Skillsoft Releases New Report Exploring 2021 Learning Trends and the Future of Skill Building

Rhea-AI Summary

Skillsoft (NYSE: SKIL) released its Lean Into Learning: 2021 Annual Learning Report, revealing a 55% year-over-year increase in users on the Percipio platform and a 45% rise in total hours of learning. The report highlights significant challenges for organizations, including navigating remote work and a growing skills gap. A survey indicated that 83% of decision-makers prioritize training and development. Notably, there was a 120% increase in compliance learning and a growing interest in security content.

Positive

• 55% increase in users on the Percipio platform year-over-year.
• 45% rise in total hours of Percipio learning consumption.
• 83% of decision-makers prioritize training and development.
• 120% increase in compliance learning consumption.
• 30% increase in security-related content consumption.

Negative

• None.

Skillsoft’s Lean Into Learning: 2021 Annual Learning Report provides data and guidance for addressing skills gaps, hybrid learning, and the war for talent

BOSTON--(BUSINESS WIRE)-- Skillsoft (NYSE: SKIL), a global leader in corporate digital learning, today released its Lean Into Learning: 2021 Annual Learning Report, exploring the top challenges and opportunities facing today’s workforce, as well as trends in learning and development and the role it plays in transforming organizations and employees. With businesses prioritizing building future-fit, resilient teams, the report highlights a 55 percent year-over-year increase in the number of learners on the Skillsoft Percipio platform and a 45 percent increase in total hours of Percipio learning consumption in 2021.

Events of the past year have created numerous obstacles for organizations to navigate including the shift to remote and hybrid work, the rapid acceleration of digital transformation, and a widening technical skills gap. As companies seek to reinvent themselves, improve the overall health of their business, and motivate staff, they are placing an increased emphasis on employee development. In fact, a new survey conducted by Skillsoft and IDG found that 83 percent of decision makers are making training and development a critical priority.

“The nature of work – and consequently the nature of the workforce – has evolved at a rapid pace. Digital transformation, a global pandemic, and a changing workforce have caused companies to rethink how they conduct business and the talent required to innovate, meet customer needs, and exceed employees’ expectations,” said Jeffrey R. Tarr, Chief Executive Officer, Skillsoft. “Where there is change there is opportunity, and this disruption is driving workplace reinvention and a heightened need for learning. Competency is the new currency, and by creating cultures of learning and development where every team member has access to the tools needed to develop new skills and succeed, employees and businesses alike can achieve their full potential.”

In 2021, Skillsoft observed strong growth in total hours of Percipio learning consumption across Compliance (120 percent increase), Technology & Developer (36 percent increase), and Leadership & Business (30 percent increase). Amidst a highly disruptive year for cyberattacks, Skillsoft also saw a 30 percent increase in consumption of Percipio security-related content. In analyzing the 20 most popular topics across all disciplines, IT and technology-related subjects comprise 40 percent of the list, with security courses holding two of the top three spots. Additionally, nearly half of the list comprises power skills such as communication and understanding unconscious bias.

As employees continue to adapt to new workplace dynamics and take on added management and leadership responsibilities, in 2021, Skillsoft also saw strong interest in its Percipio Aspire Journeys, sequential learning pathways that build on current skills and provide guided roadmaps to success. The three most completed Percipio Aspire Journeys were “Virtual Work in the New Normal,” “Leadership Development Core Journey,” and “First Time Manager Journey.”

Furthermore, more than 12.7 million digital badges were earned and shared via social media upon completion of Percipio courses and Percipio Aspire Journeys in 2021, a 48 percent increase. Of the 20 most awarded badges, 85 percent were for security, cloud computing, and software development courses.

Download the full Lean Into Learning: 2021 Annual Learning Report here. For more information about how Skillsoft can help with your L&D needs, visit www.skillsoft.com.

About Skillsoft

Skillsoft (NYSE: SKIL) is a global leader in corporate digital learning, focused on transforming today’s workforce for tomorrow’s economy. The Company provides enterprise learning solutions designed to prepare organizations for the future of work, overcome critical skill gaps, drive demonstrable behavior-change, and unlock the potential in their people. Skillsoft offers a comprehensive suite of premium, original, and authorized partner content, including one of the broadest and deepest libraries of leadership & business skills, technology & developer, and compliance curricula. With access to a broad spectrum of learning options (including video, audio, books, bootcamps, live events, and practice labs), organizations can meaningfully increase learner engagement and retention. Skillsoft’s offerings are delivered through Percipio, its award-winning, AI-driven, immersive learning platform purpose built to make learning easier, more accessible, and more effective. Learn more at www.skillsoft.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220131005826/en/

Investors

James Gruskin

james.gruskin@skillsoft.com

Media

Caitlin Leddy

caitlin.leddy@skillsoft.com

Source: Skillsoft

FAQ

What were the key findings in the Skillsoft 2021 Annual Learning Report?

The report highlighted a 55% increase in users on the Percipio platform and a 45% increase in learning hours consumed in 2021.

What challenges did organizations face according to Skillsoft's report?

Organizations faced challenges such as a shift to remote work, rapid digital transformation, and a widening technical skills gap.

How many decision-makers prioritize training and development according to Skillsoft?

According to Skillsoft, 83% of decision-makers prioritize training and development.

What was the increase in compliance learning consumption reported by Skillsoft?

Skillsoft reported a 120% increase in compliance learning consumption.

When was the Skillsoft 2021 Annual Learning Report released?

The report was released on January 31, 2022.