Lifelong learning is no longer just an option but a necessity in today's fast-past and ever-changing world. The rapid pace of technological advancements, coupled with the effects of globalization and the pandemic, have made lifelong learning a critical component of career development, well-being, innovation, and creativity. According to a recent survey by PwC, 52% of CEOs believe labour/skills shortages will directly affect profitability over the next ten years. Furthermore, research conducted by LinkedIn found that 91% of employees say it is important for managers to inspire learning and experimentation, and opportunities to learn and grow are among the top drivers of a great work culture.
This post will explore the benefits of lifelong learning on career development, mental health, and innovation and provide strategies for incorporating lifelong learning.
Career development
Lifelong learning is essential for professionals to stay relevant and competitive, enhancing their value with employers. But what are the benefits to your career?
Lifelong learning opens new opportunities and enables you to adapt to the changing marketplace. The World Economic Forum reported that 40% of current workers' core skills are expected to change by 2025. To assist members in continuous learning throughout their careers, WorldCC offers a range of certifications, online courses, webinars, events, podcasts, research and other resources, making it easier than ever to make a habit of lifelong learning. WorldCC is at the forefront of leading commercial and contract management research, which is embedded into the models and frameworks of the association's learning programs.
Career development isn't the only benefit; many employers and individuals report mental health and well-being benefits when undertaking learning and development programs.
Mental health and well-being improvements from participating in learning and development
Lifelong learning can have a positive impact on your mental health and well-being. Research from the Pew Research Centre highlighted that 69% of US adults said learning opened up new perspectives about their lives, 64% said it helped them make new friends, and 58% said it made them feel more connected to their local community. How can learning and development impact your mental health and well-being?
By engaging in learning activities, you can stimulate your mind and enhance your personal growth and fulfillment. Developing a growth mindset through learning can also help you overcome challenges and build resilience in the face of adversity. In addition, learning can provide a sense of accomplishment and satisfaction that can contribute to your overall sense of well-being.
Finally, learning can stimulate innovation and creativity. By exploring new ideas and perspectives, you can develop innovative solutions to problems and drive positive change within your organization.
Using learning and development to create a culture of innovation and creativity
Creating a culture of innovation and creativity can be driven by investing in employees' learning and development. When new technologies are introduced into the learning landscape, companies can enhance the educational experience while familiarizing employees with emerging tech. For example, companies are increasingly embracing AI and introducing concepts such as ChatGPT to support contracting. Showcasing these technologies in a safe learning environment allows employees to use hands-on approaches as they acquire new skills. Using innovative approaches to learning can also make employees more open to change. Along with exploring emerging technologies, they can introduce workers to new concepts and solutions, making it easier to see their value firsthand. WorldCC embeds flexibility in training programs to encourage creativity and agility, allowing employees to hone innovative thinking skills along the way.
Lifelong learning fosters a culture of innovation within organizations by encouraging you to experiment and share your ideas with others.
As discussed, continuing to learn and develop professionally is a lifelong journey; however, balancing ongoing learning with the demands of a full-time job and personal responsibilities may seem daunting. Don't worry; there are many strategies that you can adopt to continue your lifelong learning journey.
Strategies for successful lifelong learning
One way to boost your skills and knowledge is to undertake formal certifications. For example, WorldCC offers practitioner, advanced, and expert certifications for Commercial and Contract Management (CCM) or Supplier Relationship Management (SRM). WorldCC online courses, masterclasses, and webinars provide a convenient and accessible way to learn new skills and knowledge in your own time.
You can stay up-to-date with industry trends and developments by attending conferences and networking events. These events offer opportunities to hear from industry leaders, connect with peers, and learn about new technologies, best practices, and emerging trends. WorldCC has regular conferences, networking events, and an online community to enable contracting professionals to network globally.
Reading industry publications and research is another effective way to stay informed and up-to-date with the latest industry developments. These publications often provide insights into the latest trends, innovations, and research in the field, helping practitioners stay relevant and competitive.
Seeking out mentorship opportunities is another valuable strategy for continuing professional development. A mentor can provide guidance, support, and advice on career advancement and progression and offer insights into industry trends and developments.
To effectively incorporate lifelong learning into your career, you must set clear goals and develop your personalized learning plan. This plan should outline specific learning objectives, timelines, and milestones. Identifying areas where improvement is needed and focusing on acquiring the necessary skills and knowledge to achieve these goals is essential.
Staying motivated and accountable for learning goals can be challenging. Set deadlines, track your progress, and celebrate your successes along the way. Collaborating with peers or forming a learning group can also help keep practitioners accountable and motivated to achieve their goals.
Conclusion
Learning and development shouldn't stop after you leave school. It is essential for career growth and personal fulfilment. Companies that invest in their employees' professional development are investing in their business's success. The benefits of continuous learning are endless - it can lead to promotions, higher salaries, and improved job satisfaction.
It's time to take ownership of your learning journey and not wait for someone else to provide the opportunities. Seek out mentors, take online courses, attend workshops, and read research on topics that interest you. The more you learn, the more valuable you become to your organization and yourself.
So, let's keep learning, growing, and thriving in our careers.
References:
https://www.pwc.com/gx/en/news-room/press-releases/2023/pwc-26th-ceo-survey.html
https://www.pewresearch.org/internet/2016/03/22/lifelong-learning-and-technology/