BPMA – Train and Retain
Research carried out in 2018 indicated that 40% of millennials who don’t receive the necessary on the job training to become more effective in their role will leave their positions within the first year. That’s quite a high percentage, but it’s not only the modern workforce that ranks training and development opportunities in the workplace so highly.
In a national survey of more than 400 employees spanning three generations (baby boomers, millennials and Generation X), 70% of respondents expressed that the training opportunities available to them play a huge influence in their decision on whether to stay in their current role. So, no matter how big or small the business, training, and development is one investment your business simply cannot avoid to make.
Cheaper to retain
The pressures of everyday business weigh on the shoulders of all professionals, and business owners feel like they can’t afford to invest in their employees as much as they’d like. When businesses take this viewpoint, they fail their employees and ultimately their company because the backbone of every company is its employees. Any organisation’s main focus should be on refining and retaining talent. In most cases, it is more cost-effective to invest in a robust training and development program for staff than it is to continuously expand resources when replacing employees who have moved on.
By ensuring every member of your workforce has access to training and development opportunities, from day dot, you ensure every member of each team in your business is as skilled as they could be. You attract and keep all the best candidates, and you also build a strong work culture unafraid of innovation, change, failure, and success. Employees take the bull by its horns and run with ideas, instead of running away from problems.
The Association for Talent Development (ATD) asserts that organisations that offer comprehensive training programs achieve a 218% higher income than companies that fail to implement an effective employee development-focused training plan. The BPMA not only offers three e-learning training courses within the education program but will now offer a series of seminars and webinars throughout autumn 2019 and spring 2020 for you to take advantage of for yourself or for staff members.
We recently held a mental health seminar and will be running a product safety and compliance seminar on 16 October and intend to host further seminars and webinars for our members. Education remains at the heart of what the BPMA offers its members. We want to continue offering value for money, relevant training for all business types within the industry. We would love to hear from members to understand what subjects they would like us to educate on.
Get in touch with firstname.lastname@example.org with your training and development requests or to book a demo of the education program.