Virtual employee learning can play a key role in helping organizations engage employees, enhance workplace productivity and efficiency, and become more agile. According to LinkedIn's 2022 Workplace Learning Report, 87% of executives agree learning and development had some to a great deal of involvement in helping their organizations adapt to change. Research cited in the report indicates that employees feel having opportunities to learn and grow is the No. 1 factor that defines an exceptional workplace environment.
Organizations that foster a great work culture are also more likely to excel at internal mobility—and they retain employees for nearly twice as long (an average of 5.4 years) as those that don't (2.9 years). With better employee retention, organizations can retain crucial institutional knowledge, remain productive and save money they would otherwise have to spend hiring new employees.
Increasingly, organizations are focusing their learning and development initiatives on upskilling employees or digitally upskilling them to enable digital transformation initiatives. Almost half (46%) of respondents to LinkedIn's survey indicated they planned to focus on upskilling and reskilling employees, while 26% noted that they expected to zero in on digital upskilling and digital transformation.
Virtual employee learning could also help address executives' concerns about potential skills gaps within their organizations. For example, 49% of learning and development professionals said executives are concerned that employees don't have the right skills to execute business strategy—a problem which, left unaddressed, could directly impact workplace productivity and efficiency.