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Looking for the latest statistics and facts on the topic of employee training retention statistics?
My updated guide for 2024 has everything you need, and more.
Feel free to use the jump links below to go to the section that interests you the most.
Or use this jump link to quickly jump to the KEY STATS section.
Also, all the references and resources I used in crafting my guide are listed at the bottom of the page.
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Jump here: Key Employee Training Retention Statistics Facts and Trends for This Year| Employee Training Retention Statistics Facts and Trends for This Year (Detailed Info)
Table of Contents
Key Employee Training Retention Statistics Facts and Trends for This Year
Key Employee Training Retention Statistics Facts and Trends for 2024
- Employees forget 50% of the information presented in training within one hour. And up tp 70% of training content is forgotten just within 24 hours after a training session.
- Only 15% of employees apply skills from training programs to their job.
- Companies lose 13.5% of their employees every year due to lack of training opportunities. And 40% of employees who receive poor job training leave their positions within the first year. And yet employee training is very valuable to companies seeking growth. On average, companies offering comprehensive training programs have 218% higher income per employee.
- Effective training programs can increase employee retention rates by 30-50%.
- In a recent nation-wide survey 68% of workers say training and development is the most important company policy and 76% of them say they’re looking for career growth opportunities.
- For every dollar invested in training, companies receive $30 in productivity gains.
- 94% of employees would stay at a company longer if it invested in their learning and development.
- Retention rates rise 30-50% for companies with strong learning cultures.
- 74% of workers are willing to learn new skills or re-train to remain employable.
- On average, it takes 8 months for a newly hired employee to reach full productivity.
- 87% of millennials rate “professional or career growth and development opportunities” as important to them in a job.
- Companies that use e-learning tools and technologies for training have seen an increase in income by 42%.
- Only 12% of employees apply new skills learned in training to their jobs.
- Due to ineffective training businesses lose $13,500, on average, per employee each year.
- 72% of organizations believe that e-learning helps them increase their competitive edge by keeping up with changes in their particular market.
- Employees who feel they’re progressing in their careers are 20% more likely to still be working at their companies in one year’s time.
Employee Training Retention Statistics Facts and Trends for This Year (Detailed Info)
What Percentage Of Information Do Employees Forget Within One Hour After Training?
Employees forget 50% of the information presented in training within one hour. And up to 70% of training content is forgotten just within 24 hours after a training session.
And even when they don’t forget still just 15% of employees effectively apply their new skills in their work environment.
What Percentage Of Employees Do Companies Lose Annually Due To Lack Of Training Opportunities?
Companies lose 13.5% of their employees every year due to lack of training opportunities. Up to 40% of employees who receive poor job training leave their positions within the first year.
It pays to invest in quality training programs for employees. Effective training programs can increase employee retention rates by 30-50% on average.
What Percentage Of Workers Say Training And Development Is The Most Important Company Policy?
68% of workers say training and development is the most important company policy. And 76% of employees working for US companies said they’re looking for career growth opportunities, and lack of opportunity will cause them to quit quickly. 94% of employees would stay at a company longer if it invested in their learning and development.
How Much Higher Income Per Employee Do Companies With Comprehensive Training Programs Have?
Companies that offer comprehensive training programs have 218% higher income per employee. And for every dollar invested in training, companies receive $30 back in productivity gains.
On the flipside, businesses lose $13,500, on average, per employee each year due to ineffective training.
By How Much Do Retention Rates Rise For Companies With Strong Learning Cultures?
A recent study (I link to it in the footer) showed that retention rates rise 30-50% for companies with strong learning cultures. The same study showed 74% of workers are willing to learn new skills or re-train to remain employable.
Note: the same showed that, on average, it takes 8 months for a newly hired employee to reach full productivity.
What Percentage Of Millennials Rate “Professional Or Career Growth And Development Opportunities” As Important In A Job?
87% of millennials rate “professional or career growth and development opportunities” as important to them in a job.
By What Percentage Have Companies That Use E-Learning Tools And Technologies For Training Seen An Increase In Income?
Companies that use e-learning tools and technologies for training have seen an increase in income by 42%.
What Percentage Of Organizations Believe That E-Learning Helps Them Increase Their Competitive Edge?
72% of organizations believe that e-learning helps them increase their competitive edge by keeping up with changes in their particular market.
How Much More Likely Are Employees Who Feel They’re Progressing In Their Careers To Still Be Working At Their Companies In One Year’s Time?
Employees who feel they’re progressing in their careers are 20% more likely to still be working at their companies in one year’s time.
Employee Training Retention Statistics, Facts and Trends for 2024 (Conclusion)
My updated guide for 2024 lists the best and latest statistics facts and trends on the topic of employee training retention.
I hope you enjoyed it because the guide is now over.
During my research, I consulted these resources below:
References:
- Exploring the Relationship Between Employee Training Opportunities & Turnover Rates- https://www.award.co/blog/exploring-the-relationship-between-employee-training-opportunities-turnover-rates
- Employee Training Statistics, Trends, and Data in 2024- https://www.devlinpeck.com/content/employee-training-statistics
- Employee Training Statistics: The Value of Good Training- https://www.intellum.com/resources/blog/employee-training-statistics
- 3 Ways to Boost Retention Through Professional Development- https://hbr.org/2022/04/3-ways-to-boost-retention-through-professional-development
- 39 Statistics that Prove the Value of Employee Training- https://www.lorman.com/blog/post/39-statistics-that-prove-the-value-of-employee-training
- Mind-blowing Statistics that Prove the Value of Employee Training and Development- https://www.shiftelearning.com/blog/statistics-value-of-employee-training-and-development
- Employee Training Statistics: Cost of Progress in 2024- https://teamstage.io/training-statistics/
- 10 Facts & Stats About Learning Retention You’ll Want to Remember- https://www.getbridge.com/blog/learning-analytics/10-stats-about-learning-retention-youll-want-forget/
Nikola Roza
Nikola Roza is a blogger behind Nikola Roza- SEO for the Poor and Determined. He writes for bloggers who don't have huge marketing budget but still want to succeed. Nikola is passionate about precious metals IRAs and how to invest in gold and silver for a safer financial future. Learn about Nikola here.