In today’s rapidly changing economic landscape, companies are facing various challenges as they navigate risk management decisions. To address these challenges, organizations are increasingly relying on their L&D teams to be flexible and agile in their approach to adapt to change. This is where managed learning services come in, offering a solution to reduce the risks associated with transitions.
According to the 2021 Global Risk Management Study,77% of financial services risk leaders believe that new, interconnected risks are emerging at a faster pace. To effectively manage these risks, managed learning services should cover four critical areas: agility, positioning L&D as a driver of change, futureproofing, and transforming workforce skills. A reputable managed learning services provider must use the right tools and processes to execute an outcomes-aligned strategy that drives innovation, reduces costs, and provides a competitive edge.
Managed learning services can help mitigate the following transition risks:
- Loss of Productivity: To ensure a smooth transition, a managed learning services provider should identify any potential risks that could impact business productivity and implement a succession plan.
- Loss of Key Talent: During a transition, some employees may require additional skills and expertise to fit into the new culture. To minimize disruption, it’s important to identify and retain key talent.
- Loss of Revenue: Disruptions in product or service delivery during the integration phase can result in lost revenue. A well-planned managed learning program can help mitigate these risks.
Managed learning services can offer several benefits to reduce these risks, including:
Consistent Training & Development Opportunities: By providing a range of enriching training and development opportunities, managed learning services can help organizations cultivate a culture of agility and resilience.
Knowledgeable Workforce: Managed learning programs can help employees stay focused on the vision for change and make informed decisions.
Addressing Skill Gaps: Performance tracking tools, such as assessments and KPIs, can help identify skill gaps and reduce the risk of errors or mistakes.
Access to Learning Resources: Managed learning programs can provide employees with access to a variety of learning resources and opportunities, keeping them updated on the latest industry trends and technological developments.
Continuous Learning Culture: By fostering a continuous learning culture, managed learning services can boost organizational performance and reduce the risk of disruption.
In conclusion, MLS plays a crucial role in helping organizations manage the risks associated with changes in the business environment. With the right managed learning services provider, organizations can effectively mitigate risks related to talent, profits, infrastructure, and productivity.
Infopro Learning, for example, offers a customized risk management framework tailored to clients’ specific needs and operations. Contact us today to learn more about how we can help your organization succeed and remain resilient.