Academics
August 12, 2024

Importance of Employee Training And Development

Employee training and development isn’t just about teaching employees to do their jobs. It’s about showing employees that they are valued and upward movement in the organization is possible. When employees don’t see opportunity, they don’t bring their best selves to work.Of course, employee training isn’t just about delegating or making things easier for management. A solid and unique training and development program can give employees a sense of ownership in their role and a future vision with the organization. And when companies don’t invest in learning and development and create paths for growth (beyond pay bumps), employees will start looking for jobs elsewhere.In fact, in a 2021 Pew Research Study, 63% of respondents said no opportunities for advancement is what pushed them out the door. Lack of growth opportunities was the top reason for leaving – above pay, benefits, and workplace flexibility.  
A recent Great Place to Work LinkedIn poll also shed light on the critical importance of training and developing employees for retention.According to the poll, 43% of people called out a lack of growth opportunities as the top reason they quit their last job.

Training will become more personalized

One of the leading trends in corporate training is having a growth mindset. Training will become more focused on long-term career goals and professional development instead of specific tasks to master the job at hand. This makes sense if you think about how fast technologies are changing. A successful employee is no longer one who has achieved narrow specialization, but one who’s flexible and willing to learn many different things.