You probably have heard the story of CFO and CEO:
„CFO: What happens if we train them and they leave?
CEO: What happens if we don’t and they stay? “
Organizations are often afraid to invest in their people. They are afraid that training and development programs are wasted money since people will leave one day anyway.
Yes, of course, they will leave your company one day, but so what? Would you rather have an unhappy team with no necessary skills working for your organization or happy team with top of the line skills?
Happiness matters in the workplace! By now you should know that happy employees are more engaged and loyal, they are more productive, more creative and less sick. This means that you definitely should look into ways how to make your people happy.
One way to do that is to .
Still afraid spending money on people training and development? Well, let’s take a look what different surveys are saying about the importance of training:
– A 2016 Pew Research Center Survey (PRC) of about 5,000 Americans found that about 54% of adults in the labour force consider it essential for them to get training and develop new skills throughout their work life in order to keep up with changes in the workplace. According to PRC survey, adults with higher levels of education see a greater need for ongoing training. Some 63% of adults with a bachelor’s degree or higher level of education say they will need to keep advancing their skills throughout their career, compared with 45% of those with no college experience who feel the same sense of urgency. Survey also revealed that adults who are working in certain STEM-related industries of science, technology, engineering and math are among the most likely to say ongoing training and skills development will be essential for them.
– Glassdoor and market research firm Harris Interactive asked nearly 1,000 U.S. employees about their own opinions on the value of higher education. 82 percent of respondents said that their undergraduate degree has, indeed, helped to boost their career. However, when it comes to further acquiring the skills they need for their job, 72 percent of employees said they value specialized training over earning a degree. Additionally, 63 percent of respondents said they believed that non-traditional ways of learning new skills–such as certificate programs, bootcamps, webinars and massive open online courses–could help them to also earn a bigger paycheck.
– Gallup’s latest report, How Millennials Want to Work and Live, reveals: 87% of Millennials say that development is important to them. According to the report, 59% of millennials say opportunities to learn and grow are extremely important to them when applying for a job. Comparatively, 44% of Gen Xers and 41% of baby boomers say the same about these types of opportunities. Millennials assign the most important to this job attribute, representing the greatest difference between what this generation values in a new job and what other generations value.
So, keep your employees happy by organizing different learning and development programs!
What is your experience with people attitude towards learning and development programs?
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