What does the 70-20-10 model in training suggest?

The 70-20-10 model of learning and development asserts that 70% of learning is derived from hands-on experiences, 20% comes from social interactions, such as collaborating and networking with others, and 10% is sourced from formal educational environments, such as structured courses and training sessions. This model emphasizes the significance of experiential learning, reinforcing the idea that real-world application and social contexts play a crucial role in knowledge acquisition and skill development.

Understanding this model is vital because it advocates for a more balanced approach to learning, encouraging organizations and individuals to prioritize practical experiences and social learning opportunities alongside traditional education. This approach leads to a more holistic development, as experiential learning often results in better retention and application of skills in real-life scenarios.