Always some great articles from Training magazine and true again in the February edition.
One interesting stat on page 10 about hiring or attracting new employees is that 40% seek career development prospects as top priority when considering a new employer versus just 21% for work/life balance and competitive compensation and benefits 12%. Actually compensation is no 4 which has not changed since I first starting looking at these types of stats over 15 years ago.
This concludes that you do not have a chance of hiring and keeping top performers if you do not offer on-going training and development opportunities. Many small and medium size businesses fail at this thinking that it is too expensive to provide ongoing training or don’t realize the importance.
This goes back to poor leadership, which I believe is the true cause of most failures.
Stephen