Training, learning, and development are about more than just empowering your employees with knowledge and skills to remain productive and engaged in their work to help support your organization’s goals. While you need a learning strategy to support onboarding, sales training, upskilling, and addressing skills gaps in order to maintain an effective workforce, training can be just as much for your employees as for your business. A strong learning and development program can actually show employees that you value their growth and their contributions and allows you to deliver on your employee value proposition.
What is an EVP?
The employee communication platform Smarp defines the Employee Value Proposition as “an ecosystem of support, recognition, and values that an employer provides to employees to achieve their highest potential at work”, and it’s linked to positive business outcomes such as:
- Organizations that effectively deliver on their EVP can decrease annual employee turnover by just under 70% and increase new hire commitment by nearly 30%.
- Employee satisfaction at Google rose by 37% as a result of employee support initiatives.
- Employees are less likely to cite limited career paths as a primary reason for leaving a job.
How Does L&D Support Your EVP?
- Career Development: Employees who know the growth potential their job has to offer and how the organization can contribute to their career development are more productive and more engaged. Organizations who offer technical training, leadership training, mentoring, or tuition reimbursement for certifications or other continuing education classes find that they have more satisfied employees and greater employee retention, because they felt that their companies were invested in them and in their future.
- Work Environment: A successful EVP component is a positive, professional work environment. A work environment that encourages growth, provides recognition for achievement and advancement, and creates space for opportunities and overcoming challenges is a work environment that can help employees thrive and reduce employee turnover. Organizations must recognize the importance of creating a work environment in which employees thrive and do meaningful work.
- Company Culture: A solid company culture makes employees feel welcome, included, and valued, and leads to engaged, committed employees. A corporate culture that’s defined by a commitment to learning can improve employee trust and collaboration, improve positive employee relationships across teams, improve team communication, and better align employees with company goals and expectations.
To recruit and retain the best and brightest talent, your organization needs to ensure that your learning program is addressing employees' desires to grow through learning and opportunities.
To find out how you can create a more robust learning strategy that helps to better support your employee experience, get in touch with our expert team today.
