- January 11, 2023
- 8:48 pm
Education is A Key Factor In Employee Retention
Professional Workforce Development at Washington Adventist University was created to help solve the problem for employers through the most effective means: education.
According to data from Visier, one in four workers quit their jobs in 2021. A forecast from PwC revealed that 65% of the workforce actively looked for a new job in August of 2021. The numbers are staggering, especially when considering that steps can be taken to decrease the potential for employee dissatisfaction.
An organization that suffers from repeated employee turnover runs the risk of losing money, impacting performance and the ability to hire quality talent. Replacing an individual employee can be two times as expensive for the company as retaining their previous hire, especially if that hire was a productive employee. Losing the person in that role could mean a backlog of productivity until, and if, the replacement employee finds their footing in the company.
How Does A Company Combat Employee Turnover?
By focusing on employee advancement overall.
Employees expect a number of things from the organization they work at including, but not limited to, greater work-life balance and better personal well-being, job stability and security, and career growth. All of these can be rectified by education.
Employee Well-being
Employee well-being is critical to an employee’s happiness. Ensuring that they are properly prepared for the position they are taking on is crucial. According to research by the Brandon Hall Group, organizations who have a positive onboarding experience can improve their new hire retention by 82% and even improve new employee productivity by 70%.
According to the 2022 LinkedIn Learning Report, opportunities to learn and grow are the top drivers of great work culture. This significantly impacts employee happiness.
Ensuring that employees are properly trained for the position means that they are likely to stay with the company long-term and increase their personal well-being. Employee well-being also feeds into the stability and security an employee feels in their organization.
Stability & Security
Job stability and security are also impacted by proper education. Employees can potentially feel stable in a position when training is lacking. Ensuring that their skills are up to date can lead them to feel as though their role is valued because of the investment that is made on their behalf.
Mobility
Employees are 12 times more likely to leave a position if there are barriers to career growth and internal mobility. These barriers include training, professional development, and other opportunities for advancement. Employees don’t want to leave a company. They want to grow and feel supported by the company.
Internal mobility is benefited by training.
Nearly a third of employees worldwide want learning programs to help fuel their growth. This includes organizations that do not have qualified workforce development initiatives. Managers are extremely supportive of this. In fact, according to LinkedIn, nearly 91% of managers believe learning can help overcome skill gaps and also work to help their employees find other roles within their organization.
Innovation And Workforce Development
94% of employees would stay at a company if they were offered opportunities to learn and grow. That is why our programs are so important. Without education, a company’s ability to retain its employees decreases drastically.
Professional Workforce Development at Washington Adventist University is designed to impact your workplace immediately. Our programs are a fast-forward approach to developing your talent pipeline.
Interested In Another Program?
Washington Adventist University provides the highest quality training in order to best serve students and surrounding communities. Our specialized career training programs provide up-to-date and in-demand skills, preparation and certification, ensuring that everyone who completes our programs is of the highest caliber.
