Source | www.cnbc.com | Abigail Hess
In 2018, workers quit at the highest rates since 2001, and experts predict that the trend will continue into 2019. According to the most recent Job Openings and Labor Turnover Survey (JOLTS) from the Bureau of Labor Statistics (BLS), over 3.5 million Americans quit their jobs every month, about 2.3 percent of the labor force. Analysts pointed to sluggish wage growth and a tight labor market that’s encouraged workers looking for higher salaries to find new opportunities as the driving force behind this trend.
But according to LinkedIn’s 2019 Workforce Learning Report, 94 percent of employees say that they would stay at a company longer if it simply invested in helping them learn.
This interest in learning and development is particularly strong among younger workers. LinkedIn’s research found that roughly a quarter of Gen Z and Millennials say learning is the number one thing that makes them happy at work, and over a quarter (27 percent) of Gen Z and Millennials say the number one reason they’d leave their job is because they did not have the opportunity to learn and grow.
And there are signs that employers are beginning to catch on.
For years, American employers have complained that there weren’t enough workers with the skills they needed, a phenomenon often described as a skills gap. But at the same time, researchers argued that employers simply needed to invest in workforce training comparable to that of other industrialized economies.