By Celine Ting, Co-Founder and Managing Director of OpenAcademy,
Companies are starting to understand that prioritising continuous learning and development (L&D) can lead to better employee loyalty. A recent report from LinkedIn shows that 94 per cent of employees are more likely to stay with a company that invests in their career growth. This statistic highlights a crucial point: employees want to grow, and companies that support this growth are more likely to succeed.
This trend is particularly relevant for companies trying to retain top talent, and understanding the different needs of various generations, especially Gen Z, is key. This generation highly values continuous learning and personal development. Employers must create a company culture that reflects these values, including diversity and inclusion, to ensure that employees feel valued and motivated.
This article explores the growing importance of continuous L&D in the workplace and its impact on employee retention and satisfaction. As organisations seek to attract and retain top talent — understanding the needs of different generations becomes more important than ever.
Collaboration between government and private sector
As organisations prioritise continuous learning and development to support young professionals, effective interventions from the Malaysian government are crucial in providing a dignified starting point for young talent entering the workforce. The following Budget 2025 allocates funding for the implementation of a new minimum wage policy — with plans to gradually increase the minimum wage to RM1,700.
This aims to address income inequality and support the living wage of RM2,700, as recommended by various experts. The budget also emphasises investments in upskilling and reskilling initiatives — with allocations for training programmes that enhance employability, particularly in sectors impacted by digital transformation.
On the other hand, the private sector also plays an important role by adopting practices that promote equitable pay and support continuous learning. By implementing transparent salary structures and providing opportunities for professional development, companies can create an environment where employees feel valued and motivated. Furthermore, fostering a culture of continuous learning not only enhances employee skills but also contributes to organisational growth and innovation.
Collaborative efforts between the government and industry can lead to a more balanced job market, ultimately benefiting both the economy and the workforce. For instance, partnerships can facilitate the development of training programmes that address skills gaps, ensuring that workers are prepared for the demands of the evolving job landscape. This is especially crucial in the face of rapid technological changes, as a skilled workforce is essential for maintaining competitiveness and driving economic growth.
Learning and development alignment
As organisations recognise the importance of continuous learning in retaining talent and driving success, effective upskilling and reskilling initiatives must closely align with organisational goals and employee needs. According to a report by McKinsey, 87 per cent of companies report a skills gap in their workforce — highlighting the urgent need for more targeted training programs. Collaboration between L&D teams and other departments is crucial to identify specific skills gaps and challenges.
For example, when L&D strategies are aligned with business objectives, companies can increase productivity by up to 20 per cent. Furthermore, organisations that prioritise a strong learning culture are 30-50 per cent more likely to achieve better performance outcomes. Companies like OpenAcademy — offer a range of tailored learning solutions that help organisations implement effective L&D programmes. This alignment ensures that training is not only relevant but also empowers employees, fostering a culture of continuous learning where individuals feel invested in their professional development.
Furthermore, as companies face the rapid changes brought on by technology, especially artificial intelligence (AI), they need to rethink their approach to employee development. The rise of AI is transforming many job roles, making it essential for employees to upskill and adapt. Companies that provide training programs not only help their employees grow but also protect their businesses from becoming outdated. This proactive approach boosts morale and enhances productivity, benefiting the organisation as a whole.
Transforming Malaysia’s workforce: Shaping a resilient future for tomorrow’s leaders
Implementing a culture of continuous learning requires companies to assess the specific needs and preferences of their workforce. This could involve conducting surveys or holding discussions to understand what employees want in terms of professional development. Offering tailored learning opportunities, such as digital courses, mentorship, or team workshops, can create a significant impact.
For instance, companies might consider creating mentorship programs where experienced employees guide newer staff. This not only facilitates knowledge transfer but also helps build strong relationships within the team. OpenAcademy’s resources can further enhance these efforts by providing structured learning paths and tools to support employee growth. Open communication about development goals is also important — empowering employees to take charge of their growth.
Fostering a culture of continuous learning is essential for more than just retaining employees; it contributes to overall business success. When employees see that their growth is a priority, it strengthens their connection to the company. They are likely to feel more invested in their work and motivated to perform at their best.
As companies navigate the complexities of workforce retention, prioritising continuous learning will be a key factor in keeping top talent engaged and committed. By building a culture that supports growth and development, organisations can cultivate a dedicated workforce that drives innovation and success. Investing in continuous learning is not just a strategy for retention; it’s a pathway to a stronger, more capable organisation.