Embracing the right level of training, enablement and engagement can dramatically reduce attrition and safeguard the investment made in hiring. Employees who do not feel they can achieve their career goals at their current organization are 12 times more likely to consider leaving than employees who do feel they can achieve their career goals. Even worse, this number skyrockets to about 30 times more likely for new employees. Considering the amount companies invest in the recruitment process and the time lost to filling the same role again, the impact to performance and margin can be significant.
65% of global leaders cite “talent and leadership shortages” as their #1 business challenge and with some skill areas, a full 90% of organizations do not have all the skills they need to be successful. We will look at the recommended action that companies can take to drive the right skills and look at how to link training to the business goals. We will review the benefits of a skilled workforce and techniques to help you measure the ROI of training.