The Impact of Employee Training Initiatives

Industry trends, protocols, and in-demand skills are always changing. Especially in today’s job market, employers can remain competitive by prioritizing employee learning and development (L&D) efforts.

Why it matters

Employee retention rates increase by between 30% and 50% for companies with strong learning cultures. In addition, L&D opportunities can increase overall morale due to increased employee performance productivity and satisfaction. All of these factors can lead to a healthy bottom line. 

Types of Training Programs 

  • Orientation 
  • Onboarding 
  • Product training
  • Technical training 
  • Soft skills training 

Learning and Training Methods 

  • Online training or e-learning 
  • Instructor-led training 
  • Hands-on training 
  • Simulated training 
  • Coaching or mentoring

Conclusion

Want to recruit and retain more employees? Evaluate the organization’s L&D strategy, because proper training matters to today’s workforce.

  • 74% of employees are willing to learn new skills to remain employable.
  • 76% of employees say that a company would be more appealing if it offered skills training.

 

To learn more about creating a workplace culture of learning, contact The Insurance Market today.

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