Why Companies are Investing in Learning and On-the-job Training

An increasing number of companies are realizing the pivotal role that investing in learning and on-the-job training plays in achieving strategic goals. This recognition aligns with a recent report from the World Economic Forum, which highlighted that a remarkable 81% of companies now view investing in learning as a fundamental strategy for realizing business objectives. This serves as a stark reminder of the growing emphasis on nurturing talent within organizations, especially the deskless workforce.

Within the same survey, however, a significant gap emerges.
Only 34% of these companies acknowledge the provision of reskilling and upskilling opportunities as a way to address talent shortages. This discrepancy suggests that while many organizations prioritize skill development, they may not grasp the potential of upskilling to bridge the talent gap.

Table showing how the majority of the companies are investing in learning and on the job training
Credit: World Economic forum

Data-Diving for investing in learning

Digging deeper into the data reveals specific industries at the forefront of embracing automation to overcome workforce challenges. Notably, sectors such as Automotive, Aerospace, and Advanced Manufacturing are actively pursuing automation solutions and investing in learning. Reflecting a broader trend in the business landscape where companies are turning to automation as a strategic move to mitigate the skills gap.

In the quest for transformation and growth, companies frequently identify skills gaps and talent availability as their primary barriers. Consequently, they are increasingly inclined to invest in training as a promising workforce strategy, complementing their automation initiatives. The understanding that a skilled deskless workforce is instrumental in driving innovation and sustaining competitiveness fuels this investment.

Interestingly, the survey unveils varying levels of confidence when it comes to workforce outlook in the next five years. While an impressive 77% of respondents expressed optimism about talent development within their existing deskless workforce, there is less regarding availability. It appears that companies are cautiously optimistic about their ability to develop their current deskless employees but harbor uncertainty about future talent needs. That’s where a robust, agile mobile training solution comes into play.

Intriguingly, over 70% of farming organizations in sectors like Agriculture, Forestry, and Fishing maintain a positive outlook on retaining talent. Their confidence in this sector can attribute to the unique nature of their deskless workforce and the perceived stability.

Considering these findings and investing in learning

It becomes evident that businesses seek effective ways to connect talent to employment opportunities, particularly in the deskless domain. Among the potential solutions, funding for skills training emerges as the most favored governmental intervention. This underscores the importance of public-private partnerships in addressing the talent gap and facilitating workforce development for deskless roles.

Furthermore, learning habits are evolving to make training more agile and adaptable, catering to the unique needs of deskless workers. This evolution aligns seamlessly with the shifting demands of the modern deskless workforce. It values continuous learning and adaptability as core competencies.

This is precisely where Enabley steps in. The Deskless-First Learning Solution is poised to drive transformative changes within your organization. We understand the evolving landscape of deskless workforces and offer tailored solutions to help you empower, upskill, and retain your deskless talent. It’s time to unlock the full potential of your deskless workforce and stay competitive in today’s evolving business environment.

Let’s discuss how Enabley can be your partner in this journey towards enhancing workforce excellence!

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