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Comparing organisations who have demonstrated a commitment to long-term L&D programmes (members of The 5% Club) against organisations without the same commitment, the report highlights a stark difference in employee impact.
The findings are striking, as almost twice as many members of The 5% Club report positive impact of training and upskilling on employee wellbeing, engagement and retention in comparison to typical organisations. Further findings from the study included:
42% of typical organisations said they saw greater employee engagement as a result of running long-term skills development programmes, while 94% of The 5% Club said they saw this benefit
38% of typical organisations said confidence improved as a result of their investment in these programmes compared to 71% of The 5% Club respondents.
While 42% of typical organisations aid retention improved as a result of these programmes, 92% of the 5% Club respondents saw this as a benefit.
When asked about the benefits of programmes like resilience training, wellbeing days, mental health awareness training and team building, 46% of standard respondents said better stress and mental health was a benefit, while 94% of The 5% Club respondents said they felt this was a benefit.
Mark Cameron, CEO of The 5% Club commented: “We see our members as best in class, a discerning group that overachieves, and over-delivers because they want to see a benefit to themselves and to the nation. They understand the need to skill their workforce. They believe in giving the UK the edge by investing in hard-to-reach talent pools in the post-Brexit, post-pandemic era.
“We’re delighted to see that our members report more positive impact of training on employees’ wellbeing. Companies with a strong ESG agenda and L&D offering, will attract and retain employees - there is a commercial benefit to be had.”
But while almost all respondents (96%) saw a link between L&D activity and wellbeing, the survey shows many organisations cutting their investment in L&D over the next 12 months. With the rise of workplace trends such as ‘quiet quitting’ and ‘great resignation’, employee wellbeing and satisfaction has never been more important.
Phil Kenmore, Director, Corporate Development and Partnerships at The Open University added: “Employers know that wellbeing needs to be addressed. That could be from how they help staff cope with cost-of-living crisis or personal challenges. Programmes need to be put into place to respond to a crisis, or a difficult time.
“However, wellbeing also needs to be addressed at a cultural level within the organisation. Positive mental health goes hand in hand with an engaged and loyal workforce. Our new report shows exactly how training and career development can have a proactive impact on wellbeing in the workplace.”
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