Over the past few decades, the perception of the employee has changed from being just a simple human resource to that of a resourceful individual who needs to be trained continuously for the benefit of the organization (and society). This took place due to an increasingly competitive business landscape, rising complexity, and the digital revolution.
Meanwhile, rapidly involving corporate landscape and shorter shelf life for knowledge have placed a premium on learning and development. The shift to a digital, knowledge-based economy means that employees need to be skilled, should have the ability to be exceptional leaders, and should continuously upgrade their knowledge.
Earlier organizations relied heavily on computer-based training (CBT) courses, but this method was slow and unreliable, which created an unpleasant experience for employees. With time, by testing the various modes of learning, organizations realized that learning should be collaborative, social, and interactive. Moreover, the ongoing pandemic situation has opened a plethora of new-age learning opportunities for the employees as well as organizations. The current situation has brought focus to the need of training and upskilling digitally like never before.
Various organizations are redoubling their L&D efforts and making the process entirely virtual via digital methods as work from home (WFH) should not act as a deterrent when it comes to learning or contributing meaningfully to the organization. To support employees, many organizations are providing learning and development allowance to their employees.
Sodexo Multi-Benefit Pass for Digitising Learning and Development Benefit
The Multi-Benefit Card for Learning and development is a 100% digital and tax-compliant solution that employees can use for upskilling or reskilling. The amount can be used as per the company’s policies and may even have a tax advantage for employees*.
Under the allowance model, employers can load the employee’s learning and development account on the Multi-Benefit card and the employee can instantly start using these credits. Additionally, under the reimbursement model, employees can upload their bills pertaining to courses or certifications, thus avoiding last-minute hassle of collating and submitting paper bills.
With this, employees can get the right learning content at the click of a button and an opportunity for upskilling or access to online certification programs. These can help develop a sharp, motivated, skilled workforce, as well as ensure a competitive business edge for the organization.
The COVID-19 outbreak has accelerated digital and organizations that are investing or will invest in digital learning interventions with innovative learning tools for upskilling, reskilling, and continuous learning of employees are the ones that will be able to retain their top talent and create future-ready leaders.
To know more about how Multi-Benefit Pass works, click here
*Income Tax rules are subject to change as per government mandate and notifications