You might be wondering, what is a learning culture and why is this important for the growth of your business? There are many reasons to grow a learning culture to help improve your company’s bottom line.
Think of a learning culture as building a growth mindset. Simply put, it’s about creating a workplace culture that is built on continuous learning by both employees and the employer. As a business owner, this means understanding that intelligence and abilities can be developed over time with the right approach.
Having a growth mindset will support your business to move forward, while positioning your brand and your people towards a path to success. If that’s not enough, here are six reasons to build a learning culture.
A learning culture…
- Cultivates leadership and emotional intelligence by providing employees with a higher sense of personal worth. When you help to build the skills and abilities of your employees, this not only allows, but encourages them to take on greater responsibilities.
- Motivates performance and increases engagement by showing employees that you support them with opportunities for both personal and professional growth. Learning experiences, such as, conferences and seminars will allow your employees to advance with new skills to use on the job. As a result, you may find an increase in efficiency, productivity, and profit.
- Improves employee retention by creating a relationship based on trust. When you provide continuous learning opportunities, this translates to an investment in the growth and development of your employees and of your business. By providing this kind of value, feelings of satisfaction often result into increased loyalty to your company. With employee retention, comes reduced costs in recruitment, hiring, and training new staff.
- Builds accountability by seeing the employee-employer relationship as less authoritative and more opportunistic. Employees can expect to be accountable for their own learning path and in doing so, encourages them to take extra pride in the work they do.
- Establishes a competitive advantage by maintaining relevancy. Providing your employees with the resources and experiences to continuously learn, means that you can overcome challenges to perform in a dynamic marketplace. Staying ahead of the game also shows clients, partners, and potential hires that you are a business that they should be working with.
- Drives innovation by inspiring new knowledge and encouraging new ideas. This is a key driver to keeping your company ahead of the competition.
Commit to Learning
Take a look at your current practices – what are you doing that supports the learning of your employees, your teams, and yourself as a business leader? How do you define your company culture? It’s important to take the time to build a solid foundation for your business, with a high-performing culture.