Understanding The Impact Of Training On Employee Retention

Employee retention

Employee retention is a top concern for most organizations because losing a high-potential employee can feel very disheartening. Companies invest a lot of money in grooming employees to become an important part of their work culture, and when they resign it can feel like a major setback.

But certain organizations enjoy employee loyalty and have very low employee turnover. The difference between such organizations and those who struggle to retain their employees is their investment in employee growth.

More often than not, people choose to work for a company that values them. And what better way to make them feel valued by investing in their career and personal growth? Training them for relevant skills can do wonders not only for them but also for the company.

A highly skilled and motivated team is any business’s greatest asset. However, as business owners navigate the so-called “Great Resignation” era, it has never been more difficult for entrepreneurs to attract, connect with, and retain talents. 

Training and development opportunities are another arrow in the quiver to strengthen and retain your team. Leadership and management programs such as the Corporate Coach Group can help you design a bespoke training strategy for your business and elevate your best talents to leadership roles. 

Unsure about the benefits of this investment? Check out the facts below!

This article focuses on exploring the critical link between training and the rate of employee retention, and how the former enhances the latter.

Training enhances employee productivity:

With training, employees learn new skills which help them discover better ways to do their jobs. This leads to lesser mistakes and more efficiency in their work. It also adds to their existing skillset and expands their pool of knowledge.

With this, the chances of them being more productive in their work greatly increases. This helps them grow faster within the organization based on their performance and ensures they stay longer with the company.

Training increases employee confidence:

Often employees are given responsibilities without being told the best way to fulfill them. Although they have the skill to do their job, they may lack confidence because they have not been trained to do it accurately. Training breathes new life into an employee’s existing pool of knowledge and helps them learn in-depth about important topics.

It addresses their skills gaps, reveals hidden capabilities, and provides them a way to get more competent. With new skills under their belt, employees can go ahead and face work challenges with confidence. Ultimately, it increases employee satisfaction when they are able to perform better, which increases the chances of retention.

Training motivates remote employees:

Remote employees often lack the motivation to perform because working in isolation makes them feel disengaged. There is a lack of social engagement too. This leads to them feeling unhappy in their jobs and quitting quicker than usual to find something that excites them. 

This can be tackled by providing them online learning opportunities that do not just help them learn new things but are also fun and collaborative. For instance, with the Docebo gamification LMS, you can deliver an engaging online training course that has entertaining game-based elements like quizzes, reward points, badges, etc. 

Training increases job satisfaction:

Since training challenges employees to grow, it helps them fulfill employer/manager expectations successfully. Knowing they are doing well in their job is a major source of happiness for employees. It encourages them to give in their best every day in their work which helps a company achieve its targets faster and better. 

Employees understand that learning & training programs are expensive to build and take a lot of effort. By offering learning opportunities, a company shows that it is committed to employee growth. This makes employees feel valued and increases their loyalty to the organization ensuring they stay for the long haul. 

Employee Retention Conclusion:

Training existing employees is comparatively cheaper than hiring new ones and waiting for them to get acquainted with the company culture. At the same time, there is always a more competitive salary being offered by a rival company so retention becomes a dire need. This is why providing training is an ideal way to retain employees.