More than four in ten Canadian employers do not support the cost of continuing training for their employees. This is what a recent study by Robert Half Finance and Accounting found, conducted with 270 Financial Officers of companies with more than 20 employees.
To the question, “Does your company reimburse its employees for the training credits necessary to retain their professional certification?”, 41% of those surveyed responded that a full refund was made, 14% that they provided a partial refund and 42% did not provide any. Continuing education is not automatically considered by companies as an essential element for their functioning. However, it is become more and more so in a competitive economic context, according to Robert Half Finance and Accounting.
Continuing training: an asset for companies and employees
Companies that implement a strategy for retaining employees no longer rely solely on wage increases or career progression to attract and retain them. The two advantages that they offer the most to reconcile satisfaction and balance between professional and private lives are flexible schedules or telecommuting (45% of them) and subsidized training (45%).
In this sense, the firm emphasizes that education helps employees identify a career path and pursue opportunities for internal development. The companies are involved in creating a more skilled workforce, improving skills and qualifications, and thereby are able to stay abreast of the most recent trends in the sector.