These 5 training tips will keep employees happy and lower hiring costs

Ever sit back and wonder why there is so much turnover within your organization?

Employees tend to head for the door when they don’t feel supported by their employer, when directors act more like dictators, and when they realize there is no more room to grow within the company. But there are steps employers can take to provide employees with impactful training and development that makes them want to stick around longer, eliminating some major costs at the same time.

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It costs a company an average of $4,000 to bring in a new hire, according to the Society for Human Resource Management. However, it only costs employers $1,308 for training and development per-employee, according to Statista, a market and consumer data research company. With those figures in mind, it makes sense for organizations to make greater investments in the training and development of its workforce.

“A thoughtful path where people can clearly see that there is the opportunity to advance their skills, career and earning potential is one of the most powerful ways to create loyalty,” says Tami Simon, corporate consulting leader for the employee benefits consulting firm Segal. “The best career paths evolve over time because most industries are constantly evolving. Letting people know that there is a thoughtful and fair process that supports various paths to success is an outstanding message.”

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In an effort to help employees get that message across, Simon shares these five tips for impactful training and employee development: