Why is company training an effective retention strategy?
One of the biggest incentives for attracting employees in 2022 is the opportunity to acquire new skills to enable them to grow within their career. Investing in employee learning and development not only benefits the individual, but also the company as the employees become better armed to tackle any work challenges that come their way and are able to expand their skill set in the process. The development opportunities that a company provides can significantly increase the chances of an employee staying in their current job.
This blog gives you a quick breakdown of how training serves as an effective strategy for employee retention…
Understanding your employees
When employees see that you are providing learning opportunities with a view to advancing their career, they recognise that you care about their growth and are thus likely to become more committed to their jobs. This leads to higher employee engagement which produces higher business productivity. In addition, when employees begin to feel like the company is invested in their growth and personal development, it gives the employer the opportunity to better understand their staff and build on improving established relationships that they have with them.
Investing in training your employees to ensure they stay ahead of the game with new knowledge and skills proves to be worthwhile in the long run as employees begin to feel empowered. They feel a sense of loyalty towards their employers and stick around in their jobs much longer whilst performing at a level that is often above average.
So, it’s a win-win situation for the employee and the company.
Learning employees’ strengths and weaknesses
Choosing which employees are eligible for a promotion and assessing who has what it takes to adopt a more senior position requires careful consideration. It’s vital to know their strengths as well as their weaknesses to take the right direction for the company to progress and see positive results. Training performance reviews can make this task much easier.
Offering training programmes to employees during the lead up to review meetings allows employers to spot high potential individuals. These employees can then be rewarded and given incentives for their achievements. This boosts employee morale and is a key driver of retention.
When an employee knows that a company is willing to invest in their learning and development, it can give them a sense of reassurance by way of confirming that they are a valuable resource for the company. This leads employees to feel appreciated, which is always going to help in terms of retention
Training makes employees feel challenged to grow. Being able to develop in a position leads to them finding their jobs more fulfilling. When an employee feels good about their contribution to the company, they will develop a greater sense of self-worth and will be motivated to perform better.
Hiring and retaining talented individuals for any company is time consuming and requires a significant investment. Therefore, employers should want to invest in training and developing their employees regularly. At Dialogue, over the years we have seen how investing in an employee’s future pays huge dividends. So, if you would like to explore how our training packages could help you make your team feel valued, please give us a call on +441793 513321 or email us on [email protected].