44 Facts About Learning In Companies
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Transcript of 44 Facts About Learning In Companies
In any given industry, we are now able to benchmark and
analyze trends, acknowledge success stories and
build on what others have discovered.
To understand organizational learning and how it happens
in your company, it can sometimes be helpful to know
where the industry stands
and what other pertinent discoveries have been made
in other successful companies, that you can integrate
in your own learning strategy.
Use these stats to understand how organizational learning has evolved and what today’s employees or new
hire prospects expect of you.
— McKinsey Quarterly
Only 8% of organizations actually evaluate the value of learning
and development initiatives.
80% of 2016 gradsexpect their first employer to provide formal training.
— Accenture
— Harvard Business Review
40% of employeesfrom one Fortune 500
technology company want to spend more time training, coaching and
mentoring.
— Sun Microsystems
Introducing a formal mentorship training program
increased retention rates by 23%
— Glassdoor
72% of employeesvalue on-the-job training more
than a college degree.
— Oxford Economics
Becoming obsolete is the biggest concern for today’s workers,
2x as concerning as being laid off.
— PWC
35% of millennials say good training and development programs
are the most desirable quality in a workplace.
— ADP
91% of managers, 81% of HR administrators
and 75% of employers
believe that their organizations do not do onboarding well.
— Boston College
More than 80% of Millennials
say they’re willing to put in a great deal of effort beyond that normally expected in
order to help their organization be successful.
— ASTD
Companies with comprehensive training programs have
218% higher revenue per employee and 24% higher
profit margins.
— Kimmel & Associates
The cost to replace an employee making $100,000,
can be $50.000 when considering factors such as job learning curve, job search HR costs,
and advertising.
— Dale Karnegie Training
Companies with engaged employees outperform those without
by 202%.
— ASTD
Leading-edge companies trained 86% of employees
while average companies trained only 74%.
— ATD
Only 38% of managers believe that their learning programs
meet their learner’s needs.
— Harris Interactive
Employees from companies with poor training opportunities are
more than 3 times as likely to want to leave their job compared
to those whose organizations have excellent training programs.
— Gallup
Employees who get the opportunity to continually develop are
2x as likely to say they will spend their career
with their company.
— Fast Company
60% of companies don’t set any milestones or concrete goals
for new hires to attain.
— The Energy Project
70% of employees worldwide do not have regular time
for creative or strategic thinking at work.
— TJinsite
35% of employers said on-the-job training enhanced
employee morale in their organizations.
— Vairkko
40% of new hiresleave an organization within a year
if they don’t receive training.
— Maren Hogan
1/3 of new hires quit their jobs after about six (6) months.
— Gallup
Just 37% of engaged employees would consider leaving for a 20% raise or less
VS 54% of actively disengaged
employees.
If you’re curious to read more facts on learning in companies or are pressed for time,
download the PDF with all 44 facts about learning in companies here.