Crucial. Critical. Essential. Pick a synonym and it applies to the importance of having stakeholders backing for learning and development programs.
Stakeholder influence can determine the success or failure of a learning initiative. They have the power to align the program with organizational goals, foster employee engagement, and establish a culture that values continuous learning. Stakeholders are also instrumental in defining metrics for the learning initiative and their involvement can ensure progress and application are regularly monitored, and adjustments are made when needed.
Below is a set of guidelines we’ve developed to help clients establish standards and ensure stakeholder ownership:
Training Industry mirrors the above and adds that communicating often and ‘broadly,’ and staying flexible and agile will also help companies establish an efficient stakeholder management plan and facilitate the successful launch of a new learning initiative.
LinkedIn explores potential challenges that can come from stakeholder collaboration and ways to overcome them. It also shares examples of stakeholder support in practice.
Continuous Learning is Essential for Staying Competitive
In a rapidly changing business environment, continuous learning is essential for staying competitive. Stakeholder support for a new training initiative will foster a culture of adaptability and innovation and strengthen a company’s long-term competitiveness. Employees will be encouraged to implement the newly acquired skills and knowledge to keep up with industry trends. In turn, organizations that demonstrate a commitment to the professional growth of their employees will be more appealing to skilled individuals. 93% of employees have said that well-planned employee training programs positively affect their level of engagement. (Axonify)
Making this commitment to learning will allow companies to draw in new talent and retain their current workforce, which reinforces the fact that 68% of employees say training and development is the company’s most important policy. (Clear Company)
Contact us for more details on how to secure stakeholder buy-in for a new learning initiative and on the guidelines to follow.
