Training Programs Improve Employee Retention

By Dennis McCafferty  |  Posted 07-26-2013

Training Programs Improve Employee Retention

Out the Door  Three of five employees would leave their current position for a competitive offer.

Training Programs Improve Employee Retention

Training Programs Improve Employee Retention

Abandoned Assets  Only 54% of employees who are "extremely likely to leave" feel their employer has invested in them.

Training Programs Improve Employee Retention

Training Programs Improve Employee Retention

Self-Taught  Only half of the employees who are extremely likely to leave say they have access to ongoing training opportunities.

Training Programs Improve Employee Retention

Training Programs Improve Employee Retention

No Direction Known  One-quarter of these employees have their career path clearly mapped out.

Training Programs Improve Employee Retention

Training Programs Improve Employee Retention

Mission Critical  91% of organizations feel that developing employees is "very" important.

Training Programs Improve Employee Retention

Training Programs Improve Employee Retention

Lip Service  Only 53% of companies currently have an employee engagement program that focuses on development, and 30% have no plans to do so.

Training Programs Improve Employee Retention

Training Programs Improve Employee Retention

Biggest Barriers for Company-Led Employee Training and Development  Lack of time: 57%Lack of budget: 40%Lack of formalized training and development approach: 32%

Training Programs Improve Employee Retention

Training Programs Improve Employee Retention

On the Sixth Day …  64% of hiring decision-makers say that if they had an extra day in the work week they would spend it developing existing employees.

Training Programs Improve Employee Retention

Training Programs Improve Employee Retention

Biggest Benefits of Employee Development  Higher engagement levels: 67%Greater efficiencies: 61%Lower turnover: 30%

Training Programs Improve Employee Retention