Learning and Development initiatives increase employers’ confidence in productivity gains: A Report

According to the survey, 67% of respondents reported a 20% increase in sales as a result of L&D programmes.

Learning and Development initiatives increase employers’ confidence in productivity gains: A Report

TeamLease EdTech, India’s leading provider of learning solutions, has published a report titled “Return on Corporate Learning Investments.” Many important findings on corporate learning and development programmes – investment vs. ROI – are highlighted in the report.

The report provides a detailed analysis of the ROI of Corporate L&D Investments, which are becoming increasingly important in assisting businesses to navigate the rapidly changing economic and technological landscape.

The following are some of the report’s key findings:

42% of respondents believe that training increases productivity significantly, up to 40%.
Around 25% of employers believe that productivity gains in time value range from 11% to 20%.
For existing employees, 29% of employers believe that post-training productivity gains are advanced by 31% -40% in time value.
Following their training, new employees reported saving up to 80% of their time while meeting productivity standards.
42% of respondents reported a significant improvement in employee performance.
Only one in every nine respondents believes that training does not improve new employee productivity.
A significant 73% stated that existing employees take 11% – 40% less time performing routine tasks immediately following productivity training.
The immediate results of Corporate are “improvement in sales and employee retention.”
44% and 33% of employers, respectively, reported training.
“Improved Quality of Delivery” and “New Project/Client Win” are almost equally rated by 24% and 22% of respondents, respectively (employers).
14 of the 25 respondents believe that good learning programmes can reduce attrition by 10 to 30% or more.

The increase in employee productivity can be used to calculate the ROI of any Learning & Development activities. 42% of respondents believe productivity increases up to 10%, while 37% of employers believe productivity gains range from 10% to 20%.

The survey results have also disclosed that Investments in Corporate Learning significantly positively impact the overall profitability of any business operation – lower attrition, better sales, high customer retention, and employee engagement, to name a few.

On the report release, Founder & CEO TeamLease EdTech, Shantanu Rooj, said, “In a highly dynamic business environment, corporate L&D programs have evolved as a critical strategic initiative rather than an employee engagement activity.

If done correctly, investments in corporate learning can have a significant impact on any organization’s sales, revenue, and even customer retention. However, understanding the employee’s needs and developing a programme with clearly defined objectives are critical “.

TeamLease Edtech President & Co-Founder Neeti Sharma added, “Learning and development are critical in any organization to ensuring that employee priorities and performance align with organizational goals, and organizations must also adapt to employees’ changing expectations and needs.

This report aims to quantify the ROI of L&D programmes for both employees and employers. Though it is obvious that well-planned training programmes deliver results and give organizations a competitive advantage through increased productivity, higher retention, building a better people supply chain, and effectively reducing turnover,