Here’s The Secret to Employee Retention and Productivity
Companies who strive for success are often followed by consistent innovation. In parallel, the employees of these businesses must remain relevant and sharp, while constantly acquiring new skills to stay on top of industry trends. However, employees can’t evolve with positive benefits if their employer isn’t offering any support to do so. Therefore, the company falls, and employee retention becomes practically non-existent.
The #1 reason people leave their jobs is due to the lack of career development and advancement, according to a recent McKinsey study.
So, what is employee development? With assistance from employers, the process involves employees pursuing professional training or learning opportunities to enhance their careers and grow their skills.
No one wants to work at a company that doesn’t appreciate their employees and the value they bring. Employee development is important in the growth of a company and it’s an investment worth making. According to CNBC, 94% of employees would stay with their employer longer if that company invested in education and development.
How does this affect you, the employer?
If employees don’t receive any type of training and education to improve their skills, they will become disengaged. Consequently, this will lead to problems with work quality, productivity, and customer satisfaction. 92% of employees claim that training programs that are well executed have a beneficial impact on their overall engagement.
As reported by Sprout Social, when employee development is invested in, it makes the company more profitable! So, how can you, the employer, make development a top priority? Assessing your current workforce and company against your desired future is the first step in creating a plan. The opportunities you provide for your employees must meet their aspirations in all areas of their life.
Luckily, you don’t need to look far.
At Bundle, we make providing employee development easy. Our goal is to help YOU improve your company’s employee retention and happiness. Through our live 1:1 and group sessions, our instructors make the process of skill building and gaining a productive mindset more attainable than you think! Our sessions support your team’s wellness, productivity, connection, personal and professional development, and overall– an inspiring workplace experience. Learn more about how your business can reap the benefits Bundle has to offer!
