Organizations who are perceiving the informal learning as the valuable asset of the company as well as are engaged in validation processes can get significant profits out of this approach. According to the 2010 European Inventory those are as following:
- increase motivation and interest in workplace practice on the part of the employee/learner;
- reduce the amount of time needed to complete a qualification and therefore require less time away from the workplace;
- generate new ideas and developments in the workplace as a result of a process of reflection on practice by the employee/learner;
- improve employee retention and reduce recruitment and training costs.
In some cases the company needs to demonstrate that its workforce is highly qualified, for example when competing for contracts or seeking insurance for safe working on an assignment.
Source European Inventory 2010: http://www.cedefop.europa.eu/EN/about-cedefop/projects/validation-of-non-formal-and-informal-learning/european-inventory-scope.aspx