Minimize expensive employee turnover with high LMS features
Your organization spends a lot of time and money recruiting the right employees. You take the time to add a job description, read the resume and interview the right candidates. You then take the time to board them – this is a process that requires a bit of training, and takes them to a point where they can be raised to full tivity productivity. This will take the sales industry averaging 3 months, maybe longer. What about minimizing expensive employee turnover with the right LMS features?
So what happens when those employees leave for a new job as soon as you hire them? The short answer is that you have lost money. According to Gallup , U.S. businesses lose trillions of dollars annually in employee turnover.
But what does that mean for your business? It seems that the cost of turnover for a single business is still very high. The cost of replacing an individual employee can be one and a half to two times the employee’s annual salary. Gallup estimates that an organization of 100 people with an average salary of $ 50,000 could face turnover and replacement costs of $ 660,000 to about $ 2.6 million a year.
Why do employees quit their jobs?
Employees are looking for new jobs for a number of reasons: toxic work cultures, better pay elsewhere, or pursuing a long-term aspiration all cause your team members to find another job. But there is another reason why your employees should look elsewhere for employment: they are not engaged. This can lead to costly employee turnover.
According to Gallup About 35% of the workforce is “actively” employed. That means they are happy, tive and like their jobs. Meanwhile, 13% are “actively deactivated.” Those workers are miserable at work and spread their dissatisfaction to their work colleagues. That means the other 52% are “not engaged” and at least walk along the coast.
According to Gallup, “non-engaged” employees are “not emotionally attached to their job and company … and do not devote time or energy to their work.” Employees who are not employed will usually offer to work and make the minimum contribution required. They are looking for better job opportunities and will leave their company soon for a slightly better offer. ”
It makes up more than half of the workforce and is a recipe for turnover.
How to fight with disconnection?
Fortunately, training is one of the best ways to get employees involved.
Many workers, especially young workers, value development because they associate it with opportunity. A recent LinkedIn study found that 40% of workers 24 and under talk to their manager before making a career change if they are given “access to extra opportunities to learn and grow in the workplace.” .
Gallup’s latest data show workplaces that create “high development cultures.” Giving employees the opportunity to “develop their strengths and goals into a career” – likely to see more busy employees.
Higher development cultures tend to value learning, development and communication. They prioritize counseling over management, encourage coaching over bosses, and make employees feel that their organization values their development.
So, when many teams are working remotely and unable to face each other, how do you use the features available in your Learning Management System (LMS) to enhance your team performance?
Below are 4 features that will help keep your team engaged and learning. Also, how do you use your LMS to reduce employee turnover?
1. Mobile learning
If your team members are like most employees around the world right now, they now work from home. That means they may be sharing their laptops or tablets with school-age children, spouses experiencing technical difficulties, or roommates. Just They want to borrow their technology for a second.
Your LMS should support mobile learning for a variety of reasons, but in the event of a lockout or epidemic, it is important to give your team members different ways to access their learning. If their laptop is ordered for summer school, no problem – they can pick up their phone and complete a module. U.S. adults have a smartphone more than any other device , And you can bet that your remote employees will use a smartphone for at least part of their job. In fact, LinkedIn found a 5% increase in mobile learning even before the epidemic .
It is not just knowledge workers who stay at home who need mobile learning; There are also essential employees who take their jobs into the field. These employees rely on their devices for work-related communication. By making sure they have access to learn from their phones, they can connect to where they are without having to sit at a computer.
Who doesn’t love to play a sport? Many LMSs give you the opportunity to gamble your training by adding points, logos and flags.
What is gambling? It is the introduction of sports mechanics to non-sporting opportunities such as work or training. Although gambling can take several forms, in L&D it is often seen as a point system. It works like this: learners receive training modules, earn points, or be awarded a logo or graded on a leading board according to the training activities of all learners. Thus, gambling LMS features are key to motivating your teams.
By turning learning into a sport, it is easy to motivate learners to complete modules and move forward in their learning paths, and to cover employee turnover costs with LMS software. However, you should be careful about gambling. Consider your individual staff members before publishing a lead board, as sometimes a very low level of staff on a lead board will be neglected.
3. Video evaluations
If your learners stay in their homes for long periods of time, they may forget what it is like to be in a personal training session.
If a training manager really wants to see the progress of students learning a module, video evaluation can be added to a course series. Tell your learner to respond to customer opposition; If you add a video rating module, you can upload a video that gives your learner the pitch, you can review it, and give feedback. A video appraiser used in conjunction with another form of deployment allows a training element to be added to a distance training model and learners prefer to practice.
In fact, high development workplace cultures encourage organization managers to act less like a boss and less like a coach; It is the manager’s job to identify the strengths and weaknesses of the team, to encourage teams to solve problems, and to select training and development specifically for their employees.
4. Micro warning
If your employees want to learn to do something just now, Would they like to watch a 5 minute video or take an hour-long course? I hope you know the answer.
Microlarging is a quick, focused focus on information that addresses only one topic. Your employees are often accustomed to doing microwave alone. If they do not know how to do something, they ask Alexa or watch a 2 minute tutorial on YouTube. By giving them such learning at work, you can save them time and focus on your stuff instead of Google when they have a problem. This is a good way to cover employee turnover costs with LMS software and online training. A survey conducted by Software Consulting found that learners are 58% more likely to use their company’s LMS. .
Involving learners in a crisis is important to avoid costly employee turnover
Getting engaged is more of a challenge now than ever before. According to a recent IDG report Due to the COVID-19 epidemic, 78% of the workforce now works from home, compared to 16.5% of workers who worked at least 60% before the epidemic.
This means that your content will compete with distractions in the home: children, families, groceries, roommates and pets. By using the features of your LMS to their full potential, you can connect with these workers by allowing them to efficiently learn the time and space they have. New Essentials of Employee Training: Focusing on engaging and cultivating, engaging and enjoying fun to learn more about what employee training should provide in the right implementation!
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This story was originally published 2020/11/06 12:17 p.m.November 6, 2020 Last updated 2020/11/10 1:49...