Employees want to work for companies that invest in their people. Here's what to consider when offering skill-building opportunities. successfactors ad
Continuous learning can boost both employee morale and the bottom line.
For companies hoping to retain and attract talent, providing ample opportunity for personal development can reduce not only turnover costs but hiring costs by better using and nurturing the potential of the talent they already have. It can also help increase engagement, retention, and productivity by allowing people to create a career that aligns with their passion.
This year's unprecedented rate of employee resignations has made it clear that when workers are forced to choose between their current obligations and the potential for personal growth, they'll choose the latter. It is therefore in every organization's long-term interest to provide time for employee development.
Some organizations amass learning resources for their employees from a wide variety of sources and vendors but encounter low rates of adoption and success."There's so much choice, so much content, so many solutions available," said Margit Bauer, director of solution marketing for SAP SuccessFactors Learning."People are overwhelmed."
Hands-on development opportunities can engage employees, reduce hiring costs, and make companies more agile "They can actually develop themselves within the context of their current role, perhaps by joining a short-term project to enhance those skills, taking on something new for a specific period of time," Beal said.
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