Does your organization want to encourage employees to take an active part in their own learning and development? Do you aim to foster collaboration within your teams? A 70 20 10 development plan can help you to achieve both of these objectives.
A 70 20 10 development plan prioritizes on-the-job learning as it accounts for 70% of learning and development. Then mentoring with colleagues and superiors, which accounts for 20%, and finally, formal learning making up the last 10%.
There are many benefits to this approach; it’s flexible, cost-effective, and doesn’t require too much oversight from senior management. But it can be difficult to implement if it’s a brand new approach for your company. However, by making a plan, developing a strategy and investing in the right tools, the process will run a lot smoother.
Tags: Blog • Employee Training