We might be a week or so early with our New Year’s resolution thoughts, but it’s not too soon to think about how to compete better in 2014. It seems that the economic horizon is brightening. Congress passed a budget, so the federal lights will stay on and the national parks open. Unemployment is declining and companies are more optimistic. Different challenges are likely for every organization in this environment.
Your Best Employees Will be Looking
Surveys say that 75% of the US workforce will be looking for a new position in 2014. Are some of your best and brightest among them? No matter what you think, the answer is likely, “Yes!” A robust and progressive training culture can fight that trend.
There Will be Turnover
If your organization has been fortunate to experience low employee turnover in the last few years, your onboarding training may be stale. Is it ready to go if you need to hire to replace exiting employees and to fuel growth?
Corporate Cash is Building Strength
A November/December survey in Training magazine indicates that 80% or organizations will be doing at least as much or more training in 2014 (it’s about evenly split at 40% same/more). Increased investments enabled by better corporate results will make your competitors stronger, not weaker.
Training and development have become necessities, not luxuries only for the companies that can afford the investment. Employees know that their time with your organization will not be measured in decades, but in years (single digits) or even months. They are looking to see what they get and what they will learn. If training and development are not on the menu, they will look somewhere else for their next opportunity.
The challenges are good ones. Managing growth and competing in a revitalized economy are exciting. Be ready with a team that is prepared. Resolve to invest in your people.
Learning Dynamics is a leader in customized training solutions for organizations of all sizes and missions. Talk to us to discuss how training and development can spur growth and success at your company in the New Year.