In manufacturing companies with a large number of entry-level production employees, retention is a big
issue. And many employers are unsure how to improve the retention rates of their employees. One way
to significantly decrease turnover is to invest in the training and development of entry-level employees.
However, many employers have questions and concerns about investing in training. Here are four myths
and why the investment into training and development really is worth it.
Myth #1: If I invest in my employees, they will leave my company and go work for the competition.
Retention is a concern for many employers. If you are going to put in the time and money to train an
employee in a new skill, you don’t want your competitor to reap the benefits. However, there is no need
for concern. Research has shown that employees who have opportunities to learn new skills and who
feel that their employers are willing to invest in their personal growth are much more likely to stay with
that company. According to LinkedIn’s 2018 Workforce Learning Report, 93% of employees stay at a
company longer if they have opportunities to grow in their careers. If you want to improve retention
rates, then investing in the growth and learning of your employees is a great way to start!
Myth #2: It costs too much to train employees.
While the cost of training employees is high, the cost of losing them and re-hiring is even greater.
According to a Forbes article, the cost of replacing an entry-level employee is somewhere around 50% of
their annual salary. Training employees will improve your retention rates, saving you the cost of rehiring
another employee to take their place. In addition to the money you will save on improved retention,
there are other cost-saving benefits to training employees, especially entry-level employees. If you have
employees who don’t speak English well, investing in their language development will save you huge
costs related to safety concerns and incidents. And investing in basic skills training for entry-level
employees, such as time management, communication, interpersonal skills, etc., will immediately save
you in production time and decrease waste. So while it does cost to train employees, it will save your
company money in the long run.
Myth #3: My employees aren’t interested in learning.
Studies have shown that employees value growth opportunities, especially millennials. If your company
has difficulty getting employees to engage in training opportunities, the problem most likely lies
somewhere else. It could be that the training being offered isn’t relevant to the majority of your
employees. Or it could also be that the training was not explained well to employees and they aren’t
sure how the training would be useful to them. The key is to set up training programs and growth
pathways for your employees. Show your employees how each training opportunity moves them
forward on a pathway to greater success in your company. Find out what kinds of things your employees
are interested in learning. And on another note, by creating growth pathways for your employees, you
are also creating a pool of trained employees you can promote when higher level positions are open.
Myth #4: Training for entry-level employees isn’t available.
Training for entry-level employees is harder to find. A lot of employee training programs focus on
higher-level positions and specific skills for employees to learn. However, there are definitely
opportunities for your entry-level employees to learn and grow. To start, offer training specific to your
company. Make sure employees understand your company values and culture. Teach them how their
job fits into the whole production process. Show them the leadership structure of your company and
explain what each position’s role is. This will help to create a sense of belonging for your entry-level
employees. Invest in onboarding so that employees feel connected right away. You can also invest in
language training for non-English speaking employees. There are also online training programs that
focus on soft skills. At Workplace Talent Solutions, we offer online or in-person training in language,
leadership, and soft skills topics. We also provide a coaching service to employers and employees to
help them find the specific kinds of training they are looking for.
If you feel investing in your employees is something you want to pursue in the new year, we’d be happy
to help you evaluate your needs and help you create a plan. Feel free to contact us for a no-obligation
consultation. We’d love to point you in the right direction.