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L&D and Higher Education: A Long Overdue Partnership

Shefali Vasave | July 11, 2022 | 277 views | Read Time : 2 min

L&D and Higher Education
When it comes to staying competitive in an ever-evolving market, workforce management is a significant contributor. And what keeps a workforce agile and transformation-ready? A Gallup study revealed it’s learning and development. L&D that encompasses reskilling, upskilling, strength-based learning and higher education support result in a 73% attrition rate, according to Gallup. At the same time, it yields a 23% higher employee engagement rate and 18% higher productivity. So there’s no doubt that L&D initiatives are a win-win for companies and their employees. And there might be a way to get the most out of the benefits by working with colleges and universities.

Here are just a few collaborations in the educational space that aim to meet demand for skills and talent in their local and regional communities.
  • The Marion Community
To break down organizational barriers, a powerful partnership between Marion Technical College, Tri-Rivers Career Center, Ohio State University at Marion, superintendents of all local school districts, Ohio Means Jobs, Marion CANDO! economic development, the Marion Area Chamber of Commerce, and industry partners is working together to address the needs of the local labor market.
  • LED FastStart’s Approach to L&D
LED Fast Start is a top-ranking workforce recruitment and training program in the U.S. The organization is renowned for pioneering acclaimed training programs to fulfill the demand for an ongoing workforce pipeline. It has also partnered with multiple organizations, including the Southern University at Shreveport for aviation programs, and the Grambling State University for programs in computer science and cybersecurity. LED FastStart is also driving a partnership with the Nunez Community as well as NASA and Boeing. For example, students at the college are working at the NASA Michoud Assembly Facility to build rockets in collaboration with Boeing.
  • Training a Workforce in the Western NY Wilds
Alfred University offers the best undergraduate and graduate programs in advanced ceramics technology, glass technology, and renewable energy. A fantastic resource for highly specialized employers in New York State's Advanced Ceramics sector is the university's Center for Advanced Ceramic Technology (CACT). Through education in ceramics, glass, renewable energy, and materials science, the CACT creates a pipeline of talent. Through funded student internships, they can minimize businesses' expenses by providing experiential training with research and manufacturing-grade equipment.
  • To Summarize
Where one-size-fits-all L&D programs fall short, higher education fills the gaps. There is an emerging trend of educational institutions that offer tailored partnerships to help businesses train their workforce in new and upcoming skills. Forward-looking businesses must grab the opportunity and tap into these learning and development partnerships to fulfill their workforce upskilling and reskilling needs.

Spotlight

Terry College of Business

Founded in 1912 as the School of Commerce, the Terry College is the flagship business school in the state of Georgia and one of 15 schools and colleges at the oldest state-chartered university in the country. The Terry College awards doctoral degrees in eight academic disciplines, producing researchers and teachers for leading universities and businesses. Our undergraduate and graduate programs are consistently ranked among the best by U.S. News & World Report, BusinessWeek, Forbes and The Wall Street Journal.

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Paper Acquires Readlee to Address Literacy Crisis Through AI

Paper | March 15, 2023

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Read More

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