![]() In turn, they feel like a valued part of the company, and more empowered to do their jobs. This is especially true of Generation Y who find opportunities to learn and grow extremely important. When you provide employees with learning opportunities, they see that you are willing to invest in their success. Employees take their knowledge and productivity with them when they leave, while the company gets stuck with new hiring costs and low morale. Losing employees comes with a big price tag. In a 2011 survey of 2,500 companies, companies that had comprehensive training programs had 218% higher revenue per employee and 24% higher profit margins! Advantage 4: Increased employee retentionĪn average company loses 41% of their staff within three years, and one method to slow this is to provide adequate learning and development opportunities. All of which positively affect your bottom line. The know-how and skills that employees learn through successful training programs translate to tangible benefits like increased sales, fewer accidents, improved processes, and more satisfied customers. Advantage 3: Improved knowledge equals increased profit Companies that had comprehensive training programs had 24% higher profit margins Learning opportunities and training address these, where material items fall short. Rather, employees want to feel empowered, valued, and inspired. Surprisingly, material benefits such as a company car, influence motivation less than you might think. Like job satisfaction and engagement, motivation has many benefits such as lower turnover and increased productivity. ![]() When you provide learning opportunities, your employees can apply their new skills and take on new challenges at work, which improves their level of enthusiasm for their job.Įmployee motivation, according to inc.com, refers to “the level of energy, commitment, and creativity that a company's workers bring to their jobs”. Advantage 2: Increased employee motivation In today’s workforce, the level of engagement is quite low only 13% of employees feel engaged at work worldwide! This should not be ignored, as satisfied and engaged employees are more profitable, less likely to miss work, and provide better customer service. It also gives them the tools they need to grow and feel confident at their job! Job satisfaction is closely tied to an employee’s level of engagement. When you invest in their training, it shows them that they are valued by their company. Many things contribute to job satisfaction, but it all boils down to people being able to feel good about what they do at work. One of the main benefits of employee training is that opportunities for learning and career growth increase employees’ levels of job satisfaction. Advantage 1: Increased job satisfaction and employee engagement When you invest in employee training, it shows them that they are valued by their company Implementing an employee training program is an important aspect of making the most of your human capital, gaining a competitive edge, and ensuring employee satisfaction! Read on to learn more about its important role. Can Easy LMS help me implement employee training at my organization?.
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