The vast majority (80 percent) of learning takes place through on-the-job interactions with peers, experts, and managers, according to Bersin and Associates. Knowing the weight these first-hand informal experiences carry in employee development, training leaders need to invest more in tools that create those experiences.
But, instead, we’ve found organizations are spending too much money on the wrong initiatives. A whopping $164 billion was spent on formal training programs in 2012, according to ATD, and research suggests it won’t produce as much ROI as social learning could.
The infographic below — compiled by showd.me, an enterprise peer-to-peer learning platform — shares new trends impacting learning and development.
Some stats to note:
- 70 percent of people forget what they learn in formal training in just one week
- 76 percent of people say opportunities for growth was the top reason they stay in an organization
- 86 percent of employees are learning what they need to know for work by collaborating with others
- 52 percent of Americans say active participation through hands-on training is the best learning method.
Check out the full infographic below to discover how social learning can make a positive impact within your organization.
What do you think? How might social learning improve training at your organization?