4 Outcomes You Should Be Seeing From Your Employee Training Program
Many employees want their employer to provide training. “Roughly 86% of employees say that job training is important to them—and nearly three out of every four (74%) are willing to learn things outside of work hours to improve their job performance,” explained an article by Curiosity at Work.2 “Only 52% of employees think their employer provides the right amount of training.”
Do you offer your workforce employees training? If so, here are a few outcomes you should be seeing as a result of your employee training program:
1) Increased productivity - When an employee training program is effective, worker productivity soars. This results in a much healthier bottom line, which is critical in the post-COVID business world where many companies are scrambling to financially recover from the pandemic.
2) Better employee morale - As mentioned earlier, workers want to be trained. Without training, it is challenging to succeed in one’s work role, so it makes sense that employees see the need for more L&D opportunities.
A CNBC article4 reported, “94 percent of employees say that they would stay at a company longer if it simply invested in helping them learn.” Moreover, referring to a study, HR Dive5 explained,
3) Lower staff turnover - Employee turnover is at an all-time high. According to an article by Unleash,6 “In 2021, 15% of employers filled positions in 1-2 weeks…in 2022 half as many respondents are filling positions in this time, according to a study by HireVue of 1,657 hiring leaders across the globe.” The article also stated that 55% of respondents claimed to have higher staff attrition in 2022, and 25% of organizations saw turnover of at least 14% of all their workers.
4) Better retention and attraction of top talent - Top talent isn’t always easy to come by. When organizations have talented employees, they should do all they can to retain them. It’s also important that organizations consistently draw top talent and maintain a talent pipeline. Employee training can make it easier for companies to keep and attract top talent.
Training plays an integral role in the socialization process for many employees. Employees enter the employment relationship with many expectations and desires. When these expectations and desires are fulfilled, the employee is able to better identify with the company, resulting in a more committed employee. In turn, when a training program fails to meet these expectations, there is usually a negative attitude change. These unmet expectations can lead to a decrease in commitment and a greater likelihood of turnover.
References:
https://www.topyx.com/lms-blog/4-outcomes-you-should-be-seeing-from-your-employee-training-program