Deloitte Invests $1.4 Billion in the Future of Learning and Development

Deloitte Invests $1.4 Billion in the Future of Learning and Development

This IDC Market Note discusses Deloitte's survey results that spoke well of the organization's December 2022 commitment to commit $1.4 billion in new and continuing investment in the transformation of the firm's internal learning and development (L&D) environment. In June 2023, Deloitte realized the results of the 12th edition of the Deloitte Global 2023 Gen Z and Millennial Survey. The results showed continuing trends in rising stress among both generations tied to feelings of financial insecurity and environmental risks. Both generations noted that they need stronger work-life balance as their personal stresses outside of work accelerated faster than simultaneously rising financial and work-related stress. When asked what would help alleviate stresses and reinforce the employer as a partner in personal issues and success, both generations continued to rank investments in modern and relevant skills development, training, and growth as the top 5 resources that would incentivize them to join — and stay with — the organization.

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