Use Learning Governance to Improve Business Results
An organization’s Learning and Development (L&D) teams are charged with the responsibility of bridging the gaps in the critical workforce skill. However, in many of the cases there is a definite lack of alignment between organization strategy and L&D which makes this goal hard to achieve. Accordingly it is vital that companies lay down a formal framework for managing decisions about learning and talent development. This will make it possible to align L&D with an organization's strategy and improve the prioritization of initiatives and resources. Additionally, it will improve the learning function while retaining indispensable talent and essential employee development programs to deliver real business value.
Deloitte Consulting LLP’s recent paper Use learning governance to improve business results talks about the steps to develop an effective governance framework. It focuses on:
- Evaluating the existing governance model
- Deloitte’s approach to governance that includes
- Understand the current-state learning governance
- Define the future-state learning governance framework
- Implement the learning governance framework
- Evaluate regularly
Organizations having well-designed learning framework often face challenges during implementation. In the current business scenario it’s imperative to have the right L&D structure in place. Organizations put effort into building an effective learning governance framework will have tangible value to the business that can drive performance results, substantial cost savings and improved retention of key talent.
Download the report to learn more on how to prioritize the right learning programs for building the workforce skills necessary to support business growth and reduce risk.
Ready to talk to Deloitte now?
As used in this document, “Deloitte” means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.