Why is Learning & Development Important to Businesses?
Wed 29 Jun 2022
Many businesses are recognise the value and importance of Learning & Development (L&D) and, as industries evolve and the pace of change accelerates, the ability to adapt and innovate has become essential for top performers.
So, why is L&D vital for business success? It equips employees with new skills, improves productivity, and enhances job satisfaction.
This, in turn, drives growth by fostering innovation, improving performance, and retaining top talent. In fact, research shows that businesses who invest in L&D are 59% more likely to experience growth as a company.
If you want to learn more about learning & development and why it’s important to businesses, we’ll give you everything you need to know.
What does a learning & development course cover?
Learning and development is the process of continuously improving employee capabilities in the workplace to ensure organisations are successful in the long term.
At MOL, our certified CIPD Learning & Development qualifications are designed to equip you with everything you need to drive business success and promote growth.
Learning & development course content
- Recruiting and developing employees: Learn effective strategies for attracting, hiring, and nurturing top talent to meet your organisation's needs.
- Improving work and working lives: Understand how to create a positive work environment that enhances employee well-being and productivity.
- Strategic people management and development: Gain insights into aligning employee development with your business goals to ensure sustained growth and success.
- Boosting employee engagement: Discover techniques to increase employee commitment, motivation, and job satisfaction.
- Development strategies for performance: Develop methods to enhance individual and team performance through targeted training and development initiatives.
- Adjusting organisational structures: Learn how to adapt and restructure your organisation to support growth and change effectively.
- Encouraging learning in the workplace: Foster a culture of continuous learning to keep skills up-to-date and drive innovation.
By enrolling in one of these courses, you’ll develop a comprehensive understanding of these essential elements and implement effective L&D strategies to elevate your business strategy and drive long-term success.
Training with MOL's Learning & Development courses has been a game-changer for our team. It's filled skill gaps, boosted team productivity, and aligned our strategies with company goals, really propelling my career forward.
Why do businesses need learning and development professionals?
One of the best ways to make sure that learning & development is a continuous and embedded process within your organisation is to recruit dedicated L&D professionals onto your team.
These experts can:
- Identify skills gaps among employees
- Develop personalised learning plans
- Improve performance by designing and delivering learning programmes.
Incorporating learning and development professionals into your organisational structure is increasingly important to the long-term success of your business, for several reasons.
Learning & development fills skill gaps
One of the primary roles of L&D professionals is to identify knowledge or skills gaps within the workforce. Addressing these gaps allows employees to perform their daily responsibilities competently and confidently.
Enhancing productivity and profitability
Highly skilled and trained employees are generally more productive and profitable, equipping team members with the skills and confidence to excel in their roles.
In fact, a study from IBM reported that a skilled workforce generally sees productivity increase by 10%.
Continuing professional development (CPD)
Employees value companies who support their Continuing professional development (CPD), which enables them to improve career prospects and salaries.
Having a clear and transparent L&D process that supports CPD efforts can attract ambitious talent to your company, as well as help boost staff retention.
One study found that 94% of employees would stay with an employer that offers training opportunities. Considering that the average cost of employee turnover is £11,000 per person, retaining staff through L&D offers huge cost benefits for businesses.
Cost-effective talent development
In addition to saving costs on employee turnover, upskilling existing staff members for new roles through L&D training courses is often more cost-effective than recruiting externally
Developing talent internally reduces the time spent onboarding and acclimating new team members, enabling employees to develop the unique skills and practices needed for their new roles.
Enhancing reputation
L&D courses don’t just improve the knowledge and productivity levels of employees; they also positively impact your customers, helping you develop a strong reputation within your industry.
Being open and transparent about your employee training efforts demonstrates to stakeholders, competitors, and potential talent that you’re invested in the future of your business.
Learning & development in daily operations
While many organisations use learning and development strategies reactively to manage change or performance issues, the most successful companies embed learning and development into their day-to-day operations.
If you’re considering upskilling to take on more L&D responsibilities within your organisation, or want to kickstart your career, a CIPD Learning and Development course from MOL is one of the best ways to get started.
Our courses provide the skills and knowledge necessary to effectively integrate L&D into your daily operations and drive long-term success.
How much does a CIPD Learning & Development course cost?
At MOL, we offer CIPD Learning & Development courses for professionals who want to pursue professional development in the field of Human Resources and secure higher roles and positions.
We offer the following CIPD qualifications in Learning & Development:
CIPD Level 5 Associate Diploma in Organisational Learning and Development (£2396)
CIPD Level 7 Advanced Diploma in Strategic Learning and Development (£5196)
These qualifications are available with the flexibility of online learning, enabling you to balance your studies with your professional and personal commitments.
Find out more about our CIPD Learning & Development courses and enrol with us today to elevate your career!

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We understand the L&D profession like no other training provider. That’s what makes our courses great.