While the global pandemic has disrupted almost every industry, organizations continue to value and invest in talent development through workforce education. This is despite the economic, health and social impacts of 2020.
Workforce education remains a top priority for compelling reasons, as shown in our August survey of more than 500 U.S. business decision-makers, who work at companies that generated at least $250 million in 2019 annual revenue.
The InStride study highlights the significant benefits of talent development and workforce education including:
- Growth and competitive advantages: 96 percent of business leaders agreed that workforce education programs can help drive business growth and deliver a long-term competitive advantage.
- Diversity, equity and inclusion: When it comes to meaningfully achieving company diversity and inclusion goals, 92 percent agree a strategic workforce education program helps an organization.
However, a majority of decision-makers also noted that their organizations’ skills gaps have widened since the COVID-19 pandemic began and that traditional education programs are not reaching enough people to foster talent development and close this gap.
Data shows that to truly advance their talent and business, leaders agree they need to take a strategic approach with a mix of learning options when it comes to workforce education.
To learn more, check out the infographic and survey results that show why forward-looking business leaders are already investing in talent development and realizing the value of strategic workforce education in today’s reality.
Ready to learn more about how education can positively impact your business? Check out our guide on how to promote diversity, equity and inclusion in the workplace through education.