Employees’ job satisfaction and knowledge affects a company’s performance directly. Studies show that 25% of job satisfaction is directly related to employee’s growth and development opportunity*. When employees experience job satisfaction they are engaged in their daily work life. Educated and engaged employees are 57% more productive and 87% less likely to leave the company**.
Creating opportunities for building a highly trained and engaged workforce helps companies remain competitive by staying in step with factors such as job knowledge, technology, new product development – all of which positively impact workforce retention and productivity.
“An investment in knowledge pays the best interest.”
- Benjamin Franklin
- Improved employee commitment & more stable workforce
- Less expensive than recruiting new employees
- Increased job satisfaction and morale among employees
- Increased efficiencies in processes, resulting in financial gain
*Posted on Corporate Executive Board
By The Staff of the Corporate Executive Boardon August 13, 2010
**BARTEL, A. P. (1994), Productivity Gains from the Implementation of Employee Training Programs. Industrial Relations: A Journal of Economy and Society, 33: 411–425. doi: 10.1111/j.1468-232X.1994.tb00349.x