More Than Money: Why Successful L&D Programs Require Real-Time Market Data

Karen Sackowitz
Reading Time: < 1 minute

In the United States, annual spend on corporate training averages $180 million. But research shows that only 12% of skills learned in those training programs are used on the job. As the skills gap continues to widen within the US workforce, how can enterprises better use learning and development budgets to help employees develop relevant, immediately beneficial skills? 

In a recent interview, our COO Isabelle Bichler-Eliasaf sat down with retrain.ai customer Maccabi Healthcare Services to talk about our work together. 

In this clip, Isabelle, along with Maccabi Organizational Development Manager Yael Rotem-Sher and Head of Learning and Development Ifat Alfasi, points out the need to move beyond merely budgeting for L&D; organizations need to connect the dots between current labor market trends and in-demand skills of the future in order to develop employees successfully.

 

 

retrain.ai is an AI-powered matching engine already prepped for the future. Structured first and foremost around Responsible AI, our solution connects the right talent to your open roles and career pathways by tapping into their skills, capabilities, and aspirations, making sure you reduce attrition and retain the right talent. To see it in action, request a demo.