What role do CFOs play in the Great Resignation? — from chieflearningofficer.com by Keith Keating
Excerpt:
People are unhappy with their jobs, opportunities and employers’ treatment. Many feel constricted and unable to advance their careers because their companies fail to provide efficient learning and development programs. According to a McKinsey report, 41 percent of employees said the lack of opportunity for professional progress was the principal reason they left.
Their workplaces had no room for personal or career growth, forcing them to look elsewhere. Moreover, 94 percent said they wouldn’t resign their jobs had their employers invested in learning and development.
That is a grave problem. Gallup’s 2021 report found that turnover costs one trillion dollars to U.S. businesses per year.
Would companies be able to prevent this issue if their chief financial officers took L&D programs more seriously?
From DSC:
That seems like a very solid question to me.
Also relevant/see:
Succession Planning Requires Continuous Learning Culture — from learningsolutionsmag.com by Pamela Hogle