Introduction
Employee retention is extremely crucial in the
current global context. The majority of businesses are evaluated based on their
turnover rate. The rate of turnover has an impact on an organization's success.
Low turnover guarantees that an organization's skilled employees are retained
by providing them with a superior working environment, which improves
individual employee performance. There are a few firms with a low turnover
rate, such as SAS General Mills, SC Johnson & Sons, Intel, Meridian Health,
and National Instruments, which have a turnover rate of 3%. It means that large
international corporations are keeping their employees while assuring that they
perform well (Hassan, 2013).
Why Training is Important for
Organizations
Intensive competitiveness among diverse
businesses has forced corporate management to strategically coordinate its
human resources to meet organizational goals over the years. Given the
increasing complexity of the work environment, fast organizational change, and
technological improvement, among other things, the need for training and
development is clear (Anis, 2011). Training and development ensure that
employees have the information and skills they need to do their jobs well, take
on additional responsibilities, and adjust to changing circumstances.
Figure 1: Training cycle
Relationship between training and retention
rate
When a company improves its development
programs, it makes employees feel more professional. They are empowered and
confident in their ability to do any work that is assigned to them. The
connection between management and employees is also improved by empowerment via
training. As a result of all of these new advancements, the company's retention
rates have grown (Weru, 2013).
Figure 2: Relationship between training and retention
Further, As a result of training and
development opportunities, a positive feedback loop is established: the
company's success and goal achievement rate rise as a result of better-trained
workers. At employment, success promotes overall satisfaction. More commitment
follows satisfaction (Al-sharafi, 2018).
Morale is the key to a company's enhanced
production. Because training makes the employees feel appreciated and valued,
they are more likely to have a favorable attitude toward their work, resulting
in additional career opportunities. An employee with high morale looks more
into going to work the next day.
Conclusion
Developing a stronger staff retention is the first step in building a better organization. If the company does not continually train new employees, you won't be able to develop, enhance, or service your customers.
References
Al-sharafi,
H., 2018. The Effect of Training and Career Development on Employees Retention.
The Journal of Social Sciences Research, , Issue 2, pp. 420-430.
Anis,
A., 2011. Employee retention relationship to training and development: A
compensation perspective. African Journal of Business Management, 5(7),
pp. 2679-2685.
Waleed
Hassan, A. R. R. Q. R. J. &. S. S., 2013. The Effect of Training on
Employee Retention. Global Journal of Management and Business Research
Administration and Management, 13(6), pp. 2249-4588.
Weru,
J. W., 2013. The Relationship between Training and Development on Performance
of State Owned Corporation. International Journal of Academic Research in
Business and Social Sciences, 3(9).
Agreed with your conclusion. "Developing a stronger staff retention is the first step in building a better organization." Trained worker is the asset of every organization. This is one of important point to achieve the business goals. Good article with good explanation!
ReplyDeleteAgree with your blog. When employees going through a process of training they feel that company value them and their service. And the organisation wants to develop employees career coaching or support of management adds enormous value to employees retention.
ReplyDeleteyes , continue training is very important keep workers and motivate them to work easy in organization ,
ReplyDeleteTraining is the most important thing we can do to enhance our strength. When we train our team, we can teach them what they need to know to help the company progress. If we train our employees in the greatest way possible, the company will improve automatically.
ReplyDeleteNow a days training is a common subject, But no one much care about the relation ship between the organization requirements. So impact is after getting the training, employees will move to another. So definitely as an organization must be understand required training modules to increase the organizational performance & employees future. Good topic you have published in here.
ReplyDeleteTraining is an important part of job, it is increases employee retention and overall performance and happiness at work, benefiting both the organization and the employee.
ReplyDeleteTraining has direct impact to employee retention. It enhance employee confident to work as well as employee motivation.
ReplyDeleteVillegas (2006) explained that training has a direct relationship with employee retention. Training helps organization to increase employee retention and decrease turn over. When employees are ongoing process of training, they feel that organization is interested in them and want to develop their career.
ReplyDeletetraining and development always helping for the employee retention as well as it is very important for the company reputation and increase the bottom line profit merging. good article , thanks for the shearing.
ReplyDeleteTraining develops the employee commitment making them feel the obligation to reciprocate the employers. Thus they stay longer in the organization after training provided. On the other hand, training makes employees feel the organizational supports and trust the employer. Hence, training is positively related to trust in management and reduces employee turnover.
ReplyDeleteTraining and employees retention is mutually connected aspects. Even though it is found trained and experienced employees leaving organisation due to various reasons. It is a huge loss in terms of organisation development. Employer should tactful to raise a agreement with employees before grant valuable training opertunities.
ReplyDelete