Maximize learning ROI with a skills-based approach

As the work landscape becomes increasingly dynamic, organizations must keep their employees' skills up-to-date to meet new challenges, intensifying the focus on L&D initiatives. Traditional L&D methods often miss the mark by not considering employees' skills, potential, career aspirations, and organizational goals. This highlights the need to boost learning ROI through a skills-based approach.

And that's not all—talent agility emerges as a pivotal factor for organizational success. Agile teams possess the ability to swiftly adapt to market shifts, seize emerging opportunities, and sustain a competitive advantage.

This being said, how can you support continuous development and agility with the most effective learning and development initiatives? Welcome to the latest edition of the People Leaders Newsletter, where we delve into the powerful intersection of learning ROI and talent agility.

Read our newsletter now and explore the transformative power of a skilled, adaptable workforce. Enjoy the reading! ??

?? Picked From Our Library

Maximize learning ROI with a skills-based talent management platform

Discover how skills-based talent management platforms offer complete visibility into employee skills and gaps, highlighting personalized learning and development opportunities that align with each employee's unique skills, potential, and interests.

Keep reading more on our blog

Adapt or Fall Behind: Embracing Talent Agility

How can businesses ensure they stay ahead in today's world? Embrace talent agility. Explore approaches like skills-based talent management, internal mobility, and investing in talent marketplaces to foster agility and strengthen organizational resilience.

Find out more on our blog

?? Tips from HR Superstars

In this edition, we've found insightful Katie Burke's post, in which she highlights the shift towards skills-based learning, emphasizing practical skill development over traditional knowledge. It discusses the rising demand for reskilling driven by rapid technological advancements and skills gaps in organizations.

Katie Burke is the Employee Experience Manager at In-Q-Tel (IQT) , bringing expertise in enhancing employee journeys through culture initiatives, learning and development, wellness, DEIA, and performance management. She combines empathy with efficiency to foster inclusive environments and drive organizational effectiveness.

?? Hand-picked Articles We Loved

Harvard Business Review: Evaluating ROI on Your Company’s Learning and Development Initiatives

Discover how to measure the true impact of your company's learning and development efforts. Gain valuable insights into measuring ROI that extend beyond conventional metrics, empowering organizations to align training efforts with strategic goals, drive measurable business impact, and cultivate ongoing employee development effectively.

Find out more on HBR.org

AIHR: 3 Ways to Measure Training ROI + Useful Tips

Core competencies represent the unique strengths, capabilities, and expertise that set an organization apart from its competitors. They encapsulate the collective knowledge, skills, and resources that drive value creation and sustainable growth. Whether it's innovation, customer service, or operational efficiency, core competencies serve as the foundation upon which companies build their competitive advantage.

Explore the full article on AIHR.com

Upwork: Business Agility: What It Is and Why It Matters

Delves into the critical importance of business agility and its role in enabling organizations to adapt and excel in dynamic environments. Key strategies highlighted include remote work adoption and leveraging freelancers to enhance flexibility, innovation, and responsiveness. Learn how these tactics help businesses meet customer demands and maintain competitiveness.

Explore the full article on Upwork's blog

Forbes: How Workforce Agility Can Help Retention—Even In A Recession

Ever wondered how some companies retain top talent even when the economy takes a nosedive? Workforce agility can significantly bolster employee retention, even during economic downturns. By emphasizing flexibility, upskilling, and adaptive strategies, organizations can create a resilient workforce that remains engaged and loyal amidst challenging economic conditions.

Learn more on Forbes.com

???In the Spotlight

We are thrilled to announce that Nestor has been honored as an EMEA Technology Fast 500 winner by Deloitte. ??

This recognition places us among the fastest-growing technology companies across Europe, the Middle East, and Africa. The Deloitte Technology Fast 500 program celebrates visionary companies that are redefining industries and driving future innovation.?

Picture an ecosystem where workforce agility seamlessly integrates with organizational strategy, ensuring every talent is recognized and empowered. At Nestor, we realize this vision through our advanced skills-based platform, enabling leaders to harness team potential with over 20,000 skills and AI-driven insights.

We extend our heartfelt gratitude to 德勤 for this remarkable recognition. Here’s to continued growth and shared success! ??

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