A new report indicates that those entering the workplace for the first time – the so-called ‘millennial generation’ – are highly motivated by opportunities to develop their skills through training.
For workplace training providers such as Solvo Vir, which partners with businesses to upskill their new and existing staff, this comes as no surprise. The report’s findings underline the message we give to employers, which is that when you offer workplace training your organisation becomes highly attractive to existing and new employees.
The report was commissioned by Investors in People (IIP), a community interest company with a mission to improve leadership and workplaces. Initially a UK government project, it is now an independent, not-for-profit company that helps organisations lead, support and manage people well for sustainable results.
The IIP report, entitled “Talent of Tomorrow 2018” was published in October 2018 and examines a number of aspects of the mindset and motivations of young people leaving college or university and starting out in their careers. The research upon which the report is based was carried out in the summer of 2018 among 500 young people.
At Solvo Vir, we speak regularly with employers about the benefits of offering workplace training. Some employers voice concerns that employees might leave the business once their training is complete, taking with them the valuable skills and investment. However, that fear is not borne out by the results of this survey. In fact, by offering training opportunities, the survey results suggest that an employer is more attractive to career-driven individuals, who find their roles more satisfying and are more loyal to your organisation.
It states that:
“For the new generation of talent in all regions, an organisation that invests in training and development for employees is most likely to inspire loyalty in these prospective recruits. Indeed, in seven of the twelve regions more than half of respondents chose this component of people management as likely to make them more committed to a future employer.”
Among those surveyed, learning and development was the overall top factor likely to strengthen their loyalty meaning prospective employers who offer training could expect to see a reduction in staff turnover.
The report concludes:
“The simple act of investing in training and development can draw the best talent, reduce employee churn and boost satisfaction.”
To find out more about the opportunities that workplace training can bring to your organisation, contact us today on 0330 0539140.