Nothing slows the growth of your AEC firm quite like a high employee turnover rate. Not only is it difficult for any business to gain momentum when it has to stop and fill holes in its workforce every few months, but there is the potential for firms to lose a significant amount of money when staff is constantly changing.
The Center for American Progress states that when a worker quits, it costs his or her former employer about one-fifth of that individual’s salary to find and hire someone new. And if this is the case for a single employee, imagine how much you stand to lose when workers are leaving on a regular basis. Fortunately, organizations can take steps toward increasing employee retention—beginning with more effective onboarding and employee training programs.
Train Immediately, Train Often
Increasing the quality and availability of training can have a significant impact on employee loyalty, which in turn can improve staff retention. According to The Wall Street Journal, businesses should recognize early on the needs of new employees if they want them to stay, and they can do this through training.
Many newly hired employees want to know more about their advancement opportunities within the company, or wonder if it is possible for them to telecommute once they nail down the basics of the business. The more opportunities for training you provide for your workers, the more they will feel as though you have an investment in their personal and professional well-being, and the more confident and content he or she will be in the workplace—two traits that may keep employees from looking for work elsewhere.
AEC firms should consider also how much more effective a well trained workforce is, as well as its potential to reduce employee turnover. Providing continuing education opportunities through an online learning solution can help licensed professionals meet their renewal requirements as well as advance their skills in a way that is flexible and convenient for them—and cost-effective and easy to manage for you. Likewise, non-licensed professionals will appreciate the opportunity to improve certain skills through training, such as computer skills; leadership and management skills; and customer service and sales techniques.
Make Training an Essential Part of Onboarding
There is growing evidence that businesses that invest more in training have a significantly higher profit margin as well as a lower employee turnover rate. When developing and implementing your staff training program, consider the role of training in onboarding. No longer is it enough to point new employees to a desk, train them for a day or two, and expect them to be fully integrated into the team.
An effective onboarding program focuses on providing ongoing learning and development opportunities to help employees acquire the skills and information necessary to become effective and committed team members. Start by introducing new employees to your firm, its policies and procedures, key departments, and other information through an online company orientation course such as the one provided by RedVector. Not only will this help deliver consistent training to all new hires, but it will also help ensure compliance with key company policies and save time and money for training managers.