Rethinking Employee Development by the Numbers

Most organizations have a retention problem—especially in the age of the Great Resignation. But it’s not a problem without a solution. Many studies have revealed that one of the best ways to halt the exodus is to offer better learning and development opportunities for employees. Many organizations, however, believe that developing robust training programs is too resource intensive. But think of it this way: About 65 percent of businesses spend $2,500 per employee per year on developm