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. One may think that this kind of high probability of leaving is something that’s related to financial matters but, findings have proven that it is not and that the reason for millennials hopping tendencies stems from the extremely lacking opportunity for professional development.
There’s no doubt that by now, you have already realized that the increasing employee turnover rate is something that could bode negative result for your company’s financial aspect. To solve this, you can either still hire a millennial but provide them with more reason to stay or you could halt your hiring of millennials in entirety. The former option is certainly a path you would not like to take but if you want to go for the latter, your option would be to provide them with 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. If you are in the opposite end of the coin, then being able to convince your employees to stay longer would surely provide your company with more value and more capability to make profit. If you opt to provide them with education, they would likely stay as they will feel more valuable in the company but even if they don’t, you shouldn’t worry as they would have still been able to contribute a lot with better skills and knowledge.
Compared to the past, the value of a company isn’t something that can be gauged with pure annual revenue that the company can generate. In our technology-driven world, being able to deliver innovative services and products is one of the key for dominating the market. You’ll surely want to gain this enormous advantage and this is something you can achieve by rendering your employees with education opportunities that will be capable of increasing their capabilities to produce more outstanding results for your business.
Employees are a great part of a company and if you want to gain the attention of more potential talents, you need to have a good reputation today. There’s no doubt that you’ll gain a great increase in your reputation and brand when you are able to provide good impression to all your employees with the act of providing them with good education while on the job.
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