• Facebook
  • LinkedIn
  • Instagram
  • Youtube
  • Mail
Culture Works
  • What We Do
    • Our Services
    • Fractional HR: Culture Operations
      • Basic
      • Full Integration
    • Recruiting
    • Consulting
      • Learning & Development
      • B2B Coaching
      • Assessments
  • Who We Are
    • Our Awesome Team
    • Our Purpose
    • Our Values
  • Connect With Us
    • Applicants
    • Partners
  • Free Sh*t
    • Blog
    • Wellness Resources
    • Educational Videos
    • Infographics
  • Menu Menu

How to Leverage Learning and Development to Improve Employee Retention

News
man sitting with laptop smiling at a coffee shop

Recently, employees’ priorities and desires have shifted—especially as a result of the pandemic.

Many individuals previously valued high-end office amenities and compensation above all else. Now, however, the list of desires has changed dramatically. (That’s not to say that brag-worthy offices and compensation don’t matter!)

There is one element that employers can leverage to improve employee retention: enter learning and development (L&D). Let’s continue this conversation on how to leverage learning and development to improve employee retention.

What is Learning and Development?

Learning and development (L&D) is an HR function defined as “a systematic process to enhance an employee’s skills, knowledge, and competency, resulting in better performance in a work setting.”

In ​​Human Resource Management, Back to Basics by Filip Lievens, it’s written that the goal of L&D is “to develop or change the behavior of individuals or groups for the better, sharing knowledge and insights that enable them to do their work better, or cultivate attitudes that help them perform better.”

So, what does this look like in real life? L&D can look like a variety of things depending on the business making the investment. For example:

  • One-on-one coaching
  • Seminars and/or workshops
  • Continued education
  • And more!
Infographic of How to Leverage Learning and Development to Improve Employee Retention

What Are the Benefits of Learning and Development?

There are various benefits—for both employees and employers—when it comes to implementing an effective L&D strategy for your business. Some of the benefits include:

  • Increased productivity
  • Reduced workplace risk
  • Increased job satisfaction
  • And of course, increased retention (which in turn leads to financial savings!)

How Learning and Development Improves Employee Retention

Increased employee retention is one of the best benefits of a successful learning and development strategy. In fact, according to a LinkedIn study, “94% of employees would stay at a company for longer if the business was investing in their career development.” Wow, that’s a statistic that can’t be ignored!

Moreover, L&D is something that you can’t ignore—especially given the Great Resignation that we’re observing now. The job market is HOT, and research shows that 86% of professionals would change jobs if a new company offered more opportunities for professional development.

PS: Employers who are fearful of the Great Resignation… Check out one of our latest articles on how to prevent the Great Resignation in your business.

How Can You Make Learning and Development Possible for Your Business?

We know, all of this L&D talk sounds great… But how can you make L&D possible for YOUR business? Below, we’ve listed three tips for getting started.

Incorporate Learning and Development Right Off The Bat

Many employers make the mistake of not implementing learning and development for new hires until they’re “comfortable” in their roles. Professional development, however, should be accessible from the get-go. This will ensure L&D has a more profound impact on an employee’s experience.

Build Learning and Development into Everyone’s Schedules

We know, everyone is busy! Whether it’s monthly or quarterly, it’s important to set aside a designated time for L&D on everyone’s calendars.

Make Learning and Development Accessible

Contrary to popular belief, L&D doesn’t have to break the bank. In fact, it’s often cheaper than many of the other perks you might offer your employees. That being said, learning and development opportunities should be spread across the board—and not just available to key employees and executives.

In fact, coaching has been named one of the most requested employee benefits, and the results are a win-win for both employee and employer. The bottom line? All of your employees are worth the investment of L&D!

Interested in learning more? Read on to see how learning and development can transform your company culture.

Tags: company culture, Culture Works, employee retention, l&d, learning and development
Share this entry
  • Share on Facebook
  • Share on LinkedIn
  • Share by Mail
https://www.cultureworkshr.com/wp-content/uploads/2022/05/How-to-Leverage-Learning-and-Development-to-Improve-Employee-Retention-1.png 628 1200 Amanda Rogers https://www.cultureworkshr.com/wp-content/uploads/2021/09/Cultureworks_Brand-Identity_Logo-RGB_Signature_Horizontal-1030x276.png Amanda Rogers2022-06-12 07:00:002022-10-27 14:10:21How to Leverage Learning and Development to Improve Employee Retention
You might also like
How Poorly Executed Learning and Development Strategies Can Backfire How Poorly Executed Learning and Development Strategies Can Backfire
learning and development program at an office Lunch and Learns Aren’t Cutting It: Let’s Talk Learning and Development that Works
It's time to beef up your HR team- here's why! It’s time to beef up your HR team- here’s why!
Employee Retention Shh… Retaining Your Top Talent Doesn’t Have to Be a Secret
Cultural Operations thumbnail Culture Operations vs Operationalizing Culture (say that 3 times fast)
Our Employees share their favorite holiday traditions! Our Employees Share Their Favorite Holiday Traditions!
Using Emotional Intelligence Intelligently Using Emotional Intelligence Intelligently
How Culture Can F*ck Up Your Merger How culture can f*ck up your merger

Search

Categories

Latest News

  • stay awake in zoom meetingsYOUR GUIDE TO STAYING AWAKE DURING ZOOM MEETINGS (and all meetings!)September 5, 2021 - 7:00 am
  • A Letter from our CEOA Letter from our CEO, Kristi PastoreSeptember 2, 2021 - 12:01 pm
  • The World's Opening Up — What Are Our Employees Going to Do?The World’s Opening Up — What Are Our Employees Going to Do?June 27, 2021 - 1:39 pm

Facebook

Count me in!

Practical steps you can take to make your company culture (and yourself) even better.

Signup for our newsletter below to stay up-to-date on our latest HR news & insights!

LINKS

Privacy Policy

FAQs

CONTACT

(760) 334-4094

info@cultureworkshr.com

24630 Washington Ave Suite 202
Murrieta, CA 92562

HOURS

Mon-Fri: 8:00-6:00
Sat: Closed
Sun: Closed

CONNECT WITH US!

© 2021 Culture Works – all rights reserved

site design by digitalstoryteller.io

© 2021 Culture Works – all rights reserved
site design by digitalstoryteller.io

How to Manage TimehourglassEmployee Managing Their Wellness in the WorkplaceHow to Manage Wellness in the Workplace Scroll to top

This site uses cookies. By continuing to browse the site, you are agreeing to our use of cookies.

Accept settings

Cookie and Privacy Settings



How we use cookies

We may request cookies to be set on your device. We use cookies to let us know when you visit our websites, how you interact with us, to enrich your user experience, and to customize your relationship with our website.

Click on the different category headings to find out more. You can also change some of your preferences. Note that blocking some types of cookies may impact your experience on our websites and the services we are able to offer.

Essential Website Cookies

These cookies are strictly necessary to provide you with services available through our website and to use some of its features.

Because these cookies are strictly necessary to deliver the website, refusing them will have impact how our site functions. You always can block or delete cookies by changing your browser settings and force blocking all cookies on this website. But this will always prompt you to accept/refuse cookies when revisiting our site.

We fully respect if you want to refuse cookies but to avoid asking you again and again kindly allow us to store a cookie for that. You are free to opt out any time or opt in for other cookies to get a better experience. If you refuse cookies we will remove all set cookies in our domain.

We provide you with a list of stored cookies on your computer in our domain so you can check what we stored. Due to security reasons we are not able to show or modify cookies from other domains. You can check these in your browser security settings.

Google Analytics Cookies

These cookies collect information that is used either in aggregate form to help us understand how our website is being used or how effective our marketing campaigns are, or to help us customize our website and application for you in order to enhance your experience.

If you do not want that we track your visit to our site you can disable tracking in your browser here:

Other external services

We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Changes will take effect once you reload the page.

Google Webfont Settings:

Google Map Settings:

Google reCaptcha Settings:

Vimeo and Youtube video embeds:

Other cookies

The following cookies are also needed - You can choose if you want to allow them:

Privacy Policy

You can read about our cookies and privacy settings in detail on our Privacy Policy Page.

Accept settings