- \n
- Respectful treatment of all employees at all levels.<\/li>\n\n\n\n
- Compensation\/pay.<\/li>\n\n\n\n
- Trust between employees and senior management.<\/li>\n\n\n\n
- Job security.<\/li>\n\n\n\n
- Opportunities to use their skills and abilities at work.<\/li>\n<\/ul>\n\n\n\n
And training plays a significant part in your employee retention efforts. Effective learning strategies motivate your workforce to stick with your company in the long run. Yes, the link between corporate online learning<\/a> and staff retention is clear and supported by much research. Consider these informative employee retention statistics reported in recent research reports.<\/p>\n\n\n\n
Employee Training Statistics: 26 Employee Retention Metrics<\/h2>\n\n\n
\n![\"employee](\"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-content\/uploads\/2020\/11\/Picture1-4-1024x409.png\" "\\"\\"")
<\/figure><\/div>\n\n\n- \n
- According to\u00a0Gallup<\/a>, 51% of employees are considering a new job.<\/li>\n<\/ol>\n\n\n\n
2. As per a report from the\u00a0Center for American Progress<\/a>, employee turnover can cost organizations anywhere from 16% to 213% of the lost employee\u2019s salary.<\/p>\n\n\n\n
3. A\u00a0Future Workplace and Kronos<\/a>\u00a0study has found that 87% of employers said that improving training and retention is a critical priority for their organization.<\/p>\n\n\n\n
4. An Allied Workforce Mobility<\/a> Survey discovered that companies lose 25% of all new employees within the first year.<\/p>\n\n\n\n
5. According to the Society for Human Resource Management (SHRM)<\/a>, 69% of employees are more likely to stay with a company for 3 years if they experienced great onboarding.<\/p>\n\n\n\n
Read More: Before \u2013 During \u2013 After | Improving Knowledge Retention With eLearning Methodologies<\/a><\/h6>\n\n\n\n
6. MRINetwork<\/a> has found that 72% of candidates are driven by career advancement opportunities, the number one reason people change jobs.<\/p>\n\n\n\n
7. Employees who undergo an effective onboarding process can reduce new hire retention by 82%. (Source<\/a>)<\/p>\n\n\n\n
8. Companies that provide the option for remote work have 25% lower employee turnover. (Source<\/a>)<\/p>\n\n\n\n
9.\u00a079% of employees wouldn\u2019t accept a job at a company with a higher salary unless the company failed to take action against employees involved in unethical behavior. (Source<\/a>)<\/p>\n\n\n\n
10. 77% of companies focus on employee experience to increase retention. (Source<\/a>)<\/p>\n\n\n\n
11. Employees whose managers consistently acknowledge them for good work can reduce turnover up to 31%. (Source<\/a>)<\/p>\n\n\n\n
Read More: 15 Workplace eLearning Statistics for L&D Leaders in 2021<\/a><\/h6>\n\n\n\n
12. 35% of workers say they’ll quit if they don’t get a raise.(Source<\/a>)<\/p>\n\n\n\n
13. The average employee exit costs 16% to 213% of their annual salary depending on their pay. (Source<\/a>)<\/p>\n\n\n\n
14. Human resource leaders admit employee burnout is sabotaging workforce retention. It handles 50% turnover. (Source<\/a>)<\/strong><\/p>\n\n\n\n
15. 8 in 10 employees would seek a new job after 1 bad day. (Source<\/a>)<\/p>\n\n\n\n
16. 70% of staff members would leave their current organizations for a job with one known for investing in employee development and learning. (Source<\/a>)<\/p>\n\n\n\n
Additional Statistics About Employee Training and Retention<\/h3>\n\n\n\n
The following statistics revealed by Lorman.com<\/a> explain how an effective training program leads to a boost in employee retention rates.<\/strong><\/p>\n\n\n\n
17. Organizations with poor onboarding processes are twice as likely to experience employee turnover.<\/p>\n\n\n\n
18. 34% of employees who left their previous jobs were motivated to do so by more career development opportunities.<\/p>\n\n\n\n
19. 86% of millennials would be kept from leaving their current position if training and development were offered by their employer.<\/p>\n\n\n\n
20. Over 70% of high-retention-risk employees will leave their company in order to advance their careers.<\/p>\n\n\n\n
21. Retention rates rise 30-50% for companies with strong learning cultures.<\/p>\n\n\n\n
Read More: How To Counter the Forgetting Curve Using Microlearning<\/a><\/h6>\n\n\n\n
Ad: PlayAblo’s Enterprise-Grade Micro-Learning platform is for the modern corporate learner. Moreover, micro-learning, along with assessments and gamification features, ensures learning outcome measurement along with sustained engagement.<\/em>
F<\/a>ind out more and request a custom demo!<\/a><\/em><\/p>\n\n\n\n22. 16% of Gen Z and Millennial employees have quit their jobs because they felt the technology provided by their employer was inadequate. (source<\/a>)<\/p>\n\n\n\n
23. Highly engaged business units experience 59% less employee turnover. (source<\/a>)<\/p>\n\n\n\n
24. Companies rated highly on employee training saw 53% lower attrition. (source)<\/a><\/p>\n\n\n\n
25. Companies rated highly on \u2018purposeful mission\u2019 saw 49% lower attrition. (source<\/a>)<\/p>\n\n\n\n
26. 90% of workers said they are more likely to stay at a company that takes and acts on feed. (source<\/a>)<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
When you make your investment in the proper skilling building tools\/platforms and technology a priority, it is easy to engage your workforce. It empowers your staff by giving them a voice to be heard. Additionally, it embeds in them a purpose that serves as a cornerstone of your company\u2019s corporate learning culture<\/a>. After all, the power lies in your hands to shape the outcome you desire regarding employee retention, loyalty, and engagement.<\/p>\n\n\n\n
Ad: PlayAblo’s Enterprise-Grade Micro-Learning platform is for the modern corporate learner. Moreover, micro-learning, along with assessments and gamification features, ensures learning outcome measurement along with sustained engagement.<\/em>
F<\/a>ind out more and request a custom demo!<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"What does employee retention entail? Most importantly, it needs one to take strategic actions that can keep employees motivated and focused so that they choose to stay with you long-term and fully productive. A full-fledged employee retention program plays a vital role in attracting and retaining your workforce. It alsoContinue Reading<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":1679,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["entry","author-anisha-d","post-1675","post","type-post","status-publish","format-standard","has-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-json\/wp\/v2\/posts\/1675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-json\/wp\/v2\/comments?post=1675"}],"version-history":[{"count":8,"href":"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-json\/wp\/v2\/posts\/1675\/revisions"}],"predecessor-version":[{"id":5842,"href":"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-json\/wp\/v2\/posts\/1675\/revisions\/5842"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-json\/wp\/v2\/media\/1679"}],"wp:attachment":[{"href":"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-json\/wp\/v2\/media?parent=1675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-json\/wp\/v2\/categories?post=1675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.playablo.com\/CorporateLearning\/Blog\/wp-json\/wp\/v2\/tags?post=1675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- According to\u00a0Gallup<\/a>, 51% of employees are considering a new job.<\/li>\n<\/ol>\n\n\n\n