How Does Training Reduce Turnover? - Grace Hill
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How Does Training Reduce Turnover?

Posted on December 7, 2017 by Grace Hill

TRAINING

How training reduces employee turnover

 

79% of training administrators believe training reduces employee turnover.

 

In last year’s Grace Hill Benchmark Training Survey, 79% of survey participants said they believe training reduces employee turnover. But how does is it work? Here are the most common reasons given for why training reduces turnover.

#1 Better performance leads to higher job satisfaction.

 

“Employees that feel they are not trained properly are not satisfied as a whole. They have no idea if their performance is meeting the standard.”

Training Administrator (2,001 – 7,000 units)

 

The most common response survey respondents gave for how training reduces turnover is the satisfaction that comes from good performance. Training prepares employees to succeed. Many people said training gives employees the tools to feel empowered and confident about their role and responsibilities. Without it, they can feel frustrated and overwhelmed.

 

#2 Training makes employees feel appreciated.

 

“If employees believe that a company cares enough to help them succeed, this fosters loyalty.”

Director of HR (7,001 – 15,000 units)

 

The second most common response was that training demonstrates an investment the company is making in the employee, and this helps the employee feel like a valuable part of the organization. Many people remarked that this shows an interest in and care for employees, and that makes employees want to stay.

 

#3 Training creates a path for growth.

 

“Creating a clear learning path provides employees a goal to strive for with a sense of achievement and an opportunity for recognition.”

Training Administrator (7,001 – 15,000 units)

 

The next most common response involved the growth potential of training. Training allows employees to grow in their roles and seek advancement within the organization. It often makes the difference between a temporary job and long-term career.

 

The property management industry experiences higher turnover overall than most other industries. Making sure your training program fulfills each of these important functions can help you keep employees longer and save money on recruiting, hiring and onboarding.

 

Grace Hill’s marketing content team aims to create informative resources that help multifamily and commercial industry professionals elevate their performance. From blog posts and ebooks to infographics, checklists and webinars, the Grace Hill team has a singular focus: creating meaningful and engaging content that resonates with real estate professionals across the industry.    However, what makes Grace Hill so unique is the range of collective experience and collaborative spirit of its marketing content team. A group of talented writers with expertise in the real estate industry, overall management effectiveness, marketing strategy, and operational efficiency, the team provides new ideas to take performance to the next level. As a thought leader, Grace Hill's content team constantly pushes the envelope, experimenting with new resources and tools to keep industry professionals ahead of the curve.  Whether you're a seasoned pro or just starting out in the real estate industry, the content team at Grace Hill is creating resources to help you succeed. Learn more about Grace Hill on LinkedIn.

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