Investing in Employees: Does It Really Help Reduce Attrition or Is It Just a Myth?

Investing in Employees: Myth or Reality?

Investing in employees to reduce attrition is a myth. Employers should invest in their employees for the growth of both the individual and the organization. Investing in the form of training or any other method has to be a continuous process. It needs to be imbibed in the culture of the organization, which will then build into the goodwill and reputation of the organization. This will automatically bring the organization into the most chosen employer's list.

An employer cannot expect an employee to be loyal just because they have invested in him or her. If an employee has better capabilities or opportunities, they will leave the organization irrespective of the investments made by the organization.

You are exactly right. The strong sense of highly deserving skills that the generation and employees possess challenges employers. However, to enlighten your point on "Investing in the form of training," it is not only the need for an employee. There are other mandatory benefits like performance pay, maternity leave, employer's insurance, and workers' compensation, etc., that an employer could provide to enhance job resources from a broader perspective. Incentives for better performance can also lower the attrition rate.

Employee Loyalty and Flexibility

Employee loyalty is a major course of action that is lacking nowadays. If an employer expects loyalty from the employee, the major factor is flexibility. Not many companies show any sign of flexibility in employers to put into practice by listening to employees' concerns and needs. Accommodating such needs is also phenomenal.

Rewarding and Comforting Employees

Rewarding employees, comforting by approach, and reviews on performance are also leading factors that can reduce attrition.

Regards