermore, it is clear that the key to a Gen Z worker's heart is career growth. Why HR leaders should invest in training and development efforts to reap significant benefits such as:
Learning and development in HR can offer tangible and intangible benefits for the organization and employees alike. HR managers that do not engage in succession planning and prioritize employee-centric career growth will miss out on promoting high-quality talent for future organizational goals—a fatal mistake in today's cut-throat landscape.
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