Eighty-one percent of Futuretrack: Impact of Part-time Learning Two Years After Graduation survey respondents said they have been employed before, during and after their schooling. Of the 1,000 students who participated in the survey, only 20 percent had switched to a different employer upon graduation.
Recruiters looking to retain talent should examine how the company is investing back in their employees. Employers who invest back in their worker’s future by helping them grow their careers through further education and training may have better incentives than a job offering more money, reported Forbes. Although money is important for sustainable living, more employees would rather have an employer who enables them to partake in interesting and meaningful work, stated Time Higher Education. Job satisfaction and promotion prospects are becoming more important than just a pay raise.
Recruiters and human resource professionals need to check in with employees to make sure their professional growth is encouraged, not stunted, added Forbes. Offering new training sessions and further educational development is a way to ensure employees continue to succeed in their professional development, which also helps to further develop the organization. Businesses that are stagnant and full of human capital are not likely to retain talent for long if there are no opportunities for professional progression. It’s important for managers and recruiters to gain potential prospects and current employees’ trust – and follow through on the promises they make to said employees about career succession plans, said the source.
Qualified workers are looking for employers who appreciate their talent and capabilities that contribute to the overall organizational goals. Employers who had participants in the Futuretrack study had positive feedback for the Higher Education Career Service Unit (HECSU). These businesses stated that they had greatly benefited from having qualified workers who are able to complete tasks, understood the work and were more confident in the workplace, reported Times Higher Education. It’s safe to say that employee investment doesn’t only benefit employees’ personal career development, but can also aid in a company’s ability to retain talent within the workplace and help the organization succeed.