Published on March 18, 2014
Learning: The New Employee Benefit Udemy Webinar Series
AGENDA • Introduction • Total rewards to attract and retain the top candidates • A look at employee engagement trends • The future of learning in the workplace • Q&A
2MILLION students 13THOUSAND published courses 7 THOUSAND published instructors 200+ countries MEET UDEMY
MEET PAT Pat Schoof Former HR Executive at Salesforce and Shutterfly
Total rewards to attract and retain the top candidates
What are “total rewards?”
Life insurance Health insurance 401k Flextime Onsite fitness Educational assistance Business travel Telecommuting Legal counseling Catered meals Job sharing College scholarships Home computer Child care assistance Team building events Work at home Free snacks Massages Formal training program Dry cleaning
50% of candidates report using Glassdoor in their job search Source: Software Advice
A good rating of a company’s compensation and benefits is the most important factor Source: Software Advice
A look at employee engagement trends
What defines an “engaged employee?”
Only 30% of workers are engaged Source: Gallup
52% of workers are disengaged 18% of workers are actively disengaged Source: Gallup
Engagement vastly affects company costs • Disengaged workers cost the U.S. $450 billion to $550 billion per year Managers play a critical role • Managers who focus on their employees’ strengths can practically eliminate active disengagement and double the average of U.S. workers who are engaged nationwide Different workers require different engagement strategies •Generations at beginning and end of their careers need to be more engaged than those in the middle •Millennials most likely to leave jobs within first 12 months •Women have slightly higher overall engagement than menSource: Gallup
When employees are engaged, they are more likely to maintain strong work performance When employees are not engaged, they are more likely to steal from their companies, negatively influence coworkers, file stress claims, miss workdays and drive customers away Source: Gallup
How can you improve employee engagement?
The future of learning in the workplace
How has training traditionally been applied in the workplace?
• $164 billion spent on learning in 2013 • On average, $1,195 is spent per learner each year • 44% of workers seek cross-training to develop skills not directly related to their role 1 Source: ASTD 2 Source: Bersin 3 Source: SHRM TRENDS
Source: Chris Farrell, Our (work) Education Crisis: Send in the MOOCs, Bloomberg BusinessWeek. http://www.businessweek.com/articles/2012-09-17/our-work-education-crisis-send-in-the-moocs. Eduardo Porter, Stubborn Skills Gap in America’s Workforce, New York Times. http://www.nytimes.com/2013/10/09/business/economy/stubborn-skills-gap-in-americas-work-force.html?_r=0. CURRENT WORKFORCE OUTLOOK
HOW LEARNERS HAVE EVOLVED
Fortune 500 companies now use some form of educational technology to instruct employees 41.7% Savings compared with instructor-based training 50% Productivity boost potential for companies who use eLearning 50% COMPANIES ARE MOVING ONLINE Source: eLearning Industry
more likely to be the leader in their industry 46%Companies that have a strong learning culture do better in their market than those who do not increase in their ability to respond to the needs of the customer % more likely to become the market share leader % 34 17 Source: eLearning Industry
How can your company become one of the best places to work? Source: eLearning Industry
Employee benefits are no longer limited to health insurance. Offer unique benefits that will set your workplace apart to attract and retain the top candidates. TAKEAWAY #1
Demonstrate appreciation and commit to open communication to ensure employee engagement. TAKEAWAY #2
Invest in continuous learning and development for your employees to help them keep their skills up-to-date and contribute to their personal fulfillment. TAKEAWAY #3
Continued learning for self and family Onboard New Employees Workplace & On- the-Job Training Self-directed Development HOW UDEMY CAN HELP YOU
CONTACT UDEMY FOR ORGANIZATIONS ORGANIZATIONS@UDEMY.COM
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