The Impact of Employee Training Initiatives

From: Benefits

The Impact of Employee Training Initiatives

Industry trends, protocols and in-demand skills are always changing. Especially in today’s job market, employers can remain competitive by prioritizing employee learning and development (L&D) efforts.

Why It Matters

Employee retention rates increase by between 30% and 50% for companies with strong learning cultures. In addition, L&D opportunities can increase overall morale due to increased employee performance, productivity and satisfaction. All of these factors can lead to a healthy bottom line.

Types of Training Programs

  • Orientation
  • Onboarding
  • Product training
  • Technical training
  • Soft skills training

Learning and Training Methods

  • Online training or e-learning
  • Instructor-led training
  • Hands-on training
  • Simulated training
  • Coaching or mentoring

Want to recruit and retain more employees? Evaluate the organization’s L&D strategy, because proper training matters to today’s workforce.

74% of employees are willing to learn new skills to remain employable.

76% of employees say that a company would be more appealing if it offered skills training.

To learn more about creating a workplace culture of learning, contact George Belcher Evans & Wilmer today.