the Gains to the Business When You Invest in the Employees Education
When it comes to millennials, the possibility for them to leave their current job is twice as it is for older employees. Mostly not for money but the feeling of lack of development in their careers. The cost of high employee turnover is very high for the employer.For this reason, you should find ways to make the millennials stay when you hire them or stop hiring them altogether. However, Millennials are the best to hire as they are very productive. To help you keep millennials for long after hiring then, you should learn ways to do so. The right way is by investing in their education. Below are some of the reasons why investing in the employees’ education is fruitful.
The low employee turnover is one of the reason. To have employees come and leave after a while is not a worry when you are running a non-profitable business. But, there is a need to ensure your employees stay long in profit generating business. One of the right way to accomplish this is by supporting their education. By Sending your employees to pursue professional certification or degree course, they would feel valued. They would prefer to stay as they feel that you want the best for them. though some would still leave, they acquire the essential skills to help them in their endeavors.
The other reason is the boost of employer brand Unlike there before, the recruitment of employees today has changed. Earlier, employers had options when hiring. Nevertheless, this is different today as workers decide on which employer to work for. With an employer of a bad reputation, a large percentage of the applicants may not apply for a job vacancy. This may be as a result of fear of exploitation by the employer. Therefore, the employer should boost their brand. One way to accomplish this is by creating a good working environment by creating better policies. The employer brand is also boosted by investing in the employees’ education.This would make more job applicants apply for jobs from your company when they know that it supports educational development.
Also, the company gain a competitive edge. The quality of the innovations is what nowadays separate the top businesses and not the amount of annual revenue they generate. Hence, the best company is the one that generates quality products. For your business to be more competitive, here you need to invest in the education of the employees for them to learn more skills.
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