Providing employees with the conditions to develop their skills and advance their career motivates employees and helps retain talented specialists. Managers often fear that after training, employees will go to work elsewhere, but statistics say otherwise.
According to a study on the importance of learning and development in the workplace by Mettl, 94% of employees are willing to stay with an organization whose management invests in their career advancement.
What does the employee training process include:
Training and adaptation of new employees: organization of internal courses, trainings and seminars for advanced training.
Mentoring and coaching: Assigning chinese overseas europe data package experienced mentors to support new employees or as they progress through their careers.
Career planning: developing individual development plans for employees within the company and providing opportunities for advancement.
Such support for employees' ambitions dramatically reduces staff turnover, forms a personnel reserve, and prepares specialists for tasks performed in a specific company. Employees who see growth prospects and feel their value are more motivated and interested in their work.
Here are some examples of famous global companies that encourage training of their employees:
IBM has introduced the IBM Career Pathways program, which helps employees plan and implement career growth within the company.
Microsoft offers its employees extensive training and development programs, including access to online courses and internal training.
Training at Microsoft
Google supports the ambitions of its staff and those employees who aspire to take on leadership positions. The management offers coaching and mentoring programs, and other experienced employees are appointed as coaches.
Strategy #4: Create Work-Life Balance
Work Life Balance is an opportunity to effectively combine professional duties and personal life. Every person dreams of such working conditions. And those companies that try to provide such conditions will always be the winners.
What can help in implementing this strategy:
Implementation of flexible hours, partial or full remote work.
Financial guarantees such as paid parental leave, sick leave and other types of leave.
Encouraging regular breaks to prevent burnout.
Holding corporate events for employees, joint recreation or attending thematic conferences.
Employees in such companies are less stressed and enjoy their work more. And management gets loyal staff and no professional burnout.
Examples of famous global companies where this is applied:
Netflix does not limit vacations and sick leave. The company's management does not track how many days off an employee takes, and the total number of vacation days per year is also not limited. What matters to the company is not how much time a person spends on work, but how well they perform their duties .
Working at Netflix
Salesforce has implemented flexible work arrangements and supports well-being programs, including psychological consultations and corporate events for employees.
When developing and implementing a Work Life Balance strategy, company management may have difficulties in managing work processes and meeting deadlines. However, this approach reduces stress levels and helps increase productivity.
As we can see, retaining personnel is not that difficult. The main thing is not to let this process take its course and devote enough time to working with personnel. Then there will be a lin