September 10, 2014
Knowledge may be power, but according to Workforce 2020, a recent study from Oxford Economics and SAP SE, the majority of global companies are not doing enough to develop it.
Nearly 80% of employees have not received company-sponsored skills training in the past five years. To help close the skills gap, SAP today announced an “expanded vision” for its SuccessFactors Learning, which includes the release of quick guides and programs capabilities, and partnerships with Coursera, lynda.com, OpenHPI, and Udacity, which is said will help organizations “create a culture of continuous learning.”
The announcement was made at SuccessConnect 2014, being held this week in Las Vegas, Nev.
“Organizations often fail to recognize learning as a critical factor in corporate success,” said Mike Ettling, president, HR Line of Business, SAP/SuccessFactors. “When learning is neglected, employees are ill-equipped to meet future demands.
“Employees want to develop new skills and executives want to fill talent gaps from within,” said Jenny Dearborn, chief learning officer, SAP. “But despite best intentions, there is a gap between what companies and employees want and what’s actually being delivered.”
According to SAP, the most effective learning initiatives are employee-driven and self-sustaining, where employees are empowered and equipped to be both lifelong students and teachers.