Granting employees with learning and development opportunities can straightly impact a company's bottom line, as trained employees are far more productive than untrained fruitful employees.

Human resources departments could be forgiven for dominating employee learning and DevelopmentDevelopment with many things to worry about. However, because employee learning and development benefits are powerful, every business must provide learning and development opportunities.

If one is uncertain about investing in learning and DevelopmentDevelopment or wants to learn more about the value of such programs, this lead can assist one.

Learning and Development Enhances Employee Retention Rates

Employee retention rates are heavily impacted by learning and development opportunities. According to a study, 94 % of employees would stay with a company for a more extended period if they invested in professional DevelopmentDevelopment. Businesses save money. It expenses five times as much to hire a new employee to keep an existing employee longer.

Training Employees Increases Productivity Rates

Giving employees learning and development opportunities can directly affect a company's bottom line, as trained employees are far more fruitful than untrained employees. A study performed, for example, discovered that trained teams experience a 10 % increase in productivity. This rise in productivity is because employees receive the skills and knowledge required to use best practices.

Learning and DevelopmentDevelopment to turn into a Standard Expectation

As per research, today's workforce expects training and development opportunities. According to a study, 87 % of millennials say learning and development opportunities are a significant factor in determining whether or not to take a new job. Moreover, because millennials are awaited to make up half of the workforce by 2025, businesses must cater to the new majority by providing learning and development opportunities.