The best companies are those that invest time and resources into their employee’s skill development. The best avenue for doing so is a skills based learning program designed to bring an employee’s skills and knowledge in line with the market’s latest trends and innovations. These programs should be as customized for the specific business as possible, and AI and expert input should be used to ensure the program is as up-to-date as possible. 42% of C-Suite executives say skill shortages are an important factor in why their organization isn’t as adaptable to new changes as possible. It should be a priority for all companies to make sure this is not a shortcoming.
There are tons of benefits that come from implementing these high-quality training programs, both for employees and the company itself. Employees will feel more emotionally and professionally fulfilled if they believe their employer is actively investing in their development. In fact, 76% of employees are more likely to stay with a company that offers continuous training. The company benefits from having highly skilled, loyal employees that are able to drive forward the company’s success. They also experience a reduction in costs from employee turnover, which improves the company’s overall bottom line.
Source: YU Global
