Why Should You Invest On The Education Of Your Employee?
Throughout the years, millennials have already nabbed the record for being the most job-hopping employees. According to studies that have been done on this topic, millennials are said to more likely bid goodbye to their current jobs in order to jump into another one, compared to workers who are older than them. If you have read your fair share of info about this matter, then you likely already know as well that their leave isn’t driven by lack of opportunity when it comes to money but, lack of opportunity to improve their professional self.
Having a higher employee turnover rate due to these job hoppers can cost your business quite a lot in the long run. If you want to solve this problem, you’ll have two paths that you could take: you could stop going for millennials during your job openings; or you could also still hire them but, find more robust ways that would make them want to stay with your company. The best way for you to make millennials want to stay with your company even more is by rendering them with professional development opportunities in the form of education. Read more here about some of the reasons why you should place great emphasis on investing in the education of your employees.
If you’re a non-profit company, having a high-turnover rate certainly would not be a problem for you. On the other hand, if you want to acquire more profit and value for the company, it is better to work hard on employees that would stay longer in your company. Providing education to employees would satiate their craving for professional development, give them a sense of belonging to the company and will surely be able to make them want to stay longer with your company.
Today, the value of top companies cannot be measured by their annual revenue alone. Nowadays, innovation in the company is equally important and producing things that will leave competition behind the dust is important. To have this advantage over your competition though, having highly trained and capable employees are necessary and this emphasizes the importance of providing them with education even more.
Today, the reputation of an employer has become greatly important for potential employees to even come near it. If all your employees, even those who leave, experience exponential growth while in your care, you can rest assured that after they leave, they’ll provide your company with good reviews that will give you a boost in terms of brand and reputation.