92% Of Employees Prioritize Learning and Development: The Big Upskill Is Here
New research by e-learning provider imc Learning reports that 92% of employees consider training a deal breaker if choosing between two potential employers, amid a growing trend of employees expecting employers to offer better opportunities for learning and development.
London, June 2023
imc Learning, a leading European e-learning provider, commissioned ‘Research Without Barriers’ to conduct a study that investigated employee satisfaction in connection with continuing education offerings.
The trend, which was sparked by the major societal shift in personal and professional priorities post-pandemic - also known as the Great Resignation or Great Reshuffle - is now being billed as ‘The Great Upskill’.
The Great Upskill is a natural evolution of the Great Resignation, as people seek greater fulfilment and engagement with their working lives. Aside from a greater expectation of flexibility, employees now want to work for employers that help them to enrich their working experience through ‘upskilling’, training, personal and professional development, and by creating engaging career paths for the short, medium and long term. They want to achieve more, know more and generally be more engaged with the work they are doing - a move away from the traditional approach to benefits, which focused heavily on short term perks, like free fruit.
imc research has found that 52% of employees had left a role due to lack of personal or professional development opportunities. Interestingly in this context, 48% of employees have not received training in the last 12 months. The importance of creating pathways early for talent, and following through with them, can reduce the overall staff turnover, keep employees engaged, and help to nurture and retain talent in the long term.
"We've seen the right enterprise learning strategies and e-learning technologies have a direct impact on both staff retention rates and overall employee job satisfaction, particularly among our larger multinational clients." says Russell Donders, Director of International Market Development at imc.
Russell Donders has worked in the Learning Technology space for over 20 years and has helped countless global enterprises design and implement robust integrated learning ecosystems, including LMS, LXPs, and content management solutions.
Russell is currently imc's Director of International Market Development and responsible for the company's international growth. He nurtures key partnerships with imc clients to help them take their corporate learning to the next level.
A very considerable 86% of employees would remain with their current employer for longer if they were offered frequent L&D opportunities.
The trend isn’t only affecting junior team members. Among managers, 22% now say they do not receive enough training in their current role. This finding chimes with the Great Resignation trend of an average of 20% of the workforce looking for new roles in 2022. In fact, 78% of managers would remain with their current employer for longer if they were offered frequent L&D opportunities. A clear development pathway is therefore key to retaining and nurturing senior team members - and now essential amid the recent talent scarcity concerns.
While economic conditions may influence some businesses to tighten their belts, the rise in demand for well-rounded and tailored training opportunities across all levels doesn’t come at the expense of business interests. Quite the opposite as 81% of managers’ report a positive impact from training on their business bottom line.
With more than 25 years experience, 12 international locations and 400 employees, imc is the leading full-service provider for digital training.
Experts in the fields of technology, e-learning content and strategy work hand in hand to provide holistic and customized e-learning solutions - worldwide.
Founded by IT-pioneer Prof. August-Wilhelm Scheer, imc today supports over 1.300 commercial enterprises, government organisations and educational institutes with over 10 million learners around the world in planning and implementing professional and bespoke trainings solutions.