American companies spend $160B+ annually on employee training but find that it is often time-consuming, expensive, and typically ineffective (Master, 2015).
Academic research shows that rapid technology advancements, a decrease in attention spans, and low learning retention are significant causes of waste. Training is so ineffective that, “…fewer than 15% of [learners] successfully apply what they learn; 80% of the content is forgotten within 30 days, and the figure jumps to 90% after a year” (Grovo, n.d.).
How do organizations imperatively combat such waste while unlocking their employee’s full potential?
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