In this presentation, "Learning: The New Employee Benefit," Pat Schoof, former Salesforce and Shutterfly HR executive, explores the history of employee benefits, trends in employee engagement and the future of learning in the workplace and its future as a major employee benefit.
For more information, contact business@udemy.com.
2. WELCOME
• We’re thrilled you’re here!
• We’re recording today’s session & will share the
presentation.
• Ask questions via chat – we’ll answer them throughout
the session.
3. AGENDA
• Introduction
• Total rewards to attract and retain the top candidates
• A look at employee engagement trends
• The future of learning in the workplace
• Q&A
7. Life insurance
Health insurance
401k
Flextime
Onsite fitness
Educational assistance
Business travel
Telecommuting
Legal counseling
Catered meals
Job sharing
College scholarships
Home computer
Child care assistance
Team building events
Work at home
Free snacks
Massages
Formal training program
Dry cleaning
8. 50% of candidates report using
Glassdoor in their job search
Source: Software Advice
9. A good rating of a company’s
compensation and benefits
is the most important factor
Source: Software Advice
15. Only 30% of workers are engaged
Source: Gallup
16. 52% of workers are disengaged
18% of workers are actively disengaged
Source: Gallup
17. Engagement vastly affects company costs
• Disengaged workers cost the U.S. $450 billion to $550 billion per year
Managers play a critical role
• Managers who focus on their employees’ strengths can practically eliminate
active disengagement and double the average of U.S. workers who are engaged
nationwide
Different workers require different engagement strategies
• Generations at beginning and end of their careers need to be more engaged than
those in the middle
• Millennials most likely to leave jobs within first 12 months
• Women have slightly higher overall engagement than men
Source: Gallup
18. When employees are engaged, they are more likely to
maintain strong work performance
When employees are not engaged, they are more likely
to steal from their companies, negatively influence
coworkers, file stress claims, miss workdays and drive
customers away
Source: Gallup
22. • $164 billion spent on learning in 2013
• On average, $1,195 is spent per learner each year
• 44% of workers seek cross-training to develop skills not
directly related to their role
1 Source: ASTD
2 Source: Bersin
3 Source: SHRM
TRENDS
23. 42%
Of Worldwide Employers
believe recent graduates
are ready for work
Of Educational Institutions
believe recent graduates
are ready for work
72% 45%
Of U.S. employers say
lack of skills is the "main
reason" for entry-level
vacancies
25%
An estimated 25% of all
employees leave their job
because of insufficient
training or learning
opportunities
Only 21% of workers have
developed additional skills
via company-provided
corporate training
Source: Chris Farrell, Our (work) Education Crisis: Send in the MOOCs, Bloomberg BusinessWeek. http://www.businessweek.com/articles/2012-09-17/our-work-education-crisis-send-in-the-moocs. Eduardo
Porter, Stubborn Skills Gap in America’s Workforce, New York Times. http://www.nytimes.com/2013/10/09/business/economy/stubborn-skills-gap-in-americas-work-force.html?_r=0.
CURRENT WORKFORCE OUTLOOK
24. Cloud Computing
Virtual Teams
Data Analytics
Social Media Mobile Apps
UX Design
Traditionalists. Born between 1925 to 1945.
They usually prefer face-to-face meetings.
Boomers. Born between 1946-1964. Very
traditional in nature.
Generation X. Born between 1965-1980. Gen
Xers tend to be self-reliant.
Generation Y/Millennials. Born between
1981-1995. They are the technology generation.
Generation Z. Born between1996 – present.
Known as Digital Natives.
HOW LEARNERS HAVE EVOLVED
25. Fortune 500 companies now use some form of
educational technology to instruct employees
41.7
%
Savings compared with instructor-based
training
50%
Productivity boost potential for companies
who use eLearning
50
%
COMPANIES ARE MOVING ONLINE
Source: eLearning Industry
26. more likely to be the leader in their industry
46
%Companies that have
a strong learning
culture do better in
their market than
those who do not
increase in their ability to respond to the needs of
the customer
%
more likely to become the market share leader
%
34
17
Source: eLearning Industry
27. How can your company become one of the
best places to work?
Source: eLearning Industry
28. Employee benefits are no longer limited to health insurance.
Offer unique benefits that will set your workplace apart to
attract and retain the top candidates.
TAKEAWAY #1
30. Invest in continuous learning and development for your
employees to help them keep their skills up-to-date and
contribute to their personal fulfillment.
TAKEAWAY #3
31. Continued
learning for
self and family
Onboard New
Employees
Workplace & On-
the-Job Training
Self-directed
Development
HOW UDEMY CAN HELP YOU
Welcome to our webinar, Learning: The New Employee Benefit.
I’m Shannon Hughes, Senior Director of Marketing at Udemy.
Today’s agenda will cover:
Total rewards to attract and retain the top candidates
A look at employee engagement trends
The future of learning in the workplace
Q&A
Before I introuduce Pat, I’d like to give just a little background information on Udemy.
Udemy is an online learning platform, enabling anyone to learn anything, anywhere. We have over 2 million students in over 200 countries enrolled in over 13,000 courses taught by 7,000 published instructors.
With that, I’d like to introduce today’s presenter, Pat Schoof.
Pat is Udemy’s Vice President of Human Resources.
Pat has more than 20 years of HR experience. Prior to joining Udemy she held HR leadership positions at Shutterfly, Salesforce, McAfee and TRUSTe. Pat has played leading roles in dramatic organizational changes, including multiple IPO’s, as well as guiding organizations through downsizing, M&A’s and reorganizations. Pat has a strong focus on attracting and retaining employees, compensation and benefits, coaching and development, team and building a dynamic value based cultures in growing fast-paced environments.
Total rewards are all of the tools available to the employer that may be used to attract, motivate and retain employees.
The concept of total rewards has changed considerably.
Employee benefits started out just as health coverage. Now, it has expanded to so much more.What types of benefits attract and retain the top candidates? What types of benefits do the ‘Top Companies to Work For’ offer?
What do you (audience companies) offer?
According to a study conducted by Software Advice, 50% of candidates use Glassdoor during their job search.
Generational changes have affected the importance and role of benefits in a company, especially at startups
Millennials view benefits as a major factor in determining which company they join
Increased emphasis on health and learning and development
Employee engagement is the emotional commitment the employee has to the organization and its goals, not to be confused with employee satisfaction or employee happiness.
Understand what your employees are thinking
Demonstrate appreciation for things big and small
Commit to open, honest communication
Engage in social interactions outside of work
Know how to communicate the organization’s stories
Invest in continuous learning
Trends in increase in spend on learning platforms
How learning can be applied in a work setting
Skills development
On-boarding
Personal fulfillment*
Learning as a benefit
Mobile learning