Demand for new skills led to a 70% increase in average learning hours for frontline workers. While knowledge workers have invested more time consistently in upskilling since March 2020.
Currently, the market is filled with uncertainty and competition. Capability building is a great strategy to prepare your employees for the unforeseen future
Capability building, also referred to as capability development, is the process of developing and enhancing the skills, knowledge, and abilities of individuals or organizations. These enhancements allow your workforce to effectively perform tasks, achieve objectives, and adapt to changing circumstances.
Capability building involves the acquisition of new competencies, the improvement of existing skills, and the cultivation of a mindset that embraces continuous learning and improvement.
Competency and capability are related but distinct concepts in the context of employee skill development and performance.
Competency refers to the specific knowledge, skills, and attributes that an individual possesses to perform a particular role effectively. Competencies are often defined and categorized within organizations to set expectations for job roles and guide employee development. For example, communication skills, problem-solving abilities, or technical expertise can be considered competencies.
On the other hand, capability has a broader scope and encompasses the overall capacity and potential of individuals or organizations to perform a range of tasks and adapt to various challenges. Capabilities include not only the existing skills and knowledge but also the ability to acquire new competencies and respond to changing circumstances. It is a more encompassing concept that looks at the bigger picture of an individual’s or organization’s potential.
Employee engagement is undergoing a metamorphosis. Over the last five years, disruption based on digital technologies has been phenomenal and unprecedented. It is time to review and reboot your employee experience strategy.
Developing a continuous capability-building model involves creating a structured framework that promotes ongoing learning, skill development, innovation, and adaptation within your organization. Here are the most important steps you must take when developing a capability-building model:
You must start by understanding the long-term objectives and strategic priorities of your organization. Identify the key capabilities required to achieve those desired outcomes. This will provide a clear direction for your capability-building initiatives.
Assess the current skills (both hard skills and soft skills) and competencies of your workforce against the desired capabilities. Identify the areas where there are skill gaps or areas that need practice, change, or improvement. This analysis will help you prioritize the focus areas for your capability building program.
Based on the skills gap analysis, establish specific learning objectives for each capability. These objectives should be aligned with both your individual employee’s growth and the organizational goals.
Develop employee training programs to address the skill gaps. Ensure that each training program is designed to provide continuous learning for your employees and drive organizational change.
Offer a range of learning resources and insights to support continuous capability building. This may include access to relevant books, articles, online resources, and learning platforms, like an LXP. Create a supportive environment that encourages your employees to seek continuous improvement and knowledge, share best practices, and collaborate with their colleagues.
Learning is most effective when it is applied in practical situations. Provide your employees with opportunities to apply their newly acquired skills in real work scenarios. Encourage feedback and reflection on their performance (including feedback from leadership), and provide constructive guidance for additional improvement.
Develop metrics and evaluation criteria to assess the effectiveness of your capability building model. Track the progress of your individual employees and the overall impact on organizational performance. This will allow you to effectively identify areas of transformation and areas that need further improvement.
You must cultivate a culture that values continuous learning and development for every employee. To effectively build a strong culture and positive mindsets, your managers and leaders must lead by example and actively participate in capability building initiatives. You must also recognize and reward employees who demonstrate a commitment to learning and skill development.
The very concept of the Learning Management System was giving learning a digital makeover — learning that was more engaging, more pull-based, more retention-focused, and convenient in the form of self-paced content. Until late, the LMS was a cornerstone in corporate training & employee learning agility. These platforms were hugely successful in equipping employees with their necessary skills, but soon reached a point of saturation.
Organizations felt a need to go beyond the LMS, and in came Learning Experience Platforms — with new features such as MOOC integrations, Open content from the web, On-demand learning, and AI Content recommendations.
At this stage, the employee development & corporate learning market is big. But the most successful companies in this segment are those that have taken a leap one notch higher — toward the Learning Experience platform.
The future of corporate workplaces is one such integrated capability-building platform that delivers constant employee experiences from hire to retire.
Sri is a seasoned leader with a rich and diverse career spanning over a decade across IT, E-learning, L&D, and Fintech. His forte lies in consultative selling, consistently exceeding sales targets, expanding market presence across various geographies, and cultivating strategic partnerships. With a remarkable track record of launching Disprz in the USA, Europe & APAC markets, Sri is currently driving the company's growth and expansion in USA, dedicated to empowering organizations with innovative, performance-enhancing learning solutions.
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