If you truly want to attract and retain the best employees, you will need to incorporate ongoing professional development training into your business model. Your employees will be much more likely to be satisfied and engaged in their work when they feel like a valued member of a team.
- 40% of employees who receive poor job training leave their positions within the first year. (Source: go2Hr)
- 68% of workers say training and development is the most important workplace policy. (Source: ClearCompany)
What about my return on investment?
A better question might be to ask what would be possible if your employees were satisfied and fully engaged in their work. Resources invested in staff development will directly impact the success of your business. The upheaval of constant turnover can drastically affect your business’s bottom line.
Regular opportunities for learning, growth, and improved communication can provide employees with skills and tools they need to work more efficiently, become more productive and have a better attitude about their work. This leads to improved results for your business.
- Investing in the growth of your employees by offering personal and professional development training can increase productivity by 5.2%. (Source: Lightspeedvt)
- Studies have shown that organizations with employee development programs are six times more likely to increase employee engagement, have lower rates of turnover, and have a 2.5 times higher productivity rate than organizations that haven’t yet implemented a career development strategy.(Source: VisibilitySoftware)
As it becomes more difficult to find and recruit highly skilled job candidates, it is increasingly important to invest in training and developing your existing employees. At Create a Vision Coaching, we would love to work with you to improve the effectiveness and engagement of your staff so your business can thrive.