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A STRONG LEARNING CULTURE MAXIMIZES EMPLOYEE RETENTION

Employee turnover costs manufacturers millions of dollars and significant productivity each year. Significant turnover indicates a company is not focused on strategies to retain and grow its employees. Two out of five manufacturers (43%) indicate an average 20% or higher annual turnover.

Understanding the two distinct costs of turnover – financial and business impact — is the first step toward creating a company of loyal, long-term employees.

The best way to retain your employees is by ensuring their satisfaction on the job. High-impact learning organizations, which tend to significantly outperform their peers in productivity, customer satisfaction, quality and other metrics, have a strong learning culture in place. They also invest in employee engagement personnel and tools to continually evaluate and develop their workforce.

Read more about the steps you can take to develop a strong workforce that leads to employee engagement and retention. 
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