Peak One now offers Personal Development Accounts through OneRange, an open marketplace that your employees will actually use for upskilling.
What are Professional Development Accounts?
Today’s workforce prioritizes continuous learning and career growth. Investing in your employees’ professional development leads to reduced turnover and a highly skilled workforce. Professional Development Accounts empower your employees to take charge of their learning journeys, giving them access to the courses, tools, and programs that deepen their expertise and enrich their careers.
By offering Professional Development Accounts through OneRange, an intelligent upskilling marketplace, you can provide your employees with employer-funded resources for upskilling, certification courses, workshops, and other learning initiatives. This strategic investment helps attract and retain top talent, fosters a growth-oriented culture, and ultimately enhances your organization’s competitiveness.
Defining Your Program and Implementation
Your organization determines the budget allocated to each employee, connects your HRIS or uploads a CSV of your employee roster, and designates the approval structure. Eligible expenses may include:
- Online courses and certification programs
- Periodical subscriptions and books
- Industry conferences and workshops
- Professional coaching or mentoring sessions
An intuitive OneRange dashboard allows both managers and employees to easily track fund usage and progress.
How Does it Work for Your Employees?
Professional Development Accounts make it easy for employees to discover, request for approval, and pay for professional development resources without the need to spend money out of their own pocket or wait for reimbursement.
Employees receive access to their Professional Development Account through OneRange and once enrolled they will see their remaining budget, AI-powered recommendations, and assigned learning pathways. They can select from an open marketplace of over 20,000 vetted resources from more than 1,000 providers and can easily add a resource and request approval from their manager. Once approved, they will be issued a virtual card that can only be used at the approved vendor for the approved price.
Benefits to Your Organization
By offering Professional Development Accounts, you:
- Build a Skilled, Future-Ready Workforce – Encouraging ongoing skill development prepares your team to adapt to new challenges, technologies, and market changes.
- Enhance Talent Attraction and Retention – Showcasing your commitment to employee growth makes your organization more appealing to top talent, boosting morale and reducing turnover.
- Support Continuous Improvement – Providing convenient, flexible access to learning resources ensures employees can refine their expertise as needed, ultimately driving innovation and organizational success.
To get started or to request a demo of the OneRange platform, contact your Peak One Account Advocate today! You can also visit their website to learn more, https://www.onerange.co/.