We have all heard about the Great Resignation or Quiet Quitting, or the many other reasons for top talent leaving jobs for “greener” pastures. There is certainly no “one” reason people leave their employer, but we can confidently identify steps on how to retain good employees and why it’s so critical.
Retention and recruiting
A critical mission that employers must figure out quickly is how to retain and keep great employees engaged in your company. While there is no foolproof recipe to retaining a great employee, a great training program can be a competitive advantage to both recruiting and retaining top talent.
Some believe that investing in training staff will make the person more marketable and ultimately leave the company. But investing your time and resources in your employees can lead them to having greater confidence and loyalty to your company. When shopping for a new employer, career development and growth are often one of the top requirements in a candidate’s wish list and those companies with a strong reputation for both will often win the war for attracting top talent.
Training promotes growth
Attracting top talent is just as important as retaining it and should be part of an organization’s overall recruiting strategy. Poorly trained employees who are not confident in their ability to perform often leave their employers due to frustration and feeling inept. Fostering a person’s career development through training and mentorship, however, can lead to an increase in motivation and the desire to perform at their optimum level. Training promotes job enrichment and can incentivize someone to want to stay at your company, ultimately reducing turnover.
Benefits of having structured training programs
Employees want to be part of a successful organization and one they are proud to call their employer. So how is this done? Look at our suggestions in the list below.
- Structured training and mentor programs drive success and personal and professional growth allows staff to quickly pivot to changing business demands.
- Creating curriculums to develop skills needed for a promotion can also drive company competitiveness in your industry and marketplace.
- Well-trained employees can provide your customers with an elevated experience when engaging with your business brand.
- Engaged and loyal employees who are set up for success lend a hand in reducing turnover.
One way to stop losing employees to your competition is by investing in staff training programs that will allow for personal and professional growth within your business. Your operating costs with decrease as a result of correctly implemented training programs. Our take is a business’s priority should be retaining and mentoring their current employees, while also growing their top talent and attracting new top talent. When people are confident in the work they do and their employer, they will keep producing results.