Corporate training, often regarded as a dull and avoided process for employees to learn new skills, is undergoing a vibrant paradigm shift. Valued at $367.6 billion in 2019 globally, as technological innovations ebb and flow new job markets, new skills are required to be learned by existing employees, but for the most part, they’re never learned well enough.
A variety of training and mentorship delivery programs for the workplace exist today, from instructor led courses to online MOOCs, audio based podcasts and virtual reality. And while existing practices do attempt to equip their employees, it’s often a highly inefficient process, much less effective. In fact, according to the Ebbinghaus’ Forgetting Curve, 90% of learning will be lost within one week of training if the skills and knowledge are not reinforced or applied directly to the job. The best training is imbued through on-the-job experience.
