Investing in your employees costs less than recruiting

An empowered learning and development team improves employee retention. In fact, 93% of employees say they will stay longer at a company when that company invests in their career development. Employee retention is absolutely a key HR objective, but there are many other benefits that learning & development provides that directly impacts a company’s bottom line. Training employees helps make employees more productive. Companies that spend at least $1,500 per employee annually report earning 24% more profit than those with smaller learning and development (L&D) budgets. So, we get it. Learning and development is amazing. It helps companies gain and retain top talent, it improves productivity, and learning & development helps companies earn more profit. Before we go on then, it seems we need to understand what is learning and development and who are the key players. Discover firsthand what Kaltura’s Training Platform solution can do for your Enterprise L&D program! BOOK A DEMO TODAY!

Content written by https://corp.kaltura.com/blog/learning-and-development-importance