Creating a Culture of Learning & Growth
According to Harvard Business Review, creating a learning and growth culture within an organization is a powerful way to produce higher profits, and foster continuous progress and innovation, and reduce employee turnover. Here are some key aspects:
Source: ClearCo.
Growth Mindset: Encourage employees to adopt a growth mindset, which is the belief that abilities can be developed through dedication and hard work.
Continuous Learning: Provide continuous learning opportunities to help employees develop their skills and knowledge for theirs and the company’s growth.
Leadership Support: Ensure that leaders within the organization actively support learning initiatives and model a commitment to personal growth.
Feedback and Failure: Create an environment where feedback is welcomed and learning from failure is seen as a valuable part of the growth process.
Collaborative Environment: Foster a collaborative and inclusive environment where employees feel safe to share ideas, setbacks and learn from each other.
By focusing on these elements, organizations can create a dynamic and resilient culture that not only drives performance but also nurtures the personal and professional growth of its people.
Look at the Facts & Stats on Companies who have created a Learning & Growth Culture . . .
Profitability
23% Higher Profits
52% More Productive
17% More Profitability
20% Increased Employee Performance
Increased Innovative Processes & Cuts Waste
Improves Processes & Decreases Learning Errors
Workplace Satisfaction
84% of workers agreed that a Learning & Growth Culture leads to a BETTER WORKPLACE CULTURE
94% said they would stay with their current company if they invested in their DEVELOPMENT
69% of millennials are concerned that the workplace does not develop their LEADERSHIP SKILLS (Gallup)
86% of current workers would change jobs for a chance to GROW AND DEVELOP
Employee and Talent Retention
34% HIGHER RETENTION rate for employees that have an opportunity for professional growth through ongoing learning
74% of employees said they LACKED DEVELOPMENT opportunities—hindering them from reaching their full potential