Millennials have already earned a unique reputation for being extreme job hoppers. According to studies that have been done on this topic, millennials are said to more likely bid goodbye to their current jobs in order to jump into another one, compared to workers who are older than them. One may think that this kind of high probability of leaving is something that’s related to financial matters but, findings have proven that it is not and that the reason for millennials hopping tendencies stems from the extremely lacking opportunity for professional development.
Having a higher employee turnover rate due to these job hoppers can cost your business quite a lot in the long run. If you want to solve this problem, you’ll have two paths that you could take: you could stop going for millennials during your job openings; or you could also still hire them but, find more robust ways that would make them want to stay with your company. The former option is certainly a path you would not like to take but if you want to go for the latter, your option would be to provide them with development opportunities in the form of education. Fortunately, this page has more info about the benefits of investing in employee education, which will undoubtedly convince you that it’s the right move to make.
You definitely would not mind having employees walk away and new employees coming if you are not aiming for profit in your company. On the other hand, if you want to acquire more profit and value for the company, it is better to work hard on employees that would stay longer in your company. Providing education to employees would satiate their craving for professional development, give them a sense of belonging to the company and will surely be able to make them want to stay longer with your company.
Compared to the past, the value of a company isn’t something that can be gauged with pure annual revenue that the company can generate. Today, a company that’s capable of providing more advanced and innovative products would surely be able to stand above the competition with ease. You’ll surely want to gain this enormous advantage and this is something you can achieve by rendering your employees with education opportunities that will be capable of increasing their capabilities to produce more outstanding results for your business.
Employees are a great part of a company and if you want to gain the attention of more potential talents, you need to have a good reputation today. Rendering your employees with certifications and good education will surely earn you good reviews from then which in turn, would bode well for your reputation and brand regardless if they leave or not.