Corporate Learning and Development 2024 in Numbers

Purpose of the Research

• Understand trends and challenges in corporate training.
• Includes a survey of 2,000 professionals from over 15 industries.
• Focus on building effective corporate e-learning solutions.

Training Hours and Investment

• Investment in employee learning to reach $325 billion by 2025.
• Average training hours per employee is increasing.
• Formal and informal learning hours are tracked; 10% of organizations don't measure learning hours.

Training Delivery Methods

• Blended Learning: Preferred by 42% of L&D professionals.
• Instructor-Led Training: Preferred by 32%.
• Learning Management Systems (LMS): Used by 70% for structured and organized training delivery.
• Importance of LMS for adding content, reporting, evaluation, and engagement.

Preferred Online Learning Features

• Importance of user-friendly LMS with necessary features and technologies.
• Gamification: Employed by 70% to enhance motivation and performance tracking.
• Audio/Video Conferencing: Used by 85% for integrating tools like Zoom and Adobe Connect.

Social Learning and Interaction

• Uses collaboration, observation, and interaction.
• Requires virtual communities for knowledge and idea sharing.

eLearning Data Analytics

• Essential for informed L&D decisions and quality education.
• 62% of respondents plan to use eLearning analytics.

Mobile Learning

• 65% plan to leverage mobile learning for accessible and dynamic content delivery.

Trends and Expectations

• New Features Expected: AR/VR simulations, certifications, customization with LMS.
• Challenges: Widening scope of challenges in corporate training.
• Trends for 2020: Performance-based evaluations, AR/VR, mobile learning, gamification.

Conclusion

• Adapt to rapid changes in L&D for effective training programs.
• Enhancing employee productivity and meeting business goals.
• Consider software outsourcing for efficient course development and implementation.