If you're a small-to-medium sized organization with rare promotional opportunities, you may think it’s not worth providing your employees with training and professional development opportunities.
After all, what’s the point, if there’s nowhere for them to grow within your organization, meaning they’ll then take that training and knowledge and go somewhere else? There’s every point: ✅ According to Gallup, 87% of millennials rated professional or career growth and development opportunities in the workplace as one of their top priorities. ✅ And a Bridge survey found that 86% of millennials would be kept from leaving their current position if training and development were offered by their employer. So, it helps organizations attract and retain good people long-term. Also, keep in mind that this is a two-way street, since there are huge benefits for employers too. According to the 2021 PWC Global CEO Survey, 28% of CEOs said that they are “extremely concerned” about the availability of key skills. Therefore, by providing learning and development opportunities to current employees, you’re future proofing yourself in terms of required skillset. Especially in today’s job market, where it can be extremely difficult to find candidate with the right skills. 𝙄𝙣 𝙨𝙝𝙤𝙧𝙩, 𝙞𝙩 𝙞𝙨 𝙛𝙖𝙧 𝙗𝙚𝙩𝙩𝙚𝙧 𝙩𝙤 𝙝𝙖𝙫𝙚 𝙖𝙣 𝙚𝙣𝙜𝙖𝙜𝙚𝙙, 𝙥𝙧𝙤𝙙𝙪𝙘𝙩𝙞𝙫𝙚 𝙚𝙢𝙥𝙡𝙤𝙮𝙚𝙚, 𝙬𝙝𝙤’𝙨 𝙙𝙤𝙞𝙣𝙜 𝙜𝙧𝙚𝙖𝙩 𝙬𝙤𝙧𝙠, 𝙪𝙨𝙞𝙣𝙜 𝙩𝙝𝙚 𝙨𝙠𝙞𝙡𝙡𝙨 𝙮𝙤𝙪’𝙫𝙚 𝙥𝙧𝙤𝙫𝙞𝙙𝙚𝙙, 𝙛𝙤𝙧 𝙩𝙝𝙚 𝙥𝙚𝙧𝙞𝙤𝙙 𝙤𝙛 𝙩𝙞𝙢𝙚 𝙩𝙝𝙖𝙩 𝙩𝙝𝙚𝙮’𝙧𝙚 𝙬𝙞𝙩𝙝 𝙮𝙤𝙪. Instead of one who’s disengaged and negatively impacting the morale of everyone around them, until they decide to leave. 💠 Because disengagement is contagious. There simply is no reason to not provide learning and development opportunities. 𝙄𝙩 𝙞𝙨 𝙤𝙣𝙚 𝙤𝙛 𝙩𝙝𝙚 𝙛𝙪𝙣𝙙𝙖𝙢𝙚𝙣𝙩𝙖𝙡 𝙥𝙧𝙖𝙘𝙩𝙞𝙘𝙚𝙨 𝙩𝙝𝙖𝙩 𝙥𝙤𝙨𝙞𝙩𝙞𝙫𝙚𝙡𝙮 𝙞𝙢𝙥𝙖𝙘𝙩𝙨 𝙚𝙢𝙥𝙡𝙤𝙮𝙚𝙚 𝙚𝙣𝙜𝙖𝙜𝙚𝙢𝙚𝙣𝙩 𝙖𝙣𝙙 𝙞𝙢𝙥𝙧𝙤𝙫𝙚𝙨 𝙮𝙤𝙪𝙧 𝙘𝙪𝙡𝙩𝙪𝙧𝙚. So, even though It’s not possible for every single organization to offer promotions, every single company, big or small, can create a learning plan for every single position. As Richard Branson wrote in 2014: “Train people well enough so they can leave. Treat them well enough, so they don't want to.” That's the type of organization you need to create.
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