Future of Work Glossary

TABLE OF CONTENT

Learning & Development (L&D)

Also seen as:

What is Learning & Development?

Learning & Development is your investment in making employees more valuable to you than to anyone else. It's the strategic approach to building skills, knowledge, and capabilities that drive both individual growth and business success.

Great L&D doesn't just train people—it transforms them into contributors you can't afford to lose.

Why L&D drives competitive advantage

In rapidly changing markets, yesterday's skills become obsolete quickly. Companies that invest in continuous learning adapt faster, innovate more effectively, and retain top talent who value growth opportunities.

L&D also demonstrates commitment to employee success, which increases engagement and reduces turnover among high performers.

Components of effective L&D programs

Skill development training Technical and soft skills training that addresses current role requirements and prepares employees for advancement.

Leadership development Programs that prepare high-potential employees for management roles and help current managers become more effective leaders.

Professional development opportunities Conference attendance, certification programs, and industry training that keeps employees current with best practices.

Cross-functional learning Opportunities to understand other departments and build broader business knowledge that increases employee value and flexibility.

Types of L&D approaches

Formal training programs Structured curricula with clear learning objectives, assessments, and completion requirements. Best for foundational knowledge and compliance training.

On-the-job learning Mentoring, job shadowing, stretch assignments, and project-based learning that builds skills through practical application.

Self-directed learning Individual study supported by learning budgets, online platforms, and time allocation for personal development.

Collaborative learning Peer teaching, study groups, and knowledge sharing sessions that leverage internal expertise and build team connections.

Building L&D that works

Align with business goals Focus learning investments on skills that directly contribute to strategic objectives and operational excellence.

Personalize development paths Different employees have different learning styles, career goals, and skill gaps. One-size-fits-all approaches rarely maximize impact.

Measure learning outcomes Track not just training completion but actual skill improvement and business impact. L&D should demonstrate ROI.

Create learning culture Make continuous learning part of performance expectations and company values. Recognize and reward employees who invest in growth.

The strategic value of L&D investment

Improved performance and productivity Employees with current skills and knowledge perform at higher levels and contribute more effectively to business results.

Increased employee retention Employees who receive development opportunities are 15% more likely to stay with their current employer long-term.

Enhanced innovation capability Continuous learning exposes employees to new ideas, technologies, and approaches that drive creative problem-solving.

Succession planning support L&D programs prepare internal candidates for advancement, reducing external hiring needs and improving leadership continuity.

L&D implementation strategies

Skills gap analysis Regular assessment of current capabilities versus business needs to prioritize learning investments effectively.

Learning technology platforms Online systems that deliver training, track progress, and provide flexible access to development resources.

External partnership development Relationships with universities, training providers, and industry organizations that expand learning opportunities.

Internal knowledge sharing programs Systems for capturing and sharing expertise among employees to maximize internal learning resources.

Example: A technology company creates personalized learning paths for each employee, provides $3,000 annual development budgets, and allocates 10% of work time for skill building. They also establish internal "lunch and learn" sessions where employees share new knowledge. Result: employee engagement increases 35%, internal promotions increase 50%, and the company successfully adapts to new market demands.