Companies will also focus greatly on “train the trainer” programs as newer skilling methods and modes get introduced into the market
The skill deficit is a challenge that Indian companies across sectors are facing and will continue to face in the coming months. While the government’s emphasis is on developing basic vocational skills to make the potential workforce employable, the employability of graduates and professionally trained candidates is also under question. Besides that, Indian companies are facing a leadership crisis at the middle management level. As a consequence of these trends, training and development budgets are expected to rise across all industries in the coming months.
Several opportunities exist for learning companies in the Indian market. As a result of the government’s focus, the vocational skill development market will likely see a lot of activity. In the organized corporate sector, demand from organizations will likely rise in the following areas:
Mid-management leadership development: The middle management crisis has been noticed across the industry and companies will invest a sizeable amount of effort in training the middle management. People development skills, ability to provide feedback, performance appraisal, communication, strategic thinking and the ability to think beyond functional to organizational thinking will be the core areas of focus for companies.
Trainer development: Companies will also focus greatly on “train the trainer” programs as newer skilling methods and modes get introduced into the market.
Interactive learning: RoI has been cited as one of the top metrics that business leaders will be tracking against each individual learning initiative. Interactive learning has shown to offer a higher recall value among participants, thereby indicating greater RoI. Whatever mode of delivery an organization chooses, programs will be designed keeping the aspect of interactivity in mind.
Coaching-style delivery: Across the globe, instructor-led training is still the most popular because of greater chance of interactivity. While a small percentage of companies are experimenting with effective digital training methods, instructor-led training will still continue to rule the market. Within instructor-led training, companies are focusing more on coaching style delivery of content so that engagement with individual modes are higher and sessions are more effective.
Focus on HiPo development: More and more Indian companies are taking up the high potential development issue more seriously owing to the fact that the war for talent is intensifying and high potential development programs are a great tool for retaining talent. The coming months will see a number of private as well as public sector organizations investing in high potential training and development.
Communication and interpersonal skill development: The investment in entry-level talent and frontline talent will increase across industries and investment in their soft skill development will likely increase. Customer orientation training and communication skills will constitute an essential part of the L&D plan in most companies.
Organizations are experimenting with several technological advancements to make their learning and development initiatives more effective. Among them, many companies are implementing the concept of gamification and simulation for their training initiatives. Simulation programs work best when there are several sessions of a module outlined across teams in multiple locations. Simulations replicate the real-world classroom environment, complete with white boards, chat capabilities and interactivity. Such highly interactive sessions have shown to provide greater RoI compared to traditional digital learning modules. The shape and nature of e-learning is thus likely to evolve in the coming months with the introduction of more interactive solutions.
Lastly, companies are keenly looking at ways to invest in training platforms for the highly mobile workforce. Mobile learning will become a very real alternative to traditional learning in the coming months. Some of the essential benefits of mobile learning is the capability for a participant to take it from anywhere and at any time, with very little infrastructure necessities. Well-d