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Opportunity

In a recent survey of 34,000 people, dissatisfaction with career development ranked highest in reasons for leaving a company. And workers between the ages of 18 and 35 rank career advancement opportunities as the most important consideration point in evaluating a job. However, only half of workers report that their companies provide upskilling and career development opportunities that actually meet employees’ needs for advancement.

“The high costs of employee turnover can negatively impact your bottom line.”

In fact, you could spend up to 33% of a worker’s salary just to replace that worker. If you’re not providing employees with career development and upskilling opportunities, your business may be losing valuable talent – and serious revenue.

Solution

When you proactively invest in your workforce’s skills, you can increase employee satisfaction, engagement, and retention. Let’s be clear: it’s a lot more cost-effective to train employees and keep them in your organization than it is to search for, hire, and train new workers.

“Backfilling positions isn’t just expensive – it’s time consuming for managers and HR teams.”

WorkLife Partnership’s Upskilling team will create a comprehensive, customized plan for educating and developing your workers. From presentations to group training to one-on-one career coaching, our offerings are scalable and personalized to your individual business needs.

Results

You’ll keep more people: when weighing a decision to stay at a job, 70% of employees reported that access to career development and upskilling influenced their decision to stay.

You’ll create better performing teams: when management commits to employee development, their companies outperform companies that do not have development programs by 202%.

“When you commit to nurturing and developing your existing talent pool and workforce, you’ll see positive results in employee retention, employee engagement, and your bottom line.”

You’ll retain top talent: it’s expensive to replace high-performing, specialized workers. Developing your existing employees leads to higher loyalty, engagement, and job satisfaction – so it’s less likely you’ll have to go through an expensive hiring process to replace top performers.

You’ll strengthen the pipeline: When your company makes leadership changes or restructures in any way, you’ll have a loyal, skilled talent pool to draw from, saving you time and money in a search for outside candidates.

“Only half of workers report that their companies provide upskilling opportunities”

Start the Conversation.

Let’s get started on upskilling opportunities and strategies for your business.