In this chaotic, unpredictable labor market, one thing remains certain: Learning and development is critical to any chance of continued success. Companies that have lost employees to resignations or layoffs will need to rely on the skills of their remaining employees. And thriving companies need to do everything they can to support the development of employees they want to keep.
Career development is so important that a recent McKinsey & Company reportfound the top reason workers quit their jobs was a lack of career development and advancement. This came in well ahead of other reasons people chose to quit, including lack of meaningful work or workplace flexibility.
To help employees reach their full potential, L&D teams need to constantly evolve and grow. But what does that look like for the year ahead? We asked five L&D thought leaders to weigh in and here are their predictions for 2023:
1. Training will increasingly occur in a virtual space
Virtual reality — once the purview of science fiction novels and Hollywood blockbusters — is now becoming, well, a reality for L&D. “I think we will see a greater uptake of VR, AR, and XR [extended reality] as the tools become more familiar, more advanced, and more commonly used,” says Cat Ward, vice president of employer mobilization at Jobs for the Future.
Already, Accenture trains its new recruits in the metaverse, and Walmart has used VR for several years to prepare workers for the crush of Black Friday and to assess employees’ skills for middle-management positions. Google, Amazon, and Target are using VR to advance their DEI trainings.
The technology is making such inroads that 46% of L&D professionals surveyed by CGS Inc. last year said they plan to adopt AR, VR, or MR (mixed reality) into learning, training, and collaboration programs — and 14% have already started.
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