Employee Retention: In the modern corporate landscape, an employee's journey is more than just a hiring process followed by years of service. It's an intricate, evolving dance between the individual's aspirations and the organisation's goals. A pivotal element of this employee lifecycle is training – and not just any training, but the kind that fosters culture, unity, and growth.
In recent times, innovations like gamification and simulation-based training have emerged as game-changers in corporate training. This piece takes you on a journey through the employee lifecycle, spotlighting the transformative power of these training methodologies.
1. The Starting Point: First Impressions Matter
According to the Society for Human Resource Management (SHRM), organisations with a standard onboarding process experience 54% greater new hire productivity.
As Andrew Grant put it, "You never get a second chance to make a first impression." The first few days are crucial for a new hire. They're looking to understand their role and fit in. Proper orientation is essential. Organisations that have a solid onboarding process see a notable increase in new hire productivity. One way they achieve this is through simulation-based training, letting new hires experience their roles before they truly step into them.
2. The Quest for More: Beyond Basic Training
LinkedIn's 2021 Workplace Learning Report revealed that 94% of employees would stay at a company longer if it invested in their learning.
William Pollard once said, "Learning and innovation go hand in hand." As employees settle into their roles, they seek growth – in their positions and skill sets. Continuous learning becomes vital. A notable number of employees have expressed they'd stick around longer if companies invested more in their growth. Some leading companies, like Deloitte, have recognised this. They use gamified platforms, turning learning into a competitive yet enriching experience.
3. Adapting to the Times: Change is the Only Constant
The business world changes, and so must its employees. Training becomes a beacon, guiding employees through shifting sands. As Microsoft's CEO, Satya Nadella, pointed out, the business future revolves around a continuous learning journey. A practical approach adopted by many companies is running simulation workshops, keeping employees updated on the latest shifts.
4. Holding Onto Talent: The Importance of Retention
A study by the National Research Business Institute states that 23% of employees leave due to a lack of development opportunities and training.
Richard Branson once remarked, "Train people well enough so they can leave, treat them well enough so they don't want to." The cost of losing an employee can be high. Training, especially when deeply rooted in company culture, becomes vital for retention. A significant reason some employees leave is the lack of growth opportunities. Forward-thinking companies, like Google, have turned to gamification in training, making learning not just informative but also engaging.
5. Transitioning & Legacy: The Graceful Exit
Every journey has an end. But leaving a company doesn't mean cutting ties forever. Those departing can be ambassadors or even return later. During this phase, it's about transitioning smoothly and leaving a lasting positive impression. A modern approach is using gamified modules during exits, turning feedback sessions into engaging conversations.
The New Age of Training: Gamification and Simulation
According to TalentLMS, 89% of learners feel they'd be more productive if their tasks were gamified.
In today's world, gamification and simulation aren't just fancy words. They're reshaping how employees learn and grow. Gamification turns training into a motivating and engaging experience, tapping into our love for competition and achievement. On the other hand, simulation-based training lets employees step into realistic scenarios without real-world risks, allowing them to learn from every decision.
What’s Next: Weaving a Tale of Growth
The employee lifecycle is a nuanced narrative of personal and professional evolution. Integrating training with organisational culture, especially when enhanced by modern techniques like gamification and simulation, ensures employees not only grow but excel. As the corporate landscape continually transforms, it's imperative for organisations to adapt and refine their strategies, ensuring their most invaluable assets - their employees - are well-equipped for the journey ahead.
MDA Training stands at the forefront of this evolution. With a proven track record in offering tailored training solutions, MDA ensures that the integration of gamification and simulation-based training is seamless, effective, and aligned with organisational goals. This isn’t just about training; it’s about crafting a future-ready workforce that embodies the company’s values, mission, and vision.
To truly understand the transformative power of these training methodologies, and to create a culture of continuous learning and growth, consider collaborating with MDA Training. Our team of expert trainers understands the intricacies of the employee lifecycle and is adept at crafting training programs that resonate, engage, and empower. Don't let your employees just be a part of the journey. Equip them to lead it. Get in touch with MDA Trainers today and pave the way for a brighter, more productive future.