Becoming a Talent Rich Organization: Why Development Trumps Training

BIG IDEA In A Few Words

There is a fundamental difference between training people and people development. Training begins with a felt need in the organization and gives priority to time and cost efficiency. Development begins with the felt need of the individual. Training people is both time and cost efficient, but people development will ultimately provide a higher return on investment. To become a talent rich organization you have to understand the importance of knowledge workers and what motivates them. Research suggests self-directed learning promotes greater conceptual understanding, enhanced persistence, higher productivity, less burnout and greater levels of psychological well-being.