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Undeniable Statistics that Prove the Value of Employee Training

Posted by Guthrie-Jensen Consultants

Your company is like a car, with your employees being the engine that keeps it running fast and smooth. Just like any engine, your employees need constant fine-tuning and maintenance to ensure maximum performance.

An employee training program is the oil that keeps your engine running smoothly. Professional learning and growth opportunities drive employee satisfaction. Would a satisfied employee leave a company they love working for? No, sir, they won’t.

Employee development and training programs are often overlooked, but studies show that investing in training programs is very important in keeping employees happy, satisfied, and engaged. Not convinced yet? Just check out these 10 undeniable statistics that prove the value of employee training.

Over $500 Billion Is Lost Every Year Due to Employee Disengagement Click To Tweet

Source: Rapt Media

Disengaged employees don’t work as hard as those who are completely committed to the company and engaged with the brand. Think about it – a disengaged employee will only do the bare minimum, and will not be motivated to provide insight or initiate new programs to drive business growth. Sales declines when productivity slips, costing your company revenue and profit.

 

Only 13% of Employees Worldwide Are Engaged Click To Tweet

Source: Gallup

This is not a good number. If just more than a tenth of employees are engaged, then that means that a vast majority of employees are disengaged.

What does this mean for you? They can leave you the moment a better gig comes up. That’s an empty chair you need to fill with yet another employee who will potentially become unhappy with their job due to lack of training and development programs offered.

 

76% of Employees Are Looking for Career Growth Opportunities Click To Tweet

Source: ClearCompany

Employee training updates and career growth opportunities show employees that their company is invested in them. This gives them motivation and inspiration to work harder and be better at their jobs. As such, trust between both parties is instilled.

The employer trusts that the training opportunities they provide their employees will be beneficial to the growth of the company, and the employee trusts that the employer will provide more opportunities for them to further their knowledge and skills.

 

87% of Millennials Claim That Professional Development and Career Growth Are Very Important Click To Tweet

Source: Gallup

Millennials make up a majority of the workforce, and their presence is changing today’s work culture. It has been said that by 2030, millennials will make up 75% of the workforce.

It’s important to start creating an employee training program that helps employees develop their skills and help them further their careers. When employees know that their companies realize their worth, loyalty and trust are fostered.

 

40% of Employees with Poor Training Leave Their Jobs Within the First Year Click To Tweet

Source: go2HR

You probably won’t be surprised to know that the most sought-after professionals are constantly networking and looking for better opportunities, making employee retention more challenging for HR practitioners.

Employee dissatisfaction and lack of employee engagement efforts from companies are fueling these exits. Personal and professional growth are major reasons your workforce is looking for greener pasture.

 

69% of Employees Are Open to Better Opportunities or Already Looking for a New One Click To Tweet

Source: Rapt Media

Employees always keep their eyes open for better opportunities, so companies should look into providing those opportunities within their organization.

Employee training satisfies an employees’ eagerness to learn and further their skills. Don’t treat them as another number. Your employees are your best asset who are worth the investment.

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36% of Employees Would Quit a $5,000 per Year Job to Be Happier at Work Click To Tweet

Source: Officevibe

It’s not just about the money. Employees are no longer satisfied with a good salary. They can feel burned out, tired, and overwhelmed at work.

With a good employee training, your workforce can learn how to manage stress better and be more efficient with what they do. This, in turn, helps them reach their full potential and be happier employees who are involved with the greater goals of the company.

 

74% of Employees Feel That They Are Not Reaching Their Full Potential Click To Tweet

Source: The Learning Wave

You hired your employees because of their talent and potential. Why not harness it? When an employee is highly encouraged to achieve more than what is expected of them, you drive their ambitions as well, which ultimately drives your company success.

Employees value development opportunities, and you should take advantage of their thirst for knowledge and training.

 

72% of Employees Even Think of Financially Contributing to Their Own Training Click To Tweet

Source: The Learning Wave

This is how much employees value training and development programs. According to Simon Roodhouse of Middlesex University’s Institute for Work Based Learning, the majority of employees prefer having the training conducted in the workplace while many are also open to learning at home. This only shows that employees provide high value to additional training and learning.

 

68% of Workers Claim That Training and Development Is the Most Important Company Policy Click To Tweet

Source: ClearCompany

Employees are placing a high value on their own skill sets, and they are eager to learn. Isn’t that why you hired them, to begin with?

When you nurture these skills, you gain a competitive advantage in business with employees who are highly capable and invested in your company.

Employee training is a good investment, yet most companies don’t really see it that way. Because of the increasing employee turnover rates, companies are now willing to allot a bigger budget to employee development.

 

Bonus Statistic: Companies that invest in employee training enjoy 24% higher profit margin versus companies who… Click To Tweet

Source: Huffington Post

The challenge with proving the value of employee training lies directly on the inability of the training industry to provide more concrete evidence of its impact to the bottomline. However, a recent study by HR Report showed that there is indeed a benefit to the profit if you are to consider the expenses you’ll save from losing employees.

Just think of all the resources you lost last year in looking for new employees, waiting for the posts to be filled, and for making new hires familiar with your system. Aside from monetary investments, the time that was supposed to be spent on actual work and improving your processes were all wasted.

 

A solid employee training program can result in employees who aren’t merely content with their jobs. You want employees who are committed, involved, and enthusiastic about going to work every day. Now, that’s a well-oiled engine.

What’s stopping you? Invest in an employee training program to make sure that your company is running ever so smoothly.

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