How to Attract Displaced Workers in a Post-Pandemic Economy
Posted by Des Sinkevich on September 22, 2021
Why service industry workers are reassessing their career goals
This shift presents new opportunities for employers in manufacturing, healthcare, and other skilled, in-demand industries to attract workers. With nearly 1 in 5 American workers considering a career change, there’s no better time than now to recruit new, highly motivated workers. While the higher wages that skilled trades and healthcare jobs offer is one way to attract employees, more and more workers are searching for jobs – and employers – that align with their values and goals, offering opportunity for growth and advancement.
The benefit of offering education opportunities to employees
In addition to increasing employee retention, offering learning and development opportunities within your company can have long-reaching impact on your bottom line. Education and training can benefit your business by
- Reducing turnover. When Chipotle began offering education benefits to its employees, those who took advantage of the program were 3.5 times more likely to stay with the company.
- Building up your leadership team. Those same employees at Chipotle were also 7 times more likely to move into management roles after completing a degree or other program through their learning and development benefits.
- Creating a strong culture. Studies have shown that generous education benefits also improve employee satisfaction, leading to increased engagement and productivity, which can improve overall company culture. Happier employees are more likely to work harder, meet bigger goals, and act as ambassadors for the company.