With competition for top talent in the IT field being fiercer than ever, many companies are exploring new options to help with recruitment and retention. One such benefit involves paying for employees’ certifications.
While the benefit to workers is clear, as having a business cover the cost of any form of continuing education is seen as a boon, some organizations struggle to see the value it provides to them. However, paying for employee certifications can actually be a very smart move when handled wisely. Here’s what you need to know.
Fill Skill Gaps
Even in today’s tech-oriented world, it can be hard to find candidates who possess the skills you need to round out your team. And, with unemployment among IT professionals remaining well below the national average, it may only become more challenging.
Choosing to pay for employee certifications can ultimately help you overcome any existing skill gaps as you can sponsor the training of your top employees, giving you access to their new skills. Essentially, you can mold your current staff into an ideal team, covering all the competencies you need to move forward towards your goals. And, by selecting truly talented workers for the task, you can almost guarantee they’ll come back with the level of understanding you need.
Many businesses turn to traditional offerings, like raises, to keep talented employees on staff. While a larger paycheck is likely to have a positive impact on workers and may improve retention rates, the direct benefit to employers isn’t necessarily as high as with paying for certifications.
Most IT professionals see the value in additional certifications, as it can help them move forward in their career, and companies can benefit from their increased skill level, helping them achieve their goals as well. In some cases, offering certifications in lieu of salary increases can have a similar effect on retention, won’t necessarily cost more than a raise, and gives your company access to skills that may otherwise be unavailable.
Having an employer support professional growth can be seen as a substantial benefit for workers. Not only does it save them from having to pay out of pocket for additional training, but it also proves the company is invested in their forward progress and various personal goals.
In the end, this can lead to a happier workforce, increasing productivity and improving retention. In addition, employees who are satisfied with their employer are more likely to stay for the long haul, and may also share their appreciation with others, making recruitment efforts easier as well.
Offering to pay for employee certifications does require a strong plan, as you need to exude a level of control over which options are supported and who would qualify for such a program. However, by investing in this area and creating a strong guiding structure, your company has a lot to gain from the arrangement.
If you would like to learn more or are seeking an IT professional to join your team, the skilled staff at The Armada Group can help. Contact us today.