While it’s all the same large field of people and workforce management, corporate education and skill development is quite a specific part. You can explore various types of HR tools and software in the article linked above, and see that L&D tools include a fraction of them. Learning management systems (LMSs) and, to a certain extent, talent management systems (TMSs) work as platforms to share knowledge, engage learners, and assign tasks for reinforcement and performance tracking.
According to the 2021 LinkedIn report, more than 60% of L&D specialists consider it as the key activity of the company that should be directly supervised by the executive team. It also shows that employees are 2 times more eager to stay at the company with robust HR learning and development activities and opportunities to grow. Lastly, it’s very trendy: almost 80% of young specialists born in the 1990s believe that education is the key to a career.
According to the latest studies,
only 20% of employees are engaged at their workplaces and
more than 80% aren’t satisfied there. Improving the situation will quickly move you at the top-level companies from the employees’ point of view.
L&D is among the most viable and powerful methods to change the situation, increasing engagement to more than 70%.