Retaining Employees: A Learning Culture
A culture of learning hinges on developing the talent and knowledge of a workforce. Millennials require engagement, in the form of learning or professional challenge. A culture that encourages managers to learn new things alongside their departments engages multiple structural levels within an organization. Also, challenging employees within their process and work, to temper their abilities and spark transformative professional improvement is critical to developing this new workforce. This method of creating a positive culture focused on talent reinforcement is dually beneficial. Developing an engaging culture will retain younger employees and developing not only those entering the company but the more tenured leaders as well. As documented by Degreed and talent culture, a learning culture also developing a competitive advantage across industries, as all of the business is suffering from high turnover and a less than engaged emerging workforce1. Bettering the ability of employees and reducing the effect of workforce turnover is a strategic advantage over the multitudes of other entities struggling to retain younger employees.
Investing in the future of the entering workforce starts with improving employee retention rates. Fortunately, Millennials are driven by personal development and challenge. In engaging, and investing in the growth of the younger emerging workforce, they will, in turn, find contentment in their positions. Netflix creates a projected sense of growth for entering employees to set learning goals and to ensure development. Empower the entering employees to make decisions, and develop their ability through challenging work. The generation joining the workforce aspires to lead, and one day inevitably will invest in their development, and you can cut the opportunity cost of their resignation.