Every year over $400billion is spent on corporate learning globally, yet only 15% is proven to stick. Investments in learning are continuing to grow year on year but performance impact is not changing. The industry is still struggling to provide real proof of impact, in fact, for the first time the Towards Maturity Index is tracking a significant decline. This is causing leaders to have low confidence levels in L&D.
The L&D profession is under pressure to transform and become future-fit in order to stay ahead of the demands of work and workers. The profession is finding it hard to influence and allow their expertise to gain traction, with 78% of L&D professionals saying that their leaders have traditional expectations of L&D that are difficult to challenge.
Today, over 98% of organisations are on a mission to transform the impact of their learning strategy and the majority of L&D leaders are focusing on accelerating digital because they believe it holds the key to help more people increase their performance.
Since launching our latest market insight, culture has been the most topical and provoked the more curiosity, yet, only 1 in 5 organisations manage to create a high performing learning culture today, and out of those that do, only 2 in 3 are successful in maintaining it. Although it seems only a few are able to sustain this level of success, it is definitely worth the effort, as learning cultures can result in 9x higher impact on engagement and performance.