If you train them, they will stay!
Businesses who don’t focus on learning are going to lose out — in performance, engagement, and retention.
According to LinkedIn’s 2018 Workforce Learning Report, a whopping 93% of employees would stay at a company longer if it invested in their careers.
Development is no longer an optional perk or reserved for only certain positions. It’s expected by today’s talent.
Because employees feel appreciated when they are learning and growing!
Having training and professional development programs in your business means you not only care about getting work done, but also appreciate all your employees.
Some companies only want to hire qualified employees (who had to spend money to get training) as a way of reducing costs and getting work done. This is simply a disastrous approach when it comes to both retention and commitment.
Training inspires your team to do better work!
59% say it improves their overall job performance. 51% believe it gives them improved self-confidence, and 41% claim it helps their time-management skills.
I recently had the privilege of doing some Storytelling and Presentation skills training with Whirlpool Canada. The guests were so hungry for, and invested in what they learned, that they built some of the most fascinating Lego® models of how they plan to bring the training to life in their day to day work.
Back to the all-seeing and all-knowing LinkedIn. A recent survey of 2,000 business leaders found that more than half (57%) put soft skills over hard skills when it comes to what they need their employees to develop.
The top four soft skills are leadership, communication, collaboration and time management. These may feel like table stakes for your high performers, but they can always be improved upon.
So the bottom line on training is, it affects the bottom line!
According to HR Magazine companies that invest $1,500 on training per employee can see an average of 24% more profit than companies who invest less.
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