L&D Trends Corporates Need To Lookout For In 2023!
The year 2023 will be pivotal for companies that want to capitalize on the post-pandemic digital explosion. They now face a huge problem – the innovation rate that is outpacing their employees’ skills.
There is a reason why companies need to know about the upcoming L&D trends in 2023. We now have AI-powered chatbots and many such advanced technologies that are changing the game for industries. Although revolutionary, such advances are creating an acute skill gap amongst the workforce, which, if not addressed critically, can challenge companies in the long run. The goal is simple but critical – tailor your organizational learning and development goals to address the company’s objectives. Build a workforce that can drive your ROI and business goals!
This blog will walk you through the top 7 Learning and Development trends you must watch out for in 2023!
- The importance of keeping up with learning and development (L&D) trends in the corporate world
- The impact of COVID-19 on L&D and how it has accelerated digital transformation
- The rise of microlearning and its benefits for employee training
- The emergence of personalized learning paths for employees
- The integration of artificial intelligence (AI) and machine learning (ML) in L&D for better data analysis and customized training programs
- The significance of employee well-being and mental health in L&D
- The growing demand for skills-based training rather than traditional degree-based training
- The importance of a culture of continuous learning and development in organizations.
1. Reskilling to meet the technology explosion
According to Deloitte’s latest survey, attracting and retaining a quality workforce seems to be a top focus for 83% of manufacturers, with almost 45% of manufacturing executives being forced to turn down business opportunities purely due to a lack of skilled workers.
Reskilling, which means learning new skills to adapt to new roles, has always been a buzzword, but it will acquire new significance in 2023. With new workplace technologies entering the market, companies must find new ways to build workplace capability. Business leaders constantly need to get employees to learn and adapt to new technologies and software with steep learning curves. Many traditional roles and jobs can now be automated, which means that with outdated jobs come new opportunities. 2023 will be all about adaptive and intelligent L&D platforms that personalize training.
2. The growth of video-based microlearning
Employees need to learn in such a way that it helps them apply their knowledge at the right moment, which drives performance. Nano or microlearning is a great way to deliver short, engaging, and condensed learning in snappy formats.
With microlearning, you can learn quickly and absorb material within ten to fifteen minutes, making learning more accessible and relevant. You can focus on specific concepts or skills. Video-based microlearning is the next big trend to watch out for in 2023 and is increasingly popular in the corporate sector because of its format and accessibility. Video-based microlearning also encourages continuous and accelerated learning and suits the modern-day learning habits of employees accustomed to accessing the content in different formats.
3. Behavioral data and learning analytics
Data and learning analytics will reach dizzying heights in 2023. With data-centric learning, you can collect performance data, assess the quality of training material, and help trainers design specialized and personalized lessons for this generation of talented and contemporary learners. Measuring success more broadly can improve your skills agenda and evaluate your learning environment.
In 2023, organizations will focus on metrics to improve the effectiveness of L&D programs like never before. They will gather data about performances, promotion rates, sales figures, employee learning styles, and attrition scores. Learning analytics also measures the ROI of the learning programs and whether they align with the company’s business goals. Opt for L&D platforms that offer real-time visibility and insights on employees and their learning trajectories.
4. Personalized learning
Personalization is the future of L&D. Organizations have different kinds of employees and building differentiated learning pathways is gaining enormous importance in the L&D space. Personalized and adaptive learning refers to creating programs specifically for different learners and their skill gaps, also delivered in a format that resonates well with the individual.
In 2023, L&D departments need to leverage content services and instructional and L&D platforms altogether to enable personalized pathways for learners. AI and ML will play a role in recommendations that increase the chance of relevant content and increase learner engagement. Personalization in the content will be a game changer in 2023 because it can provide learning experiences for employees based on the specific challenges and skill gaps they face and also according to their age and learning profile. Companies can use technology to scale personalized learning solutions and reap the benefits.
5. Immersive learning and gamification
With learners opting for multiple devices and immersive learning, the use of Augmented Reality (AR), Virtual Reality (VR), Mixed Reality (MR), and Extended Reality technologies in organizational training will gain huge popularity in 2023. From AR training that teaches employees about new machinery to walkthroughs and soft skills training, AR and VR technologies enhance learning and have built-in tracking, analytics, and real-time data that measure learning progress and ROI.
Gamification is another exciting trend for 2023 in the learning and development space. L&D solutions have exciting frameworks and gaming ecosystems where employees can learn, level up, play off each other, and win virtual rewards.
6. Opportunity marketplace
An area of great promise is the opportunity marketplace. Consider this. Contract work has increased tremendously over the last few years. In 2023, companies must leverage L&D solutions that turn their contract workforces into assets that drive their business.
L&D trends are now moving towards meaningful learning and career development. Companies that encourage internal talent mobility will thrive. Learning and development platforms offering easy and intelligent competency mapping and dashboards and giving recommendations for courses, mentorship, and development opportunities will retain the best talent.
7. Mobile learning
With the rise in on-demand training, learning professionals prefer mobile devices to engage with learning material. Mobile technologies and devices enable mobile learning or m-learning. Learning in the workflow or on the job is now an important transition point in the L&D industry. It focuses on continuous skill building and development. Plus, it makes it easier to access course materials from anywhere, learn at one’s own pace and comfort, and accelerate skill development seamlessly.
How Can An L&D Platform Help Embrace The Upcoming Trends?
The trends and developments that shape L&D in 2023 will solve the shortfall of skilled workers and the problem of skills mismatch. But how can companies embrace these trends to future-proof their workforce?
L&D platforms can help companies leverage upcoming learning trends by facilitating personalized learning paths, using effective feedback mechanisms, and measuring performance proactively to check how employees engage with their content.
What is an L&D platform, and why is it a key competitive differentiator? Learning and Development (L&D) platforms use technologies like AI and ML to deliver personalized training experiences to learners. They help companies create, implement, and run exciting and impactful learning and development programs from a single, centralized interface. An L&D platform leverages all the above game-changing trends to do something critical – it does not simply offer learning provisions but also drives performance and profits.
How Skill Lake Makes An Apt L&D Platform For Your Company!
With employees moving from static to dynamic and high-performing roles in the coming years, the quality of an L&D platform determines a company’s success in the future. We are moving into an era of unprecedented digital transformation, which requires a continuous training culture to help companies evolve their business functions and power their way ahead. If you want your company to keep up with the ongoing technological disruption and the ever-changing nature of work, you need an enterprise-wide L&D platform to address the skills gap and use learning analytics to drive performance.
Skill Lake’s powerful L&D software can help companies make the most of L&D trends for the future and implement these trends seamlessly in their business processes. With unique features, Skill Lake can help your company manage the A to Z of employee learning and development in one place!
- Personalized Learning Paths
- Dual Learning Modes
- LMS Mobile App
- Competency Mapping
- Course Library
- Gamified Learning
- Competency Mapping
- Multi-Cloud Hosting
Employees who learn through alignment with business goals increase productivity multifold. Skill Lake facilitates top strategies with its power-packed analytics and multiple learning modes. It helps companies tailor their training to resolve business challenges, achieve ROI, drive profit, and elevate the employee experience.
The growing skill gap in companies is a serious challenge in the coming years. Skill Lake’s adaptive and budget-friendly corporate training platform can meet your company’s growing talent and development needs, helping you elbow your way past competitors.
Build a culture of continuous learning with Skill Lake’s state-of-the-art people development platform. Give your employees professional training to help them excel in their job roles and propel your business to greater efficiency and success.Start Today