Is retention really important? Well, we did a little digging around only to find that it indeed is. So why do companies focus on hiring new talent to fill talent gaps instead of training and retaining the existing workforce? Well, it turns out that most companies are worried that trained employees will leave for a better opportunity, making the training process redundant because they have to then re-train somebody else. Hoping that your employees never leave is futile, many will definitely leave. However, not training or upskilling the existing workforce to take on additional roles because you are worried about them leaving is highly counterproductive.

What you need to remember is that retaining employees is what your company should actually be focusing on because it’s much easier to retain employees and build their skills. Which why we are going to discuss how you can retain employees in 5 easy ways using eLearning.

Statistics claim that it costs 150% of a mid-level employee’s annual salary to replace them, and the cost only increases with seniority. Which makes employee retention a matter of great importance. Let’s study the graph to get a better understanding. From the graph it is quite clear that a quitting employee hurts the organization as it takes the organization back to square one. It leaves the organization with no option but to repeat entire process of recruitment-onboarding-training to bring the new employee into the ‘green zone’.

An effective method of retaining employees is through training. The modern workforce is changing. Their ways of working and associating with a company are changing too. If a company appears to present its employees with reasonable ’employee development’ options, then the company is seen as a good or great place to work. Monetary compensation is no longer the sole driving force for employees to pick and associate with a company.

Qualified candidates don’t just look for higher salaries—they also look for professional growth in terms of acquiring new skills. The brutally competitive nature of the market today demands that recruiters do whatever it takes to retain good talent. Companies that do whatever it takes to retain employees are actually considered more modern in their approach, which is a stark difference from a few decades ago when employees were merely considered to be an asset that can be replaced. Modern employees want to associate with forward thinking companies which care about the development of the people who work for them and not with companies which still work like back-in-the-day.

Employees who believe they are not getting proper training and learning opportunities in an organization are more likely to look for better opportunities in other organizations as compared to companies that offer excellent training programs and this is a fact that is proving itself. eLearning has a big role to play in the training and development revolution that is sweeping across the globe. As more companies embrace eLearning, a surprising occurrence was brought to the forefront, retaining employees using eLearning was proving to be an effective solution.

Training employees using tried and tested methods should be your go-to choice. eLearning courses built using sound instructional design principles to help retain more information is a tested process. When employees can retain more of their training over longer periods, it automatically makes them more productive at what they do. This holds doubly true for employees with a target-based job. As the productivity levels increase, it automatically improves the time your employee is having at work. Simply put, the lesser your employees struggle, the better they feel. The easier doing a task becomes, the more they’d want to do it.

Stagnancy in work and learning in an employee’s professional journey is a big reason why people leave. Breaking the monotony of work by including learning into the mix is a possible solution. Learning breaks both the stagnancy of doing the same job, while giving employees the ability to upskill and possibly take on newer roles. In way, it’s one solution for many problems.

Quality training courses increase employee morale, creating a virtuous circle.

Great training –> high employee morale –> high engagement levels –> better productivity –> employee satisfaction –> reduced attrition rate –> repeat.

Training is the core component in working relationships and retaining your employees. Hence, a great learning system with a thoughtfully planned structure in place should be the primary concern of an organization.

The flexibility of these online training programs encourages employees to take up training any place, any time. Hence, this ensures that your training provision is of the highest possible standard. This elasticity also enables employees to start from where they left off the last time and not miss out on any training session.

It is well known that majority of organizations do not have a proper training system in place and conduct onboarding training for employees while they work, resulting in high attrition rate. Hence, offering flexible, effective, and well-structured training programs to employees is crucial for organizations. This will ensure they get the right talent and build a team that not only believes in the organization but also want to stay with it for a long time ahead.