Investing in Training for Your Employees Can Save You Thousands

Speaker at business training in the conference hall lunch and learn training success institute australia

Did you know that there is a direct correlation between employee turnover and learning and development? In a research paper presented by the Saratoga Institute, which specialises in quantitative human resources measurement systems, the average company loses about $1 million for every 10 professional employees who leave.

The bottom line is that managers and employees are more likely to feel valued and stay even when things get tough rather than start looking for other opportunities if they are invested in.

If your organisation is losing a lot of employees, especially to competitors, perhaps conducting exit interviews and asking how they felt about the level of training and coaching are received could be very helpful to determine whether your organisation needs to increase the amount of training and coaching it is providing its people.

Post Author: Paul Puckridge