Breaking Down the HR Tech Stack — Part 3

Chapter 3: How do learning and performance build company culture?

A learning culture allows employees to develop their skills and connect their performance to the company’s. This is imperative because among employees who left roles due to a lack of career development, 65% said they could not achieve their career goals and 59% did not feel their employer invested in their knowledge, skills, and abilities, according to McKinsey. 

However, with better insights into what your employees need to be successful, you can build a talent development strategy that includes actionable feedback, career progression, and improved performance from each employee. This is where the right HR tech stack comes into play.

“HR processes have existed for decades, but your tools need to do more than just automate what you’re already doing,” says McCann Flynn. “It’s a missed opportunity if your process isn’t thoughtfully woven into a culture of learning, skilling, and development.”

When you implement ongoing learning and development opportunities, you will see the benefits across your organization. Companies that invest in employee development increase profitability by 11% and are twice as likely to retain their employees, according to Gallup.

“Ideally, you have the support of a company that understands the ethos behind why certain tools or processes are important,” says Hibschman. “For example, your leaders may conduct 360 reviews, but do they know how to use these reviews as a tool to develop and nurture your team?”

Without proper knowledge of how to use the data they collect, managers and employees are left uncertain about how to enact needed changes and why it is vital to do so. Instead, your HR system should support and build a culture of learning through an integrated approach designed for measurable impact and value. 

Introducing the SkillCycle prioritization framework

Adding new functionality and tools to your HR tech stack on an ad hoc basis as your company grows may seem logical, but the ideal solution is an ecosystem where everything works together. An all-in-one solution empowers you to make data-driven decisions to develop talent, drive better performance, and fill skills gaps.

An excellent first step is to clarify your priorities and identify gaps that could hamper your ability to make impactful shifts across your HR functions. 

Where should you start? Rank the following priorities in order of importance to your company, five being the most important and one being the least. The results of this exercise will guide you to the next step in your HR tech stack development.