87% of millennials strongly prefer jobs that offer them opportunities to grow, yet only 40% of employees indicate their workplace has offered them opportunities to learn and grow in the past year. They want to get better at their current job, prepare for their next workplace position, and equip themselves to be successful in all aspects of life in our fast-changing world. If you don’t provide opportunities for employees to be lifelong learners, they will be less passionate and engaged at work, reducing the organization’s success.
And, don’t think you are saving money by not investing in employee development. 65% of currently employed people are looking for another job. 25% of employees changed jobs last year. 30% of new hires quit within 90 days. Once someone is working within a company, they experience its culture and growth mindset, or lack thereof. When the environment doesn’t feel like a right-fit for them, they are on the lookout for potentially better opportunities.
Many people are looking for diverse growth opportunities, not just formal training programs, so continuing education doesn’t have to be a big budget concern. Here are some possibilities:
To determine which opportunities are most appropriate for an employee, ask them what knowledge or skills they would like to learn. Suggest 2 or 3 possible options and let them choose, or simply ask them how they think they might be able to fulfill that desire.
At performance review time, ask employees to set a personal growth goal and help them get access to the necessary resources.
The world around us is changing quickly. You and your employees need to change to keep up. Help your employees fulfill their desire for growth opportunities and your company will be a winner.