Training Decisions Have Real Bottom-Line Growth [infographic] – Friday Distraction

Career Development

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Talent management, ROI, Saba, SHRM, infographic, goals, budget, HR Bartender

I always think of this time of year as “budget season”. You know, when organizations are thinking about what they’ve accomplished during the current year and the goals they want to achieve in the upcoming year. Not only is it great for performance, but it helps to create the budget.

In my experience, I found that when putting together the HR budget and department goals, I needed to come prepared with data. It wasn’t enough for me to say, “I believe this is happening …” or “I’ve heard that our competitors are doing …”. I had to come to the meeting with internal data in the form of cost per hire, turnover, exit interview analysis, etc. AND, external data about what was happening in the talent market.

This infographic from our friends at Saba is worth bookmarking for future reference.

talent management, Saba, SHRM, ROI, budget, feedback, training, technology

Honestly, I don’t know that the bad hiring decision numbers were a real surprise. Turnover is expensive. But I thought that the section on onboarding and learning was relevant and valuable. There’s a huge positive connection between learning, productivity, and profits.

As organizations are focused on recruiting and retention, it makes sense to think about learning. If companies can’t find the talent they’re looking for, they will have to start building learning programs that will develop those skills from within.

Learning begins with onboarding. Organizations should start asking candidates about learning during interviews. Make sure that the individuals you’re hiring are prepared to view learning with enthusiasm. Design onboarding programs to be less about telling new hires what to do and more focused on training.

Teach employees how to be self-learners. We talk all the time about how individuals need to become lifelong learners. But have we really taught people how to do it? Becoming a lifelong learner is about developing self-awareness.

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