How Training Impacts the Employee Experience
When you provide training to an employee, they realise that you’re interested in their future growth and development. This simple act can change their perception of the job, the company and their future within both.
A study conducted by LinkedIn found that 93% of organisations across the globe are concerned about employee retention, while the same study also found that providing learning opportunities to employees is the number one way organisations are working towards improving retention.
Results of LinkedIn’s 2023 Workplace Learning Report also suggest that job-seeking motivations vary across different age groups of employees, with the youngest employees (aged 18 to 34) more likely to value opportunities for career growth within the company, as well as opportunities to learn and develop new skills.
With 89% of L&D professionals agreeing that proactively building employee skills will help navigate the evolving future of work, training can be an effective tool to build employee retention and engagement, while also helping employees navigate the ever changing world of work. When employees feel engaged, they take 41% fewer sick days and increase their productivity by 17%.
Employers often worry that by training their employees, they’re setting them up to seek higher level jobs elsewhere. This doesn’t have to be the case, however, as training employees well and providing training can help to create a strong retention strategy. In fact, it’s reported that employees who made an internal move at the 2 year mark have a greater chance of staying within the company by 75%, compared to 56% of those who didn’t have the opportunity to make an internal move.
As well as providing training, it’s essential to also show clear routes for progression within the organisation as the employee becomes more qualified. If employees are lacking in knowledge, then this can also have a serious impact on their colleagues.
Under-skilled managers, weak links and costly errors can do significant damage to the bottom line of any business.
Poor management can easily drive away otherwise engaged employees, so consider whether this could be remedied with future training.
Two in five employees have left a job at some point in their career due to poor management, based on a survey conducted by Visier, so it’s safe to say this is a major contributor to a poor employee experience.