{"id":78547,"date":"2021-07-23T14:30:30","date_gmt":"2021-07-23T21:30:30","guid":{"rendered":"https:\/\/www.betterworks.com\/?p=78547"},"modified":"2022-11-21T23:48:24","modified_gmt":"2022-11-22T07:48:24","slug":"the-new-role-of-learning-development","status":"publish","type":"post","link":"https:\/\/www.betterworks.com\/magazine\/the-new-role-of-learning-development\/","title":{"rendered":"The New Role of Learning & Development"},"content":{"rendered":"\n\n[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.22″ da_disable_devices=”off|off|off” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row admin_label=”row” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”3.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”]\n

While the global workforce has steadily evolved over the past decade, the last 18 months have seen unprecedented changes in how we work, learn, and collaborate. Competing in a knowledge-based, digital economy has organizations continuously reevaluating and enhancing their capabilities. This in turn is elevating the role of their learning and development (L&D) departments. At the center of this shift are the Chief Learning Officers (CLOs).<\/span><\/p>\n

The fluid dynamics of business today have presented opportunities for CLOs to take on more proactive and strategic roles \u2013 elevating themselves from traditional trainers to future-focused executives who are reshaping their organizations\u2019 capabilities and cultures. This new breed of \u201cTransformer CLOs\u201d are positioning employees to succeed in their current roles while helping them adapt to the \u201cfuture of work\u201d \u2013 whatever that may look like at any given time. They are also making learning and development an integral part of their companies\u2019 strategic frameworks.<\/span><\/p>\n

According to a McKinsey survey<\/span><\/i><\/a> of executives, L&D leaders, and Chief Learning Officers, 60 percent of survey respondents plan to increase L&D spending over the next few years, and 66 percent want to boost the number of employee-training hours.<\/span><\/i><\/p>\n

Let\u2019s take a look at how L&D is driving business performance and delivering ROI.\u00a0<\/span><\/p>\n

Upskilling | Reskilling<\/strong><\/p>\n

Traditionally, L&D teams have helped employees build skills in order to become successful in their current roles. However, <\/span>McKinsey research<\/span><\/a> estimates that as many as 800 million jobs could be displaced by automation by 2030. Employee roles will continue to evolve, and a large subset of workers will need to learn new skills to remain employable.\u00a0<\/span><\/p>\n