When it comes to millennials, the possibility for them to leave their current job is twice as it is for older employees. Mostly not for money but the feeling of lack of development in their careers. The cost of high employee turnover is very high for the employer.For this reason, you should find ways to make the millennials stay when you hire them or stop hiring them altogether. Millennials are the best to hire as they are very productive. Thus, it is advisable to learn more ways to make sure they stay when employed. The right way is by investing in their education. The following are among the reasons why it would be a good move to invest in the employees’ education.
The low employee turnover is one of the reason. By having a non-profit business, you would not mind when employees come and go after some time. But, there is a need to ensure your employees stay long in profit generating business. One of the right way to accomplish this is by supporting their education. Employees feel valued when you send them to pursue a professional certificate or a degree course. This would make them feel that the best is wanted for them which would make them want to stay for long.Even Though some may still leave, they would go after gaining the essential skills in line with their career.
Another one is the boost to the brand of the employer. Today’s employee recruitment is not like it used to be some years back. The reason being that employers had many options when they were selecting employees. Nevertheless, this is different today as workers decide on which employer to work for. With an employer of a bad reputation, a large percentage of the applicants may not apply for a job vacancy. This due to fear of being badly handled by the employer. For this reason, it advisable as an employer to enhance your brand. This can be done by promoting a better working environment by creating the right policies. Besides, by investing in the education of your employees, it enhances the brand of the employer. By doing this, more applicants would want a job from your company s they know how much you value their educational development.
Also, the company gain a competitive edge. The quality of the innovations is what nowadays separate the top businesses and not the amount of annual revenue they generate. Hence, the best company is the one that generates quality products. For your business to be more competitive, here you need to invest in the education of the employees for them to learn more skills.