The results of a recent study conducted by LinkedIn found that workforce training is the key to increasing the employee retention rate.
CNBC reports that 94% of those surveyed indicated they would stay with an organization if their employer invested time and dollars in helping them learn and develop.
According to LinkedIn’s 2019 Workforce Learning Report:
- “49 percent of learning and development professionals cited a “limited budget” as a top challenge in 2017 but in 2019, that figure has decreased to just 27 percent;”
- “Today, 82 percent of learning and development professionals say that their executives actively support employee engagement in professional learning; and”
- “87 percent of talent developers tell LinkedIn that their teams will either stay the same size or grow in 2019.”
The survey further found that lack of access to learning opportunities was the number one reason those in the Millennial and Gen-Z populations would leave a position.
To view the full article and study results, please click here.
The information included in this blog post originally appeared in an article from CNBC on February 27, 2019, written by Abigail Hess.