In a recent survey of 2,000 people by the Chartered Institute of Personnel and Development (CIPD) found that more than one in four were unhappy with opportunities to develop their skills or further their career. The CIPD registered job satisfaction at its lowest level in more than two years as a result of its findings, declaring that the survey had identified that companies risked losing staff through a lack of engagement on issues such as career development.
Having come through the recession and the market being buoyant, now is an important time for employers to make sure that their employees are feeling appreciated and being afforded the opportunities to develop their skills and career within the business. The loss of employees can be of significant cost to a company, whereas investing time and money into your employees can bring a range of benefits:
- An engaged and motivated workforce enjoying greater job satisfaction, higher motivation and morale
- Reduced absenteeism and employee turnover
- Reduced recruitment costs in both time and money
- Increased productivity and efficiency
- A positive point of difference for recruits. Your visible demonstration of how prepared you are to invest in individual advancement will be key to attracting top talent to your doors.
With less high calibre candidates actively seeking to change their jobs, it is important that companies make themselves an attractive proposition to potential employees, whilst salary is an important factor, other benefits can include:
- Flexible working
- Generous annual leave
- Gym membership
- Social events
Being able to offer additional benefits will lead to better staff retention, a more motivated workforce and make your company a more attractive proposition to potential employees.