Brightwave at CIPD L&D Show: 'what would your organisation do with an extra £30K?'
Join Brightwave's Chairman Charles Gould at the 2015 CIPD Learning & Development Show, as he explores the four core components of total learning and demonstrates how formal and informal learning can transform onboarding.
Total learning - the future is here: 14th May, 10:45am - 11:15am
The CIPD L&D Show, London Olympia, Technology for Learning stage
As well as challenging the value of formal, structured learning, L&D is beginning to think more about how informal and social learning - powered by innovative tools and technology - can be enabled to not only benefit learners but reduce staff attrition and associated costs to their organisation.
Brightwave's upcoming session at the CIPD L&D show examines how forward thinking organisations are engaging with their learners and retaining their top talent through total learning strategies and tessello, Brightwave's award-winning total learning system.
Research concludes that 86% of organisations agree it takes six months for their new employees to decide to stay with the company and yet only 39% of organisations have onboarding programmes that last longer than one month*. With 16% of new starters leaving an organisation ASAP, and a further 40% leaving less than a year into their role**, L&D teams need to get staff on board, support their development and keep them engaged - all at the same time - even faster.
A total learning approach to onboarding not only increases employee engagement and provides a faster speed-to-competence, but reduces associated costs to replacing lost staff; engaging and retaining just one employee saves an organisation on average a total cost of £30,614***.
Charles Gould, Brightwave's Chairman said:
"Retaining just one employee by utilising a total learning approach saves an organisation a substantial amount of money; £30k makes a real difference to any L&D team's bottom line. tessello provides tailored onboarding blends that also reduce the cost of developing new onboarding materials, lowering administration overheads. tessello is an essential onboarding system every forward-thinking organisation should have for their learners; retaining talent is essential, now and in the future."
Get involved
Brightwave invites the L&D community to share what their organisation would do with an extra £30k. How could your organisation benefit? How could £30k be spent? Tweet @tessello using hashtags #30k and #cipdLDshow and join the conversation.
Brightwave is exhibiting on stand 174, adjacent to the Technology for Learning stage, and sharing their expert knowledge at two further sessions:
13th May, 4:00pm - 5:00pm, CIPD Ignite Lab, Learning arena
Millennial learning strategies for the new breed of learner
Head of Learning Design Caroline Freeman contributes to the hour's session and shares her expertise on millennial learning strategies for the new breed of learner.
14th May, 9:15am - 10:15am, CIPD Ignite Lab, Learning arena
New technology and the future of workplace engagement
Senior Learning Designer Rich Calcutt contributes to the hour's session and shares his expertise on new technology and the future of workplace engagement.
* All Aboard: Effective Onboarding Techniques and Strategies, Aberdeen Group, 2008
http://fm.sap.com/pdf/mar09/All%20Aboard%20%20Effective%20Onboarding%20Techniques%20and%20Strategies.pdf
** Institute of Leadership & Management and Ashridge Business School. Great expectations: Managing Generation Y
http://www.ashridge.org.uk/Website/Content.nsf/FileLibrary/5B2533B47A6D6F3B802578D30050CDA8/$file/G458_ILM_GEN_REP_FINAL.pdf
*** The Cost of Brain Drain Understanding the financial impact of staff turnover, Oxford Economics, February 2014
http://www.oxfordeconomics.com/publication/open/246524