Have you ever wondered if you should invest in training for your current workforce but are worried if you make that investment they will resign in 3, 6 or 12 months and you will lose out on that investment?

Well, let’s look at the statistics:

  • 40% of employees who don’t receive the necessary job training to become effective will leave their positions within the first year. 
  • Roughly two-thirds of workers felt workplace training should continue throughout their career, regardless of their seniority
  • A recent national survey of over 400 employees spanning three generations (Baby Boomers, Generation X, and Millennials), 70% of the respondents indicated that job-related training and development opportunities influenced their decision to stay at their job. The Millennials had the most significant results, with 87% of them citing access to professional development or career growth opportunities as being very important to their decision of whether to stay or go.

If employees think lifelong learning is this important, then shouldn’t you?

Some of the top reasons for employees moving on from a company are lack of engagement, lack of job satisfaction and progression opportunities. If we think about that for a second, these reasons can be made redundant by investment in training. With training, you not only make your employee feel valued but it also shows the company considers their skills and contributions as worthy of further investment. When equipped with the knowledge and the correct skill sets, an employee can confidently decide to apply for advanced roles in the company.

As the famous quote by Richard Branson says “Train people well enough so they can leave, treat them well enough so they don’t want to”

At ICE Group, we have a number of training opportunities just a click or call away. Pitman Training offers a wide range of training opportunities. For more information see www.pitman-training.ie. Western Management Centre is the leading business and health and safety training provider in the West of Ireland, with course schedules available on www.wmcgalway.com. If you wish to be part of a subsidised training network, Galway Executive Skillnet can assist you with individual courses or training for staff groups – visit www.galwayexecutiveskillnet.com to learn more.