My first Magazine HRegatta_Edition 8 | Page 13

The HR & OB Society During early 1900's, Henry Ford applied in letter and spirit Frederick Taylor's work, The Principles of Scientific Research, which talked about simplifying a task and training an employee on it until she masters it to get optimum results. Ever since then, the ways in which we train employees have undergone metamorphosis. The word training has morphed into learning and development, and even the methodology of imparting knowledge has seen impact of time. From the time when employees were trained to do their work better, learning opportunities is now one of the top 5 cited reasons for deciding a future employer. In this era of digital transformation, the threats, of not being able to provide developmental opportunities at the right time and in the right manner, are very real. The pressure is rising. The repercussions, of not adopting learning systems and processes to meet the aspirations of the millennials, are so grim that they have inspired many organizations to step-up their L&D game. “ In this era of digital transformation, the threats, of not being able to provide developmental opportunities at the right time and in the right manner, are very real. ” Instructor led training where a one-day session would cost you around 20-40 lakhs, traditionally, 15 out of 30 nominees would show up. Some of them attending only for the free food and a day away from work. This model with less than 50% utilization rate combined with the lack of demonstrable ROI and continuous interventions was never sustainable and hence, bound to fail. Millennials need on- demand and quality content with content library which includes not only functional trainings aimed at in-role effectiveness but also, courses aimed at upskilling behavioural skills, leadership skills and well as improving their hobbies and over-all life quality are preferred. Who doesn't want work-life balance? There were those early rustic learning management systems which tracked the number of employees who had undergone compliance trainings like Information Security, Code of Conduct and Prevention against Sexual Harassment to name a few. Sometimes they were Faculty of Management Studies, Delhi 13