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BETTERING YOUR BUSINESS: Why professional development is a pivotal factor in business success

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Page 1: Ebook bettering-your-business-roi

BETTERING YOUR BUSINESS: Why professional development is a pivotal factor in business success

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Did you know that...

WHAT DOES LOW EMPLOYEE ENGAGEMENT MEAN FOR COMPANIES?

33%

34%of American workers are engaged in their work1

50% of workers are “not engaged”1

16% of workers are actually “actively disengaged”1

Lower productivity and employee loyalty

33% of senior leaders believe employee loyalty has a direct relationship to profits1

Business units with high employee engagement have 28% less internal theft and 21% higher productivity1

28% less internal theft

21% higher productivity

while &

Higher employee turnover

The total cost of replacing an employee is estimated to be between 90% to 200% of his/her annual salary1

$11 billion is lost annually due to employee turnover1

11 billion

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WHAT ARE THE BENEFITS OF ENGAGED EMPLOYEES?

In addition to helping alleviate the issues mentioned above, highly-engaged employees provide your company with several key factors that contribute to your overall success. They help to improve corporate culture and morale as well as enhance your customers’ experience, which not only makes your business more lucrative, but also helps to attract top talent to your business.

Highly-engaged employees are:

2x more likelyto help someone at work even if he or she doesn’t ask for help1

3x more likely to do something good for the company that is not expected of them

5x more likelyto recommend that a friend or relative apply for a job at their company1

2.5x more likely to stay at work late if something needs to be done after the normal workday ends1

Inability to attract top talent

65% of companies are experiencing problems attracting top performers1

38% of employers say lack of qualified talent results in the most productivity lost within their organization1

38%65%

Customer retention rates are 18% higher on average when employees are highly engaged1

Organizations that have over 50% employee engagement retain over 80% of their customers1

18%

Highly-engaged employees also help your company to retain customers.

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46% of employees say their company’s training courses/methods make them less likely to leave.1

58% of employees say that professional development contributes to their job satisfaction.1

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SO HOW CAN YOU GET EMPLOYEES MORE ENGAGED? FOCUS ON TRAINING.

Growth and development are among the strongest drivers of employee engagement, yet only 34% of companies focus on developing and retaining current employees and just 59% of employees say they can “grow and develop” at their organization, with 68% of employees saying their managers aren’t actively engaged in their career development.1 It’s important that companies start to understand the power of employee training and development seeing as the benefits of educating current employees often outweigh the cost of training.

Benefits of employee training and development include:

• Increased efficiencies and productivity: A well-trained staff is more efficient, requires less supervision, and is better prepared to help the organization achieve its goals.

• Enhanced innovation and ability to adopt new technologies and methods: Staff that engages in continuous learning are better equipped to meet the challenges of change and adapt to new technology.

• Better job satisfaction: Happy employees are generally more motivated and more productive.

• Attracting top talent: Providing employee training opportunities will make your company more attractive to the most qualified candidates.

• Retaining current employees: Companies that provide employee training opportunities have a lower level of employee turnover.

On average, a 10% increase in workforce education level led to an 8.6% gain in total productivity.4

8.6%

ITProTV can help!

Training to Retain Pays Off

As mentioned earlier, a whopping $11 billion is lost each year due to employee turnover. Yet, only 35% of employers trained low-skill workers and hired them for high-skill jobs in 2015, and only 33% plan to do the same this year.1 Let ITProTV help you stay ahead of the competition and increase revenue by training your current IT employees to keep them on board and moving up.

0%

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YOUR BUSINESS, UPGRADEDITProTV is constantly updating its library of high-quality content, making sure your staff has the resources they need to keep your business moving forward. Course offerings span hundreds of topics across dozens of in-demand IT disciplines, with more being added every day.

CERTIFIED EXCELLENCECourses are led by certified professionals with real world experience across several IT sectors and offer valuable tools like virtual labs and practice tests to help your own IT pros get certified. ITProTV makes sure your team has the right skills for the job, time and time again.

YOUR STAFF, YOUR PROGRAMEvery business is unique. That’s why ITProTV’s Supervisor Portal allows you to customize and schedule training based on your own staff’s needs. Whether a new hire needs to be brought up to speed or an entire team is seeking certification, ITProTV offers efficient and flexible learning.

“CLICK, CLICK, SNORE” NO MORESay goodbye to mind-numbing slideshows, and tune into ITProTV for an intuitive and engaging learning platform. With live sessions scheduled daily, your staff has the opportunity to regularly engage with the course hosts for a truly interactive experience.

ANYTIME, ANYWHEREOn-demand web courses let your staff learn on the devices of their choice and at their own pace, whether they’re in a suit and tie or pajamas. And with downloadable content, ITProTV is perfect for the on-the-go professional.

PEER POWERSometimes it takes a human touch. ITProTV supplements course offerings with interactive Q&A boards so that your staff can tap into a wealth of knowledge and experience in real-time from course instructors and other professionals seeking certification.

With ITProTV, you get quality IT training at an affordable price that easily scales for any department size. Your staff will receive the most up-to-date content, provided by certified trainers in an engaging format that is easily accessible anytime, anywhere.

WHY CHOOSE ITProTV?

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The Benefits of Training Your Staff with ITProTV

With the amount of open IT positions expected to increase 17% by 2022, competition is fierce.3 Organizations must strive to attract top talent while also fighting to retain their current IT staff, especially since they’ve already invested time and money in these employees. But the truth is, 80% of IT pros say they’re open to hearing about a new job opportunity, and 27% of IT employees have been recruited by other organizations in the past year, with some IT pros receiving up to 32 job solicitations per week.1

Despite the competition, ongoing training and development options like ITProTV can help. Not only will top talent be attracted to your company, but your staff will be happier, more engaged, and more productive because the company they work for is actively helping them advance.

Keeping Skills Fresh

“Becoming obsolete” is the biggest concern for today’s workers, twice as worrisome to them as being laid off.1 A vast majority of employees (89%) see professional development as the key to staying relevant in their field and over 75% of employees believe that professional development increases their ability to effectively do their job.2 Help ensure your IT employees have the skills needed to stay in the game by providing them with continued training and certification prep through ITProTV.

Investing in the professional development of your IT staff can pay dividends. Certification keeps your employees up to date on the latest technologies and keeps your systems running at optimal capacity, which is good for your staff and good for your bottom line. ITProTV offers informative, engaging training by certified instructors at a fraction of the price of other training options, helping you can keep your staff up-to-date without draining your budget.

ITProTV allows you to effectively prepare your IT Pros for certifications offered by a variety of vendors, including CompTIA, Microsoft, and Cisco, to name a few. It also gives you the chance to train multiple employees at once through a variety of platforms and at their own pace. You can then monitor their progress using the Supervisor Portal, helping to ensure your users are engaging with the training and that everyone is getting the most out of the investment.

See for yourself how ITProTV can help make your business more successful.

Available platforms: Web, iOS, Android, Roku, Amazon Fire TV

Sign up for a 30-day free trial today!

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SOURCES

1. Brandon Carter. “Employee Engagement & Loyalty Statistics: The Ultimate Collection.” Access Perks, 26 Aug. 2016. Web. 29 Aug. 2016http://blog.accessperks.com/employee-engagement-loyalty-statistics-the-ultimate-collection#engagement

2. “2016 IT Skills and Salary Report: A Comprehensive Study from Global Knowledge.” Global Knowledge. Web. 29 Aug. 2016http://images.globalknowledge.com/wwwimages/pdfs/2016_SalaryReport.pdf

3. “5 Reasons Why Employers Look for IT Certifications.” CompTIA. Web 29 Aug. 2016https://certification.comptia.org/docs/default-source/downloadablefiles/hr-perceptions-of-it-training-and-certification.pdf

4. “Training and Development Leads to Higher Productivity and Retention.” businessknowhow.com. Web. 29 Aug. 2016http://www.businessknowhow.com/manage/higherprod.htm

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