As 2015 kicks off, executives and HR practitioners are planning how to achieve this year’s revenue growth. While many are putting sales and marketing initiatives in place, fewer are focusing on leadership development and training.
“The start of every year sees companies preparing for – and implementing – their strategic initiatives for the next 12 months. People get back to work in January all fired up to hit the ground running. They are optimistic and enthusiastic, and while decision-makers are focusing on their goals for the year ahead, they are also considering how they are going to be able to attain them with the skills and budgets they have,” says Lize Monametsi, head of the game-based learning practice at specialist skills development house Aim.
She points out that many employers and hiring managers are increasingly realising that they simply cannot find the skills they need as a result of the skills shortage in South Africa and have to invest heavily in corporate training. Deloitte released a research study in May 2014 that demonstrates a surprising gap between what’s being said and what’s being done by business executives – a problem that derives mostly from the lack of focus in leadership development.
According to the Leadership Development Factbook 2014—Benchmarks and Trends in US Leadership Development, “Leadership remains the No. 1 talent issue facing organizations around the world, with 85% of companies in [the] survey rating it as ‘urgent’ or ‘important’. But only 14% of companies say they do an excellent job developing global leaders — the largest readiness gap in [the] survey.”
Similarly, PWC’s 15th Annual Global CEO Survey found that “Increasing talent shortages are holding back or even derailing growth plans within many financial services businesses. These talent constraints and their consequences are set to increase.”
“Today’s workforce is more specialised than ever. Your most talented people in sales, manufacturing, engineering, and design are not in management – they are doing their jobs. The right learning approach can unleash these experts and put in place programmes to promote and reward even greater levels of expertise,” says Monametsi. “Today the world of corporate training has been revolutionised, in part by technology, and in part because the human side of business has become a growing factor in the success of leadership in businesses in every sector of the market.”
However, many companies have a hard time getting employees to attend corporate training. Workers are often reluctant because it means taking time away from the office and with corporate training budgets currently in recovery mode after the toll the recession took, many companies are looking to see the ROI before buying in to training.
New trends in skills development are helping to mitigate these challenges, offering more cost-effective solutions that allow for fast, effective, on-the-job training. “If you are worried about the time needed to train your workforce to be ready to meet your strategic goals in 2015, solutions such as game-based training offer greater flexibility and value than traditional approaches,” Monametsi explains.
Good game-based learning applications can draw learners into virtual environments that look and feel familiar and relevant. Within an effective game-based learning environment, such as Aim’s Navigator, learners work toward a goal, choosing actions and experiencing the consequences of those actions along the way. They make mistakes in a risk-free setting, and through experimentation, actively learn and practice the right way to do things.
“With The Navigator, executives and managers have an opportunity to witness the full impact of their business decisions in a real-time environment, but with the benefit of an undo button and without experiencing any real-life consequences,” Monametsi explains. “This is an ideal solution for fast, effective people development, with no need to take individuals out of the workplace. The Navigator is a short-term fix with long-term benefits to the individuals in the business as well as the business itself.”
