Corporate training is seen as a key staff retention tool by more than 95% of hiring managers. Staff retention is important for more than just continuity, as it’s been estimated that every new hire costs your organisation an average of $30,000. Besides making really good financial sense, there are plenty of other excellent reasons you should be looking at an investment in corporate training.
How do you maximise the return on investment when it comes to corporate training? Every organisation varies however, there are a few different strategies you can employ to help you get optimal results from your Learning and Development budget.
Deciding on a postgraduate business qualification is not an easy task. How do you know the program you choose will provide you with the career benefits you’re seeking? After all, any worthwhile postgraduate program will be a significant investment of time, money and brainpower, so it’s vital that you can be sure you’ll get a return from that investment. You need to be certain that the skills and knowledge you’ll master will be in high demand for many years to come.
As a manager, your people are by far your most valuable resource so retaining them should always be among your top priorities. Besides just generally being a waste of your valuable time, research indicates it costs around $30,000 to replace one employee. So how do you retain the best people on your team or is their decision to leave something beyond your control? Here are five techniques that great managers use to keep their best people on board.
We invite Dr David Paul Unit Convenor at AIM Business School to discuss Mindfulness and the innovative new AIM Business School MBA Mindfulness elective.
How well do the people on your team get along? Do they trust each other? Do they respect and value one another? Now reflect on the impact the quality of your team relationships has on the performance of your business. How well are you able to leverage the full potential of your people because they work with a spirit of cooperation? To what extent are you tapping into the diverse perspectives, skills and experience of your team because people collaborate well?