The Corporate Storyteller
Expert tips on management communications and the power of storytelling
Thursday, July 28, 2011
Learning Fosters Psychological Health & Retention
According to an article in Chief Learning Officer magazine, organizations that offer opportunities for growth and development not only enable employees to acquire knowledge, skills and abilities to apply in the workplace, but also can increase motivation, job satisfaction and the ability to manage stress. The artile reports on findings from an American Psychological Association (APA) study that found workplace training "improves organizational effectiveness [and] work quality, and the organization also can be positioned as an employer of choice" with very low turnover.
David Ballard, head of APA's Psychologically Healthy Workplace Program, says providing work-based learning "can attract and retain the best employees and that's what it takes to have a competitive advantage today." The findings are based on a survey of companies that researched employee involvement, health and safety, work-life balance, employee recognition and employee growth and develop. Among the eight recipients of APA's Psychologically Healthy Workplace Awards (PHWA), only six percent of employees organizations were looking for employment outside their companies. Among all the organizations studied, more than five times as many employees were looking for work elsewhere.
Here's what Ballad says it takes to provide a healthy work environment: 1) assessing what employees need and want, 2) tailoring practices to meet those needs, 3) tying compensation to company goals, and 4) evaluating results and feedback from employees to improve learning.
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