If you’ve been in a manager position at all in the last few years, you probably know the pain that comes with saying goodbye to a valuable team member who holds a lot of institutional knowledge and going through the lengthy hiring process of reviewing applications, giving multiple rounds of interviews, and finally getting your new hire up to speed on their role and your company. The Great Resignation reminded us all of the importance of retaining great employees. Not only does employee retention prevent the disruption of projects and goals, it also saves companies time and thousands of dollars. Besides toxic company culture and low salary, many employees cite poor management as one of the main reasons they’ll leave a job. Read these tips on how to be a good manager and foster a work environment employees want to stick around for.
Recent research shows evidence of something companies have known for a long time—employees benefit professionally and financially from company-funded employee training, but what are the benefits of employee training for the company? The same study also showed evidence of something there hasn't previously been much evidence of, that is the companies who fund this training also serve to benefit significantly from this investment. Companies that fund employee training see increased productivity and innovation from their employees. The benefits of employee training include a higher level of technical knowledge among staff and a higher standard of performance among employees.