Human resource departments are all about providing benefits for employees, whether it's helping them set up a 401(k) or hiring on new talent. However, companies need to invest in their people through more avenues than HR. Your company may have experienced this: You had a hardworking new employee who suddenly quit after a year because he or she got a better offer. It seems employees are constantly looking for a way to trade up, but losing gifted individuals will hurt your company. So how are you supposed to keep your best people even when another offer comes along? Experts all agree that dedicated employee-development programs are essential to job satisfaction.
In fact, a survey conducted by researchers at the Harvard Business Review found that 75 percent of high-achieving employees sent out resumes and completed interviews while working their first job. Furthermore, 95 percent regularly worked on job-seeking activities, such as updating a resume. On average, these workers quit within 28 months of starting their jobs. The HBR noted that employee development may mitigate this issue. Here are some features this type of program needs:
Companies can show they are invested in the professional development of their employees by building promotion opportunities into a job. When people know they can advance in a company, they are more likely to stay. This doesn't mean companies can offer one or two position jumps, as such movement does not take long to achieve. Rather, employees need to see that by sticking with a company, they'll be able to earn an increased wage over many years.
As employees climb the corporate ladder, they'll need new skills. Companies can help them learn important job abilities by providing training sessions and courses. For instance, companies can invest in eLearning courseware that outlines the topics an advancing employee will need to master. eLearning for business is an engaging option, as employees get to watch short, image-driven videos. Most companies that use video training also have employees test their newfound skills as they learn.
By offering such coursework, companies prove to their employees that they want them to advance within the company and become the best they can be at their job. Furthermore, this type of training answers a problem many businesses face: not having the time to implement programs. Companies may neglect training and development because they don't think they have the time to make the program or their staff won't have the time to take it.
ej4's video training services come in off-the-shelf and custom varieties, allowing your business to tailor your training program to the needs of your employees. To see what's available, sign up for our free trial.