Virtual learning has emerged as a cost-effective training, ongoing education and engagement tool for many businesses, limiting your need for printed materials, additional meetings and expensive onsite facilitators. It can also reduce a hidden budget drain and headache for business leaders: employee turnover.
With the cost of replacing a skilled employee reaching an estimated 1.5 to 2 times their annual salary, it’s no wonder this is a sore spot for businesses. Creating a readily accessible virtual learning system for your employees can prevent and counter those losses.
Below are three ways virtual learning systems help you retain employees while growing their skills and value to your organization over time:
Life was simple back in 2017 when you could walk into one of two Ricker’s convenience stores and order a burrito and beer. Eventually, the state cried “foul!” There was discussion about a “loop-hole” in the Indiana alcohol laws that Ricker’s had walked through.
How to solve this crisis? The answer from the General Assembly was to form a committee, and the Alcohol Code Revision Commission was born. Former State Senator Beverly Gard, appointed by Senate Pro Tem David Long, was named chair of the commission. Recently Speaker Brian Bosma replaced Gard with former State Representative Bill Davis. We hope that this change in leadership does not also signal a change in momentum for the commission.
“We can’t find enough qualified workers.” It’s a common grievance we hear from OneZone members — just ask any business owner or talent recruiter. Indeed, wooing top talent is getting harder and taking longer as market dynamics, worker behavior and expectations shift.
Gartner, a global research firm, reports vacant positions can cost employers $500 per day, on average. In a scenario where it takes 60 days to fill a position, that daily cost can snowball to $30,000 or more.
Wondering why it’s harder to score a sale and keep customers coming back for more these days? Buyer behavior has changed, and companies that fail to change with it will see their profits drop in the months and years ahead. On the plus side, upgrading your customers’ experience could amount to the most affordable and effective marketing you’ve ever done, helping you leapfrog competitors in 2018.
As a member-driven association representing more than 1200 businesses, organizations and entrepreneurs in Carmel and Fishers, OneZone is proud of Indiana’s strong rankings for business climate, tax policy and public-private partnership. Yet, our state is not competitive when it comes to the health of our workforce, and collectively, we are paying a hidden tax for our lack of focus. The Indiana House missed an opportunity to address this.
Last week, more than 95 Indiana business leaders hopped on planes to our nation’s capital and spent two days as part of the Indiana Chamber’s annual fly-in. We went to meet face-to-face with our federal representatives, to get a feel for the political climate in D.C. and to let them know firsthand the issues that concern you, our members, and our business community.
In preparation for the trip, OneZone conducted a survey – you may have answered it if you clicked the link in In the Zone – to find out what issues impact your business, what keeps you up at night. Based on the responses, I went ready to talk about healthcare, infrastructure and business taxation.