“84% of employees expect this job perk—but most executives think it’s a ‘waste of time’”

Can you guess what it is?

Answer: Eighty-four percent of employees expect their employer to provide the training and education they need to stay up-to-date with changing skills in their industry, according to a recent survey of more than 800 C-suite executives and 800 employees from online learning platform edX.

But senior managers aren’t seeing that way according to an article in CNBC by Ece Yildirim.

The article shares that employees value their career development and want to utilize L&D programs. And they’re willing to look elsewhere if their bosses fail to provide. In the survey, over three-quarters of employees said they’d stay with their current company long-term if it offered better training and development opportunities. More than half said they want to develop skills to position themselves for better future opportunities at their current jobs, but 39% said they’d likely leave within the next year for a job that offers better learning programs.

We know the modern world requires constant upskilling throughout a career. Clients who engage our communication firm The Speech Improvement Company know that driven employees want the opportunity for career growth, not just more work. If you want to attract and retain the best talent, they must be offered the opportunity to get to their next level of mastery. There are a lot of options. How do you know if a specific learning and development program will work for your company?

This training must happen during the work week, not in a fluorescent-lit room off-site over the weekend.
This training should be customized to your company, no one-size-fits-all program that’s delivered to many different companies. Your team should be able to apply the new learning immediately.
This training should be interactive and organized by teams or departments. There should be plenty of time for breakouts and practice with immediate peer and instructor feedback.

Our advice: start talking to trusted advisors about how your company can prioritize learning and development programs to keep your people happy, upskilled, and motivated.

Read the CNBC article: https://www.cnbc.com/2023/11/13/workers-want-ld-job-perks-bosses-say-theyre-a-waste-of-time-survey.html

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