Managers are constantly aiming to improve employee retention. Each year, U.S. businesses lose $1 trillion dollars due to employee turnover. Want to know the secret to employee retention? Three words: extraordinary employee training.
Having a disengaged workforce is the number one way to kill morale within your company. Did you know that a shocking 70% of American employees are actively disengaged in their work? By implementing training and professional development, you can improve the happiness and health of your employees.
Investing in training can be a wise decision if you’re looking to bolster your strategy to improve employee morale as well as boost their skills. The biggest asset to any company is its employees. Every successful company understands this fact, and they go to great lengths to invest in their own talent.
Studies show that companies who take the time and energy to develop dedicated employee training programs see a huge increase in profits and a high level of staff retention, which are both vital for continued business growth.
Training is one of the most effective ways to boost morale and overall workplace environment. By investing in employee training, it shows them that you are invested in your people and their growth. Investing in your employees is the key to investing in a successful future.
If your employees are constantly overwhelmed and ill-equipped to handle their daily tasks at work, then this will result in a huge decrease in morale. Training can help offset this sense of overwhelm because it will result in more skilled workers who are prepared to handle a variety of situations.
In fact, 80% of workers would quit if their employer did not offer them proper training in new skill sets, which shows just how important training is when it comes to boosting both morale and employee retention.
Given how many hours your employees spend with each other, you should understand how important it is to help them feel supported in their daily activities while making them feel like part of a team and community. It’s also important to recognize that each of your employees are individuals with different preferences about what gives them a sense of belonging.
Implementing new training programs is an opportunity to introduce awards programs that help give each employee an opportunity for recognition. This helps foster kinship among coworkers, and gives them an excuse to come together and celebrate each other’s achievements.
When your employees have a sense of growth attached to their job, it will help increase their morale in the workplace and prevent feelings of stagnation. Lifelong development is an important part of this process. If your employees see that you are helping them improve their skills and career growth, they will feel more motivated, which will increase their overall job satisfaction and morale.
If you’re looking for ways to boost employee morale in your workplace, sign up for a free trial of 1Huddle today.
Sam Caucci, Founder & CEO at 1Huddle
Check out our plan that outlines a position that we at 1Huddle fight for everyday; for every worker.