Could employee benefits such as language tuition help stem the Great Resignation 2.0?

It was predicted that up to one fifth of the UK workforce would look for a new job in 2023. In fact, recent research commissioned by Prezzee highlights that 24 per cent of SMEs in the UK have already lost undervalued talent in the last 6 months, and it’s not just about working from home.?

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The Great Resignation 2.0 is the after-effect of the original Covid-era phenomenon.?It’s hard to retain quality employees – and even harder to attract new ones. But what’s causing so many people to feel dissatisfied in their current role? Clearly a post-pandemic shift in working styles has contributed, along with an ageing population and generally challenging economic climate, but it operates on a deeper, more personal level too.??

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One of the top reasons cited for starting a job search, is a quest for more meaningful training and development opportunities, underlining our desire for professional growth and a chance to learn new skills. Feeling undervalued is causing employees to leave their current workplace in droves.?

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In a recent study, a staggering 94% of respondents said they would stay at their company longer if their employer invested in their career. It stands to reason that when employees feel their growth is being prioritised and are offered opportunities for upskilling, they are more engaged at work and more likely to stay in their job.?

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Recognising this trend, many organisations are working hard to adopt a skills-based culture – where candidates are valued as much for their skillset as previous experience – to help them navigate current workforce dilemmas. Developing a meaningful development programme to upskill employees, while being agile enough to adapt to changing demands, opens up new pathways for growth internally. It starts to embed a culture of learning, and is a clear indicator to future workers that you’re invested in their career.?

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The World Economic Forum estimates that more than half of all employees around the world need to upskill or reskill by 2025 to embrace the changing nature of jobs. With the UK’s skills shortage likely to persist in the medium term, it has become a key priority for forward-thinking HR teams to look for innovative ways to attract quality talent and give employees a reason to stay. This is not a case of offering a one-size-fits-all workshop on leadership or presentation skills. 91% of employees want personalised, relevant training, which helps them perform better in their role and is meaningful for their future progression too. This is leading more companies to incentivise new and current employees by offering tailored learning opportunities, including language tuition. We’ve noticed this trend at Corinium in recent months, and are talking to an increasing number of companies about language training as a valued employee benefit.?

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The best news for businesses is that investing in your employees’ skillset creates not only a more talented workforce, but a more motivated one too: A team that is likely to stay for longer, be more productive, and feel motivated to do a good job. As your retention levels improve, you can feel confident about continually developing your teams without losing any investments you’ve made training them.

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If prioritising your people’s development is an important part of your culture, and you’re looking to increase their overall skillset, tailored language tuition is an excellent option. We’ve put together a list of 5 of the top reasons why offering language training is one of the best decisions you can make, and if you’d like to talk to our team about offering this as part of your development scheme, please do get in touch!