Eighty percent of learning takes place through on-the-job interactions with peers, experts, and managers, according to Bersin and Associates. This type of informal learning, referred to as social learning, is key in driving employee development and engagement across an organization.
In fact, 86 percent of employees say they learn what they need to know for work by collaborating with others, according to River Software’s 2014 study. Yet, organizations still spend too much money on formal training — for instance, a whopping $164 billion in 2012, according to ATD.
The infographic we compiled below shares why managers should take a step back from formal training to focus their efforts on social learning.
Some stats to note:
- 70 percent of people forget what they learn in formal training in just one week
- 52 percent of Americans say active participation through hands-on training is the best learning method
- 66 percent of people don’t see opportunities for professional growth in their organization
- 76 percent of people say opportunities for growth was the top reason they stay in an organization
Check out the full infographic below to discover how social learning can make a positive impact within your organization.
What do you think? How might social learning improve training at your organization?