Training budgets are under scrutiny as companies allocate an average of $1,252 per employee for training initiatives, which can accumulate significantly for a team of 50 employees. Interestingly, some companies opt to invest equal or greater amounts in attracting new talent rather than enhancing the skills of their current team.
One common misconception is that investing in upskilling your workforce may lead employees to leave for better opportunities elsewhere.
The reality is that you create a greater sense of loyalty within your team when you invest in their professional development. With just 4% looking elsewhere post-training, the results couldn’t be more clear.
When you place value on the professional development of your team, you will be rewarded with a team that is more competent, feels a greater sense of connectedness and loyalty.
It makes sense to invest in your team.
