The Great Resignation has left many employers reevaluating how to attract and retain top talent. While updating benefits and compensation packages seems like an obvious starting point, Learning and Development is a key component that should not be overlooked in an employee retention strategy. In fact, employees who feel that their skills are not being put to good use in their current job are 10 times more likely to be looking for a new job than those who feel that their skills are being put to good use.1

 

What is a Learning & Development Strategy?

Top performing employees have a natural drive to feel engaged with their organization and are often eager to learn new skills that advance their careers. Furthermore, skills training happens to be one of the top perks younger workers look for in a new job, according to a 2021 Gallup survey conducted on behalf of Amazon.

A Learning and Development strategy identifies how an organization can guide its workforce in developing the necessary skills to improve and provide a sustainable future for the business. Successful L&D strategies equip top performers with the education needed to help them reach their full potential in their current position while also nurturing future career goals.

 

How to use Learning & Development for Employee Retention

Employees that are educated on how their job function contributes to the company’s success are more loyal and inspired to uphold the organization’s culture and values. Additionally, those who participate in training and see how it has improved workplace outcomes will recognize its worth and will continue to implement the training, contributing to a more productive and positive work environment.

Most importantly, providing learning opportunities indicates to your workforce that you support their individual, long-term career goals and understand their importance to the organization. By offering education, you are letting your workforce know that you encourage individual growth and are willing to provide opportunities for advancement.

 

How Torch Group Can Help

The right executive search firm can help ensure you’re finding the right talent that fits your culture and L&D strategy to begin with and makes sure you are investing in the right tools to attract and retain those top performers. Torch Group partners with your hiring team as talent advisors who can offer unique insights on where there may be gaps in your candidate attraction and retention strategies.

To learn about our Signature Search Process™ and how we partner with your organization to map search and retention strategies for your specific talent needs, please contact Susan Acker at sacker@torchgroup.com or 203-536-2249 or complete and submit this form and let us know how we can help.

1 LinkedIn (2022). 2022 Workplace Learning Report. https://learning.linkedin.com/resources/workplace-learning-report