Phenom + Degreed: Driving Employee Growth and Retention with Personalized Learning
In a world of technology, employees have practically unlimited options at their fingertips when it comes to learning new skills. Thirty-seven percent of skill requirements for the average job have changed over the past five years, making it imperative for both companies and employees to stay up-to-date on their learning and development in order to stay relevant.
However, retention trends show that corporate culture hasn’t caught up to employee wants and needs when it comes to professional education. According to a Pew Research Center survey, nearly 70% of employees globally “are willing to retrain and learn new skills on the job. Yet many of these workers are leaving their current jobs to pursue advancement elsewhere.” This is due to the lack of learning options companies are making available to their employees.
It's certainly in an organization's best interest to grow with their employees, offer them opportunities to advance their skills and knowledge, and ultimately to promote from within. This leads to increased retention and overall employee satisfaction. The challenge is having the right tools to do so — and knowing how to engage with them.
At Phenom, we are constantly upgrading and reevaluating our employee experience to provide the best learning and development options possible. That’s why we are excited to announce our recent partnership and integration with Degreed to help employees grow and evolve in their careers.
Phenom + Degreed: Empowering Employees
Degreed is a lifelong learning and skill building platform used to discover learning content, build skills, and successfully take on new career challenges. Phenom’s new integration with Degreed will take our customers to the next level when it comes to professional development.
Here’s how: With Phenom and Degreed, organizations using Phenom Talent Marketplace can encourage their employees to build in-demand skills faster through personalized learning recommendations. Additionally, employers can improve retention and engage employees with the tools they need to find internal opportunities, refer talent, and stay connected.
Learning integrations are a critical component of Phenom Employee Experience, a talent marketplace powered by AI and built to personalize the unique career path of every employee. From job recommendations based on skills and interests to connecting employees with the perfect complementary mentor, Phenom engages employees with greater visibility and opportunity.
With this integration, employees can also:
- Receive customized recommendations on available coursework to achieve the next step in their careers.
- Automatically update their profiles with new skills upon completion of coursework.
- Illuminate and instantly access a list of roles based on completed coursework and profile — all through Phenom AI.
Future-Proof Your Workforce
With the uncertainty of the current labor market and economy, organizations are poised to curate the right development opportunities from within. Employees with access to professional development opportunities have a 34% higher retention rate than those who don’t, and organizations with strong learning and development programs are 17% more profitable than their peers and have 30-50% higher retention rates.
Ensuring you have the appropriate tools now will future-proof your workforce in the years ahead, ultimately leading to increased employee retention and job satisfaction. Every employee’s career path is unique, and with Phenom + Degreed, you can tailor employee learning to courses that work for everyone.
Related reading: The Definitive Guide to Employee Experience