Employee turnover is a critical and costly issue for companies across all industries. The demographic pressures and the tsunami of retirements are high-level barometers of more to come. Although constantly recruiting and training new employees is expensive, it is the ancillary effects on productivity, customer satisfaction, manager effectiveness and engagement metrics that truly impact the overall business operations. Fortunately, there are ways that HR can start improving employee retention today.
Modern technology enables employees to access information anytime and anywhere to get jobs done. But access to information does not always equate to “learning” at work. If your organization wants employees to continue stretching and growing, you don’t just need a curriculum—you need a culture of learning.
A 2018 survey co-sponsored by Ultimate Software reported that 80 percent of employees said they could do their jobs without their managers and only 53 percent thought their managers cared about their well-being. A Brandon Hall Group study reported that 75 percent of people said that their leadership development programs lacked effectiveness. Feel-good LD initiatives do just that: they make us feel good, but they develop neither the knowledge nor the skills that help people be more effective in getting things done—a critical component of leadership. It’s time to do things differently.
Cornerstone was founded with a passion for empowering people through learning and a conviction that people should be your organization’s greatest competitive advantage. Cornerstone is a global human capital management (HCM) leader with a core belief that companies thrive when they help their employees to realize their potential. Putting this belief into practice, Cornerstone offers solutions to help companies strategically manage and continuously develop their talent throughout the entire employee lifecycle. Cornerstone’s HCM platform is successfully used by more than 3,560 global clients of all sizes, spanning over 42 million users across 192 countries and 43 languages. Learn more at csod.com.