Executives across the globe are facing uncertain times in 2020, but many are critical for the survival of essential businesses. Non-essential businesses that are moving towards online shopping, ordering, and communication also need executives that have the ability to adapt and devise new processes to help companies stay afloat this year.
Here are the leading trends in executive training programs for 2020 and how you can get access to on-demand training that works for you when you need it, where you need it.
Gone are the days of compartmentalized training, where executives would attend a half or whole-day training solely dedicated to packing as much information into the learner’s mind as possible during the time allotted. This method has been proven to be less effective than other training methods.
The rise of microlearning is taking a sharp upturn, and companies are utilizing this training technique for their staff members, executives in particular. Microlearning is defined as any type of learning and development that occurs in small sessions versus large blocks of time dedicated to traditional learning.
Microlearning can be easily incorporated into on-the-job training, meaning that working and learning simultaneously is something executives will see much more of this year.
Video training is becoming more popular this year as the usage of technology for telecommuting and virtual work increases exponentially. But does video training really work for executives?
Wainhouse Research (WR) surveyed 1,800 working individuals on their impressions of video learning. The results indicated that a large majority of people communicated that they identified video training as a functional and constructive learning tool.
The vast majority -- 90% -- of working professionals at small and medium sized institutions suggested that they perceived both live video training and on-demand options made training more accessible to company leaders and their staff members.
Mentorship is an important tool for successful executives. In years prior, mentees selected a mentor -- usually one in their area -- to develop a mutually beneficial mentoring relationship. However, now that the use of technology is increasing and more companies are moving quickly into remote work and telecommuting, mentoring is following suit.
Virtual mentorship allows executives to network with a wide variety of possible mentors in any area. Mentors and mentees can stay in communication with each other using email, chat programs, and social media.
Many companies use training incentives to motivate their staff to get excited about learning new information and developing their career skills. While businesses may not have as much budget to devote to robust incentives for a job well done, even smaller incentives for training can be equally as effective.
This year, look for incentivized training to become more widely used among executive professionals. Perhaps you’ll see a bit of healthy competition, lunch ordered in, and the opportunity to earn paid time off with training activities.
It’s difficult to know if the executive training programs you’re implementing are effective without analytics. In 2020, expect businesses to be more attuned to learning analytics, so they can determine what is and isn’t working.
While many affordable options for executive training are available, businesses need to streamline their revenue and control costs as much as possible throughout the rest of this year. Companies will be watching their analytics to determine the efficacy of their training programs and should eliminate programs that aren’t working by replacing them with new ideas that need to be tested and analyzed.
Early 2020 has brought a number of significant challenges for businesses worldwide, and if predictions are anywhere near close, the rest of the year will continue to see changes that need to be quickly adapted to for businesses to continue to survive.
Your organization can’t afford inadequately trained executives who have a difficult time staying on top of industry trends and may not be able to implement new processes designed to help your business thrive.
Since many executives are considered essential to the companies they work for, it’s more important now than ever before that individuals in executive positions receive comprehensive, ongoing training designed to keep them on their toes. Investing in robust executive training is no longer a luxury, but an absolute necessity in today’s changing business climate.
Stay informed of the most up-to-date industry news and trends for executives with training modules from Business Watch Network. Our executive training programs take place on an easy-to-use eLearning platform that is available for on-demand training videos 24/7/365.
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