Newsletter Article
Member Benefit
Published Mon Dec 04 2023
The rapid evolution of the business landscape, driven by technological advancements and environmental considerations, has intensified skills obsolescence, rendering nearly half of professional skills outdated within two years. To address this challenge and remain competitive, organizations need a proactive approach to skill development. To do this, businesses need to hire for the role of chief learning officer—a person who can bridge the gap between the C-suite and learning and development efforts, creating a strategic alignment of employee development and organizational goals. The CLO, first introduced in 1989 by General Electric, is positioned within the executive committee and holds decision-making authority to strategically connect employee development with organizational objectives. The CLO fosters a culture of continuous learning, ensures effective resource utilization for talent growth, and influences talent management. Despite the CLO’s impact on employee engagement, performance, and talent retention in Fortune 500 organizations, its adoption across industries has been slow, partly due to the lack of standardized training for this role. However, as companies recognize the importance of the CLO, higher education institutions may develop specific coursework and programs for these professionals.
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