The cost of employee knowledge fade - A lesson on brain science and how we learn
In the UK, employers invest around £42bn in training each year; budgeting, on average, £1,530 per employee. Still, many employees are still unable to retain and recall what they have been taught. Businesses aren’t getting the desired results they want from their training either. So, what’s going wrong?
Fundamentally, we’re guilty of ignoring brain science – and losing billions to completely preventable people-based performance errors.
In this bitesize presentation, we examine why most traditional training methods don’t consider the way that people actually learn and retain information. We’ll focus on The Forgetting Curve, pioneered by German psychologist Hermann Ebbinghaus, who scientifically established that we forget as much as 80% of what we are taught within the first 30 days when there is no attempt to retain it.
The cost of employee knowledge fade is real, but the good news is that there is a guaranteed way to stop it.