Learning and development industry
- 2. WHAT IS LEARNING AND DEVELOPMENT Learning and Development aims to improve group and individual performance by increasing and honing skills and knowledge. It is designed to align group and individual goals and performance with the organisation’s overall vision and goals. Effective one’s can result in change in behaviour ,personality and way of thinking .
- 3. WHY LEARNING AND DEVELOPMENT IS REQUIRED ? Learning presents a prime opportunity to expand the knowledge base of all employees which help the organisations to increase their profits using one’s knowledge .
- 4. WHAT IS THE SCOPE OF LEARNING AND DEVELOPMENT PROFESSIONALS IN THE ORGANISATION ? It can result in a lots of changes like :-> o Impact on personality and performance o Employee Motivation o Leadership o Individual behaviour ,attitude and learning o Perception o Job design o Group behaviour ,power and politics o Management of conflict and stress
- 5. LEARNING & DEVELOPMENT MARKET SIZE AND FUTURE TRENDS The global L&D market was valued at $403 billion in 2017 The market is forecasted to grow at a CAGR of 4–5 percent to $446.1 billion between 2017 and 2020 The global learning and development market size is $367 billion, North America is a mature market, making up to 45 per cent of the L&D market. The growth potential of the LatinAmerica e-learning market is high.The e-learning trend is emerging fast in the APAC regions too. North America is expected to exhibit a significant growth in e- learning sector by 2023. Key suppliers of e-learning are Adobe, Blackboard, Articulate, City and Guilds Group, Desire2learn, Docebo, Edmodo, Educomp, Techsmith,Trivantis, Ispring In developing markets, currently, very few service providers are technically equipped to integrate theVR in e-learningfew service providers are technically equipped to integrate theVR in e-Learning
- 6. DIFFERENT TYPES OF LEARNING AND DEVELOPMENT PROJECTS AND ACTIVITIES Five Types of Projects and Activities :-> 1. CrossTraining- Cross training is training someone in another activity that is related to his/her current work. This is a good way to learn new skills, combat boredom, and increase an individual’s value and flexibility. 2. Formal Training- Formal training is a classroom type of learning that can be done “in- house” or externally (training centers, colleges, private vendors, etc.) 3. MatrixTeams-This is the formation of work groups, cross functional teams, problem solving teams, task forces, committees, and special project groups. The goal is to share information, knowledge, collaboration, and expertise. 4. Mentoring- Mentoring falls into two basic categories: formal and informal. A. Formal mentoring is based on an explicit agreement with specific goals and a structured process to achieve those goals. B. Informal mentoring has a looser structure where a more experience employee takes another “under his or her wing.” The mentor provides the protégé with advice, insight, and support. 5. On-the-Job Training- Here the employee is working as he/she learns a job. We only get about 25% of what we use in our jobs through formal learning. The other 75% of learning happens as we creatively adopt and adapt to ever changing circumstances.
- 7. SCOPE & BENEFITS OF L AND D IN TECHNOLOGY DOMAIN 1) Positive employee retention:-> Hiring and retention can become a major challenge to employers, however, this can be avoided through career development.Training programmes have become so centralised within businesses that it is often used as a competitive advantage when hiring.10 Offering programmes within employment contracts establish an employee’s sense of value within the company, and fosters loyalty and ultimately staff retention. 2)Training future leaders:->Targeting skills and employees for future leadership will help establish a business for growth and change.12 Acquiring leadership talent can start from the initial acquisition, or Human Resource professionals can select current employees as managerial candidates. 3) Increase workplace engagement:-> Boredom in the workplace can create feelings of dissatisfaction and negative working habits.15 Regular development initiatives can prevent workplace idleness. Having frequent training programmes will also establish regular re-evaluation – of employees, skills, and processes.Training and development will also influence company culture by instilling an emphasis on planning
- 8. MARKET SIZE & FUTURE TRENDS OF LEARNING & DEVELOPMENT IN TECH DOMAIN According to training market research, content design and delivery cost, project management cost, technology cost are the key components of cost. The growth potential of the Latin America e-learning market is high.The e-learning trend is emerging fast in the APAC regions too. North America is expected to exhibit a significant growth in e-learning sector by 2023.
- 9. MAJOR PLAYER IN TECHNOLOGY LEARNING & DEVELOPMENT DOMAIN The global e-Learning industry is replete with ed-tech products and cutting edge solution providers.The stakeholders include device manufacturers, software providers, publishing firms, online retailers, and ICT infrastructure providers . All of these are pushing the smart education agenda, while being extremely profitable. So profitable, in fact, that our report on the smart education market expects the industry to grow by over $72 billion by 2022.
- 10. 1. Blackboard :-> Blackboard, an ed-tech company with corporate headquarters inWashington D.C, made its name by enhancing the experience of educators with pragmatic online platforms beyond the four walls of the classroom. 2. Cisco Systems :-> Cisco is a leading smart education company and was founded three decades ago in a college campus.These roots in education have undoubtedly supported Cisco’s ongoing commitment to learning and innovation which is today central to its culture. 3. Pearson :-> Pearson, a British multinational conglomerate, is the world’s largest educational publisher and a leading player in the digital curriculum. 4. Samsung:-> Samsung Electronics has been inspiring the world with transformative ideas and technologies that have redefined the domains of smartphones, printers, medical equipment, network systems,TV, wearable technology, etc MAJOR PLAYER IN TECHNOLOGY LEARNING & DEVELOPMENT DOMAIN
- 11. DIFFERENT TYPES OF SERVICES OFFERED IN TECHNOLOGY LEARNING & DEVELOPMENT DOMAIN •Training and development services can be classified under the following types :-> • HR training- HR training service providers offer development and learning for all aspects of human capital development, including HR training, HR training courses, human resources training, employee training, employee training and development. • Online learning solutions- Learning professionals often look for the best e learning training development and HR learning and development software. • Executive education- Executive education includes services for grooming the leadership of an organization and includes leadership development programs and executive education. What is the best executive education in India is a question of the service provider’s ability to act as advisors. • Skilling and vocational services- Enterprises often look for services for soft skills training, skill development training, vocational training, teamwork skills, and personality development.
- 12. RADIANT TECHLEARNING RadiantTechLearning offers a variety of training courses for software developers, IT technology professionals.Top 3 technologies in 2020 by radiant technologies are :-> 1. Artificial Inteligence :-> Intelligence of machines similar to the intelligence of human beings . 2. Internet OfThings :-> It is a technology that helps the other technologies to achieve accuracy & complete 100% capabilty. 3. Cloud Computing :-> It is the delievry of different services through internet.
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