Are you tired of hiring job-hoppers? If yes then trust us, you aren’t alone. This difficulty is being faced by businesses globally at a pivotal time for the labor market. So why don’t we just come together and focus on onboarding some solutions that can resolve this issue once and for all? A solution that will tie your best talents with the TLC (Tender, Love, and Care) chains and make them cling to your organization for a long time.
Enroll in a Leadership & Management-focused L&D program – build highly skilled future leaders and attract and retain talents in your organization.
Employees are assessing their conditions and their possibilities due to the frequency of job-change and resignations brought on by the global virus outbreak. Therefore, it's more important than ever to make sure your staff feels appreciated, challenged, and pleased. To accommodate employees' demands for flexibility, professional advancement, and support for their mental peace, businesses are also adapting their cultures and policies.
Learning and development (L&D) are crucial in creating a work environment that motivates people to advance and remain with your company.
Methods By Which L&D Can Increase Employee Retention
Jotted down below are some effective methods with the help of which L&D increases employee retention:
1. Employees that are engaged are more inclined to stay on the job
You're likely not all that invested in keeping up with your work if you find it boring or uninspiring. This obvious truth explains the relationship between employee engagement and staff retention.
There are three crucial ways of L&D that help in employee engagement and retention:
- Create community
- Offer purpose and
- Leverage curiosity
Employees who have learning opportunities feel more fulfilled on a professional and personal level. Every day, they work further not only for the company but also for their personal interests. And they consistently feel as though they are developing abilities that are important for their careers. As a result, providing your employees an opportunity to learn and develop is the best possible way to retain them. Also, most employees dream of being the leader of their team. And perhaps nothing else than effective Leadership Programs that hone their leadership skills can win their heart.
2. Internal mobility energizes motivation and a career goal
Internal mobility is becoming more and more of a concern in employee retention, and L&D may play a critical role in promoting it.
According to a Pulse of the American Worker survey that Prudential did last year, 26% of the numerous workers who changed careers during the COVID-19 outbreak claimed that their decision was motivated by a desire to try something new. "Mobility opportunities" were identified as the second most crucial aspect in their decision to remain with their current company.
Employees can learn and develop the skills necessary to advance sideward or upward within an organization with the aid of L&D programs. In turn, this makes it easier to fulfill the natural human desire to attempt something new with the Leadership and Management skills earned from L&D training programs without changing employers.
Only one in five respondents to LinkedIn's Employee Well-Being Report indicated that they felt they could achieve their career objectives where they now work and that their manager and organization supported them in doing so. This suggests that employers are still lacking in this area.
3. L&D fosters togetherness and cooperation
Business executives are looking for innovative solutions to encourage cooperation and unity among their employees in light of the development of remote work. When employees experience isolation, it is challenging to create a culture at work that is compelling.
Community-based and social learning is advantageous for this reason. Strong programs provide staff members the chance to collaborate and learn from one another. Among the L&D specialists surveyed by LinkedIn:
- 86% feel that collaborative learning makes learning more interesting and
- 91% believe that collaborative learning makes for more effective employees
- 92% think that education fosters a sense of community.
Belonging, prosperity, and social connection generate tradition. According to the Employee Well-Being Report, people who work in environments with high ratings are 25% more likely to say they are happy there and 31% more inclined to suggest it to others.
Moreover, a good Leadership Development Program enables potential employees to unleash their leadership skills and lead and support their teammates like a true guide which ultimately benefits the organization.
Employees will inevitably be more eager to spend their efforts in the firm if they believe that the company is investing in them for their growth. They are actively developing the capabilities that enable that organization to innovate and expand at the same time. It's a positive feedback cycle that promotes staff retention and ultimately corporate success.
Select the best-suited Leadership Programs for your employees and empower them with the right skills for the growth of your organization.- contact LearNow for further queries.