No matter the size of your business or the industry you work in, learning and development remains a critical component of talent retention. Facing an increasingly competitive market, employers simply cannot afford to lose key players due to a poor L&D strategy.
It shouldn’t come as a surprise to anyone that a clearly defined learning journey within a company contributes to employee retention. As soon as an employee feels they are stagnating in a role, they become disengaged with business objectives. Naturally, they will begin to look elsewhere, seeking an employer who is committed to the continuing professional development of their staff. This happens all too often, yet could easily be prevented.
To increase retention rates, employers must first demonstrate to the workforce that their skills are valued and are contributing to the bottom line. From here, employees should be encouraged to embark on new learning journeys – not only to broaden their own skill set, but to play a part in growing the business.
This is where digital learning comes into play. If a lack of learning and development opportunities stems from a lack of time or resource dedicated to traditional training, employers can take advantage of the engaging solutions presented by the learning technologies sector. By building a bespoke learning platform that employees can access on-demand, new recruits and old-timers can grow their knowledge from the comfort of their own desks – or even their mobiles.
As Brexit looms on the horizon threatening to widen the skills gap across a range of sectors, upskilling the workforce should be a key priority for all UK businesses.
New research from totaljobs, has revealed that 2 in 3 UK workers have changed jobs due to a lack of learning and development opportunities. With unemployment rates at the lowest since 1975, employers are increasingly faced with a task of ensuring that they retain their existing talent and totaljobs research suggests that one such way is through training.