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What does employee retention entail? Most importantly, it needs one to take strategic actions that can keep employees motivated and focused so that they choose to stay with you long-term and fully productive. A full-fledged employee retention program plays a vital role in attracting and retaining your workforce. It also helps in reducing turnover and its related costs. All of these factors are responsible for an organisation’s productivity and overall business performance. It is more efficient to retain a quality employee than recruit, train, and orient a replacement employee of the same quality.

In fact, as per SHRM’s Employee Job Satisfaction and Engagement (The Doors of Opportunity are Open) research report, employees identified these five factors as the leading contributors to job satisfaction:

  • Respectful treatment of all employees at all levels.
  • Compensation/pay.
  • Trust between employees and senior management.
  • Job security.
  • Opportunities to use their skills and abilities at work.

And training plays a significant part in your employee retention efforts. Effective learning strategies motivate your workforce to stick with your company in the long run. Yes, the link between employee training and retention is clear and supported by much research. Consider these informative employee retention statistics reported in recent research reports.

Eye-opening Stats: Employee Retention and the Effect of Training

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According to LinkedIn Learning's 2021 Workplace Learning ReportUpskilling and Reskilling is the Top Priority for L&D leaders (59%). It is followed by Leadership and Management (53%) and Virtual Onboarding (33%).

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According to GM Insights, Corporates upgrading their training programs is one of the key growth drivers for eLearning in the Asia Pacific and Latin America regions.

     

Workplace Learning Opinions From Across the Globe

Maine hospitality industry anticipates future with fewer workers but more training

Maine’s leading hospitality industry group released a five-year plan Wednesday that aims to change how restaurants and lodging establishments attract and keep workers by focusing on education and career-building.
The nonprofit Hospitality Maine Education Foundation released the plan, which envisions the industry, government and educators collaborating to align education with needed job skills. The hospitality industry lost 13,000 workers during the pandemic as restaurants and hotels curtailed business and laid off employees. After the state lifted restrictions, many hotels and restaurants saw business return to or even exceed pre-pandemic levels this summer, but worker shortages continue to limit activities.

3 areas L&D professionals will need to focus on post-pandemic

The landscape of learning and development has experienced accelerated change in the past year, similar to other aspects of the HR profession.

Now, a number of trends could conspire to make things even more complicated as organizations move past the coronavirus pandemic. In an interview, HR Dive sought insight on L&D's path forward from Jason Wingard, dean emeritus and professor of human capital management at Columbia University's School of Professional Studies.

How corporate universities fit into hybrid learning strategies of the future

Companies have spent decades perfecting brick-and-mortar corporate learning and development universities, but many of these facilities shuttered in 2020 because of COVID-19. For L&D professionals, 2021 was a year of experimentation, and it only proved that hybrid learning is here to stay.
Like most other learning organizations, the COVID-19 pandemic was the first time professional services firm KPMG took its learning strategy completely virtual. “You cannot simply shift a multiday, in-person program to a virtual classroom,” says Corey Muñoz, chief learning officer at KPMG. “So what we focused on was answering the question of, ‘How do you translate that type of program into a virtual environment while maintaining a very robust, high-quality learning experience?’”


Cultivating curiosity: Novartis’ chief learning officer on why it matters more than ever

In this podcast, Simon Brown, chief learning officer at Switzerland-based Novartis, a leading pharmaceutical company discusses the importance of developing a culture of curiosity and how it benefits employees’ well-being, team effectiveness, and overall organizational success. Brown explains how, especially given today’s challenges and the rapid pace of change, the process of curiosity enables resilience, helping us to adapt to new environments by constantly learning and acquiring new skill sets.

     

PlayAblo LMS | Product News

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PlayAblo™ LMS now offers Ready to Use Learning Courses

Building new courses from scratch is hard work. We know it. Which is why PlayAblo™ LMS now comes bundled with multiple soft skills courses like POSH Training, Effective Communication, Time Management etc. Reach out to us and see how you can get our soft skills training courses bundle for FREE!

     

Get PlayAblo's comprehensive eBook with in-depth articles and advisory on Implementing eLearning at the Workplace.

Learn about: 1. Evolution of eLearning 2. Approach to selecting an LMS 3. Learning traits of your workforce today 4. Implementing, Boosting adoption and Ensuring success of your LMS Platform.

     
Suchitra Premkumar | PlayAblo

Suchitra Premkumar

Co-Founder and Head Corporate Learning, PlayAblo

+91.93420.43420   |   suchitra@playablo.com    |   LinkedIn    |   Awards

Download our FREE eBook on Implementing eLearning at Workplace

     
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