Learning & Development | 4 ways to improve retention with affordable high-quality training

A 2019 employment survey by the UK Commission for Employment and Skills (UKCES) shows that employers are continuing to invest in training and development. On average, 60% of the UK’s workforce has undertaken training. But what makes a good workplace training provider?

Businesses across the UK are being heavily impacted by the rising cost of living and soaring inflation. In a May survey by the Office of National Statistics (ONS), more than a quarter (26%) of UK businesses cited “inflation of goods and services prices” as the main concern for their business. Additionally, recruiting and retaining staff is now more difficult than ever amid a post- pandemic rise in demand for greater working environments, better known as
‘The Great Resignation’.

This means many business owners are going to be looking at how they can cut costs and improve efficiency in their operation, as well as ensuring they remain attractive to potential and existing employees. A maybe surprising, yet great way to do that is through the use of effective workplace training.

iHASCO, a market-leading provider of online workplace training, recently sent a survey to their clients to gain a better understanding of their views when it comes to cost savings, compliance, and simplicity with iHASCO. The results suggested that effective training helped their clients to reduce costs and help them to improve employee retention.