In 2015, Learnkit did a study that gathered together feedback employees revealed about their company’s training and onboarding, and showed that onboarding has a shocking impact on their engagement. Key findings of the study showed that:
- 66% of employees say they value learning opportunities over monetary compensation.
- 63% of employees said they would be more engaged if they had better training.
- 40% said their engagement would improve if they had better onboarding.
Below is an infographic that they created that shows some of the study results.
Why does employee engagement matter? Research shows that business success is driven by engaged employees, employees who are committed to the organizations they work for and are “all in.”
But what does a company need to do to make their employees feel engaged? Pay them millions? It turns out that money is only a part of the picture. Employees want to feel like they are learning. Providing training that allows your employees to grow their skills not only created more skilled employees, it also creates more engaged employees.
According to Learnkit, better training “equates to happier employees, improved culture, better customer experiences, and an overall positive impact on your bottom line.”
Training begins with onboarding, when you teach your new employees about the organizations they have just been hired to work for, the industry they are in and their role in both. According to Learnkit, companies that initiate structured onboarding see year-over-year improvement in revenue, customer satisfaction and time-to-productivity rations.
So what’s the catch? Why don’t more companies provide better training and onboarding?
“There isn’t one, really,” according to Learnkit. “It is fairly straightforward. Help employees be successful in their roles, prepare them for growth in their career and you will be rewarded with higher engagement and a positive impact on your bottom line. Providing eective onboarding and ongoing training makes a big dierence to your employee engagement. It enables employees to add value to the business and feel good about their success. A strong culture of learning is one of the most important components to remain competitive in today’s business landscape, because what you get is a smarter, and more engaged workforce. And a more knowledgeable workforce means a win for everyone.”