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The New Corporate Learning Method to Attract Talent, Reduce Attrition and Empower Career Growth - Michelle Westfort, Chief University Officer at InStride
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With the pace of change in this new world of work, companies need to start rethinking outdated approaches to continuing education benefits and employee upskilling programs.
Traditional benefits like tuition reimbursement and assistance just won't cut it. InStride is disrupting that model. Their unique approach to lifelong learning is helping companies see:
- 226% ROI over three years for every dollar invested
- 92% annual retention (vs. 63% of employees that don't participate)
- 3x promotion rate for participating employees
InStride's approach empowers companies to provide career-aligned, debt-free education to their employees. It's not just about earning a degree; it's about helping employees see the trajectory their career could take, then giving them the educational tools to move toward that end goal.
In this episode, hear about why this unique approach to lifelong learning can attract better talent, create stickier employees, and help individuals reach their career potential.
3 Big Takeaways from this episode:
- This new model solves 3 fundamental challenges to continuing education: 1) Access to affordable post-secondary education for learners (the huge college debt problem); 2) External L&D and tuition reimbursement isn't delivering the exact skills companies need for their specific processes; 3) There's an underdeveloped market for working adults that companies and universities can take advantage of.
- Want stickier employees? Give them a vision for where their career could go, then equip them with the education to get there: Don't just give employees skills for their current or next job. Give them a picture of what their career trajectory could be with your company. Seeing the pathway laid out for them, and knowing the education is accessible, will build a loyal and dedicated workforce.
- Magna and Piston Group have seen great success with this new model: Hear how Magna and Piston Group are leveraging InStride's platform for their employees, seeing reduced attrition rates and even looking to expand their programs.
Resources mentioned in this episode:
Learn more about InStride: www.instride.com
Connect with InStride:
YouTube | LinkedIn | Twitter | Instagram
Episode page: https://techedpodcast.com/instride/
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