So what does this all mean? A few statistics:
- 78% of corporate managers believe that 'rapid rate of information change' is one of their top learning challenges (800+ HR and L&D managers surveyed in 2008).
- 80% of all corporate learning takes place through on-the-job interactions with peers, experts, and managers (estimated data collected from over 1,100 L&D managers late in 2008).
- Over 30% of all corporate training programs (ie. classroom or other formal programs) are not delivering any measurable value (data provided through the same survey).
- Nearly all Millenial employees (under the age of 25) expect to find an on-demand learning portal (similar to Google and YouTube) within their employer's environment."