As the new generation enters the workforce, we see a change in the values, habits, and beliefs of the workforce. With their increasing interest in financial education, we also see an increase in learning and development. Generation Z (or Gen Z) understands that for one to stay competitive in the workplace, they have to continue to upskill, grow, and expand as a professional.
According to McKinsey & Company (2016), Gen Z is more likely to view training material, absorbing 50% more learning material than previous generations.
But more than this, employees feel the need to continue upskilling to stay competitive in a world that’s constantly evolving. With new technologies, tools, and approaches emerging every day, employees need to update their skills and knowledge to remain relevant and competitive in their fields. This is more so if they are concerned about their long-term employability and career prospects. This is why based on PWC’s 2022 data, 74% of employees are eager to learn new skills or to retrain.
This can be a difficult feat to achieve if the organization we fall into doesn’t value growth as much as us. That’s why employers’ behaviors have also adjusted to this increasing need. While some companies are including growth as a part of their company values, others have prioritized learning and development as a strategic objective for their organization.
However, organizations are now faced with the challenge of integrating learning and development into their daily operations. Because of this, they will need additional technical resources to manage and automate learning and development for their employees. This is a gap that Growthspace discovered and is currently solving through its employee development platform.
Maximizing Employee Potential
Growthspace is an all-inclusive platform for employee learning and development that simplifies HR teams' employee development operations. The platform provides personalized coaching, group coaching, assessments, and feedback mechanisms to help organizations create a culture of continuous learning and improvement.
Because Growthspace aims to help HR teams provide personalized development opportunities to each employee, its platform features personalized coaching sessions where employees can connect with experienced coaches who provide one-on-one coaching sessions tailored to their individual needs and preferences.
Growthspace also provides group coaching and workshops to help organizations develop a culture of collaboration and community. These sessions are led by experienced coaches and can be customized to meet the specific needs of the organization.
For HR teams, this is a great way to automate their learning and development operations but it doesn’t necessarily provide them with insights into the progress of each employee. This is why Growthspace also provides assessments and feedback mechanisms to help not only track employee progress but also identify areas for improvement. And when HR teams assess the impact of their program on a macro level, Growthspace creates detailed analytics on employee progress, coaching effectiveness, and other key metrics relevant to their objectives.
Company Success Depends on Employee Success
In today’s world, more employees are looking for organizations that support them in their pursuit of professional development. A survey conducted by PRNewswire (2019) found that 70% of employees are relatively inclined to quit their current job to work for a company that invests in employee development and learning. This is a steep price to pay for companies that don't invest in their employees’ growth yet.
The good news is that this is the only biggest thing that companies need to adjust to accommodate their employees’ desire to invest in themselves. This was confirmed by LinkedIn Learning (2018) which said that 68% of employees would rather learn within the workplace.
In this sense, HR teams can use Growthspace to provide personalized development opportunities to each employee, track and measure the impact of employee development programs, and stay up-to-date with the latest trends and best practices in employee learning and development. Because in today's fast-paced business world, Growthspace is a valuable tool for organizations looking to create engaged, productive workforces and achieve long-term success.
Note: This is NOT a sponsored post. This research has been done by the reporter. Please do your own research as well.