These days, businesses are in a deep need for someone who could create an effectual learning strategy, transform the company into a learning organization that gives birth to new ideas. They need a person to infuse knowledge into the minds of the employees, encourage and enable them to make business revolutions. And, this has given rise to the immensely important position called – Chief Learning Officer (CLO).
More & more companies have come to realize the significant of human capital management since it has a major effect on how much revenues a business makes. As they say, an organization is only as great as the people working for it. As per various experts, nowadays, learning does not only enable the development of the employees but also foster organizational change.
As per a report by Deloitte, a CLOs are taking up crucial business roles. They carry the responsibility of ensuring employee development and brining critical changes. A Chief Learning Officer wears several hats which are – Chief Leadership Officer, Chief Capability Officer, Chief Culture Officer along with Chief Talent Officer.
Learning is a salient part of a company since it plays a big role in how well a business does in the market. After all, humans are the biggest asset any organization has. Here are a few reasons why learning and Chief Learning Officer responsibilities are necessary of a company’s growth.
1. Learning solves business problems
Though many times, training is considered as an ‘extra-activity’ which is nice to have sometimes. However, in reality, this function is overly essential that leads to systematic solutions to business issues. The training department fulfills the duty of solving business problems. They develop strategic learning plans which are customized to a specific business problem. Training functions, if designed well, can reverse the descending path of the company’s issues.
2. Learning delivers better results
When the needs and preferences of the workforce are given importance to, it has the power to cultivate higher profits. As per a study by the Association for Talent Development and the Institute for Corporate Productivity, companies that perform well have a tendency to keep a proper procedure that requires its leaders to have a look at the annual performance result and fabricate their future strategy for learning according to that. This enhances the value of the Chief Learning Officer responsibilities.
3. Learning foster business reforms
The skills and prowess that leaders possess have an affect over business results, nevertheless, it’s their personal knowledge that has an even more influence on how well an organization performs in the long run. According to a study conducted by Dana Landis and David Zes, analyst of Korn Ferry, there is a straight connection between a leader’s self-awareness & a company’s financial performance.
It is this profound association between an organization and its people, that a business has to depend on learning in order to achieve its overall goals with utmost efficacy.
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