Developing talent internally is no longer an elective for businesses today. Historic unemployment lows, coupled with the growing skills gap of the digital economy, mandates the need to upskill and promote from within. Formerly touted as “added benefits” of employee learning, increased engagement and retention of your workforce are imperatives in the current talent market. But to succeed in creating the talent you need in-house, organizations must meet two requirements: First, make learning a strategic priority for employees. Second, ensure that learning and development programs deliver results that directly support achievement of business goals defined by top management.
None of this is easy. But the most progressive organizations are mastering a handful of best practices to overcome talent development challenges. And they’re reaping organization-wide rewards and strengthening in-house talent as a result.
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