Does Your Business Need a Chief Learning Officer?

This Business News Story Was Uncovered By Us From: https://www.under30ceo.com/does-your-business-need-a-chief-learning-officer/

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With the advent of the COVID-19 pandemic came a movement commonly referred to as the Great Resignation. Workers everywhere left their jobs for greener pastures, finding themselves unwilling to work for starvation wages. Or, they found themselves in toxic and exploitative working environments. But workers didn’t just quit because of low pay or poor working conditions — a lot of them quit because they had no opportunity for advancement. That’s where a chief learning officer comes in.

As many business owners will be quick to tell you, it costs a lot more in terms of time and money to hire and train a new employee than it does to retain an existing employee. From a financial standpoint, it often makes business sense to do everything you can to retain an employee.

Data has shown that companies with a strong learning environment retain their employees at a much higher rate than those without. And to foster and develop that strong learning environment, you could stand to benefit from having a chief learning officer on hand.

What a Chief Learning Officer Does

In short, a CLO is responsible for managing and facilitating employee growth and learning. It’s a CLO’s job to make sure your employees have all the skills and information needed to excel in their positions. Additionally, they make sure employees obtain the knowledge to help them move up in the company.

To do their job well, a CLO needs to be in alignment with your company’s values and direction. Since they’re in charge of developing employee skills, they are by proxy helping the company to develop as well — so it’s important to know what direction that is.

As part of their position, a chief learning officer will create a learning strategy that’s in line with your company’s goals. Then they assess your employees to not only see how they’re doing within their roles, but how best to develop their skills. The ultimate goal is to keep employees feeling engaged… Read More

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