Retaining top talent is a main priority for human resources staff and employers. Recruiters and headhunters are finding new ways to woo and convince employees at every organizational level to leave their current employer and move on to ‘greener pastures.’
Employees leave their jobs with one organization to join another for various reasons. To make more money, enjoy more benefits, work a flexible schedule, and to be part of a more suitable company culture are just a few of the reasons. More recently, employees have been leaving their current positions to seek opportunities to improve their skills. They know that acquiring new, marketable talents can help them to advance their careers.
Employees will leave their current jobs if the payoff for leaving is higher than the payoff for staying. Companies offering advanced training and continuing education benefits as well as the salary to coincide with the level of education are attracting top-rate talent that proves to benefit employees seeking new opportunities.
Here are three reasons how training and continuing education benefits improve employee retention.
Making an Investment
Valuable employees want to feel valued. They want to work for companies that invest in them and the future of their career. For many, being offered the opportunity to continue their education is seen as an investment, and when employers provide training and career development, employees know that their future with the company is a priority.
More Productive Workforce
To minimize mistakes and increase productivity, having employees who are well-trained and able to complete their job tasks is pertinent. After spending years obtaining an education and putting their skills into practice, changes in the industry can throw seasoned employees a curveball. They can become frustrated or feel isolated trying to work through tasks that they have never been given before. By offering education and career development benefits, companies ensure that their workforce is trained on the latest technology and ready to handle industry challenges.
Identifying Company Leaders
Employers want their company to be productive, profitable, and thriving for years to come. This can be a challenge when turnover rates are high, and money is being spent on retraining new hires. Having well-trained employees who are confident in their roles can help employers identify the next set of company leaders. Employees who dedicate time to improving their skills and learning more about the industry are often the perfect candidates for future leadership positions. Providing employee with the opportunity to train and develop their skills allows them to explore new and possible career paths. Employees feel a sense of loyalty to the company and are inspired to work towards promotions and leadership positions.
Professional development benefits employees who want to improve their skills and bring more value to their current employer. It can help them earn promotions and other types of recognition. For employers, it’s an opportunity to show employees that they are valued. Having a highly-skilled staff can increase productivity and benefit the company’s profits and bottom line. Employees who feel valued become more dedicated to their job when they see a clear path to a successful career in front of them. Companies can offer employees the continuing education they need to move up the corporate ladder. Offering training and continuous education is an excellent way for employers to set plans for the company’s future.