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. Comparing millennials to older workers, the former has proven to have higher probability of leaving their current jobs and this is something that resulted from previous studies made by experts. Contrary to what one may expect, millennials tend to hop from one job to another not because they do not like their compensation in the job but, because they tend to feel that their current company isn’t able to satiate their craving 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 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. 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.
Today, the value of top companies cannot be measured by their annual revenue alone. Today, a company that’s capable of providing more advanced and innovative products would surely be able to stand above the competition with ease. 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.
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. 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.
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