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Performance Management Employee Experience Learning & Development

3 Reasons to Invest in Employee Development Software

November 21, 2024
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4 min read
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This post about employee development software was first published in February 2019 and updated with new information in November 2024.

Employee development was a hot topic in 2024, with 35% of employers increasing their focus on career well-being, and it continues to be top-of-mind in 2025. Brand-new skills gaps are emerging as our use of artificial intelligence (AI) increases, and continued learning is key for attracting and retaining top talent. It’s also essential for employee engagement — a metric that drives productivity and business growth. 

Fortunately, employees and job seekers are also interested in professional development. Statistics show that 86% of employees say they’d switch jobs for one that offered more learning opportunities. It’s also one of the most important factors for people aged 18-34 when considering a new role. 

But how does your organization ensure learning opportunities are accessible, consistent, and supported? Invest in employee development software like a learning management system (LMS) to execute the most effective development program possible. 

We put together some persuasive reasons why your organization should invest in software. Keep reading to learn how it can impact your organization.

💡Invest in employee development software to upskill your team and keep them engaged. 🚀

1. Attract and Retain Top Talent

How much does your company spend yearly on sourcing, hiring, and onboarding new talent? How much does it cost to replace employees when they leave? These figures can quickly add up — especially when you compare them to the relatively small $1,207 that companies typically spend each year on training per employee.

Employee turnover is expensive, particularly for technical and senior roles. Replacing team members could cost your organization:

  • One-half to two times the employee’s salary
  • $1,500 for hourly workers
  • 100-150% of salary for technical roles
  • Up to 213% of salary for C-suite roles

As we mentioned earlier, professional development is a powerful motivator, and a vast majority of your workforce would jump ship for more of it. But an even larger majority — 94% — say it would increase their company loyalty. It’s worth the investment, especially when you compare training costs and hiring costs.

When you support employee training programs and career paths with software, you’re better equipped to attract and retain candidates with the specific skills your company needs — and the drive to acquire more. Software enables your learning team, whether that’s HR or dedicated L&D professionals, to weave growth and development into the entire employee experience, starting with onboarding. At the same time, it gives your team insight into program effectiveness.

2. Ignite Employee Engagement

It’s long been established that employee engagement is the secret behind the most successful organizations. Engaged employees are happier, more motivated, and more productive, and they’re a considerable part of creating a positive workplace culture. But fostering engagement requires more than just good intentions. Your training and development program must be at the core of a long-term employee engagement strategy.

Investing in an LMS allows you to offer personalized, user-friendly learning experiences that not only increase job satisfaction but also add tangible value to the organization. Your employees get access to a variety of personalized online courses, training sessions, and learning materials. They can learn new skills on their own schedules and in the format that works best for their learning styles and choose from short, bite-sized lessons for quick skill-building or dive into in-depth courses.

💻 Give your employees the tools to thrive! 🌟 Find out why an LMS is essential for retention, engagement, and performance.

Best of all, managers can get more involved in employee development with an LMS, tracking their progress and offering feedback and encouragement. They can set and monitor goals, identify strengths and areas for improvement, and create unique career paths for their team members. These tools also make it easy to check in with employees throughout their learning journeys to give feedback and recognize their accomplishments. 

The result? Employees who feel supported, valued, and motivated to grow — and an organization that reaps the rewards of a fully engaged workforce. Employee development isn’t just a perk; it’s a proven driver of engagement, and an LMS is the tool to make it happen.

3. Improve Productivity and Performance

Employee development benefits individuals — and has a positive ripple effect that drives productivity and performance across the entire company. When you enable employees’ growth and development, they become better equipped to adapt to changes and tackle complex problems. That translates to higher-quality work, better collaboration, and stronger business outcomes. 

You can deliver training programs that are strategic and impactful when you invest in employee development software like an LMS. Its flexibility allows employees to access learning resources exactly when they need them. Whether that’s brushing up on technical skills for an upcoming project or mastering soft skills to improve teamwork, they’re in charge of their learning journeys. 

The benefits extend to performance reviews, too. Employees who regularly engage in professional development are more likely to achieve higher review scores — no surprise, with so many chances to improve their skills and grow their expertise. Insights from LMS reporting tools also inform more meaningful conversations about performance and career development between managers and employees.

When you encourage a culture of continuous learning, you drive accountability and encourage employees to take ownership of their growth. And as your employees grow and thrive, so does your company, staying competitive as the business landscape changes. 

L&D Software That’s Worth the Investment

It’s time to invest in a high-quality, effective learning platform to build a thriving, future-ready organization. Modern employee development software simplifies the process and ensures every team member can grow alongside your business.

Are you ready to unlock the full potential of your workforce? Learn more about what you can do with a Talent Management System equipped with an LMS — explore ClearCompany Learning, powered by Brainier.

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