why do companies invest into learning and development?

Why do companies invest intoLearning & Development & OD

VATSAL SHAH - CONSULTANT & MENTOR, PRAGMATIC CONSULTANCY 2

Current Scenario

http://www.manpowergroup.com/talent-shortage-2016


Current Scenario

http://www.manpowergroup.com/talent-shortage-2016

Roles Employers Find Hardest to Fill

Top Ten roles employers struggle to fill. For the 5th consecutive

year, Skilled Trades positions are the hardest to fill globally in

2016; IT Staff roles jumped 7 places to 2nd position


Current ScenarioAs per recent newspaper article,

1. India is on 30th rank in scarcity of skilled man power out of 43 countries

2. 36% of companies in India is moulding employees by giving training

3. After 2009 global economical downturn, 50% of companies giving training to employees, 36% considered lack of skilled manpower as major issue

4. Globally 40% - 48% companies are struggling with lack of man power


12 positions which are in scarcity in INDIA

1. Skilled Manpower

2. IT Professionals

3. Sales Staff

4. Engineers

5. Technicians

6. Driver

7. Account & Finance Executives

8. Corporate Management Professionals

9. Production Operators

10. Machine Operators

11. Mentors / Advisors

12. Receptionist


Solution - Sharpening skills…


Important points regarding L & D / OD Let people excel in the areas they want, organizations can facilitate and not force

All cannot be leaders, some are individual artisan

Offering right training to right candidate motivates them, reduces attrition, improves

productivity & organizational loyalty

Succession planning of people who are not learning is must

If organization stops learning, it stops evolving

Connecting OD with organization goals


Thanks

Vatsal ShahFounder, Sr. Consultant & Trainer

(Business Strategy, BPR, Marketing & Sales, E-Commerce

& Retail, HR, Automation)

Pragmatic Consultancy | +99 240 68585