As technology, hybrid practices and competition for talent come to the fore in a changing work environment, many enterprises have embraced lifelong learning as part of building resilience. With roles constantly reshaped by industry demands and technological innovations, leaders must ensure that they, as well as their employees, can adapt and respond to these changes by gaining new skills to thrive.
One path enterprises are taking is to strengthen employability. This could mean transitioning workers to another role within the enterprise either through career advancements or lateral movements to diversify their experience.
To do that, enterprises shell out significant sums for learning and development (L&D). In 2019, the world spent a whopping US$370 billion on L&D, the same amount the United States is spending to tackle climate change.
