Warning: Your employer might charge you for training if you leave

by | Nov 8, 2022 | Technology

While there are many reasons employees stay in their current role, in research conducted by TalentLMS and the Society for Human Resources Management (SHRM), 76% of respondents agree that they are more likely to stay with a company that offers continuous training.

And according to online learning platform Udemy’s 2022 Workplace Learning Trends Report, employers are investing in their employees through career development and learning opportunities to keep them engaged in their current roles, encourage staff retention and ultimately, grow revenue.

Statista has identified that corporate training expenditure in the U.S. increased by almost $10 billion in 2021. The average training budget for large companies in 2021 was $17.5 million, while midsize companies allocated an average of $1.3 million, and small companies dedicated an average of $341,505.

Broken down, this equates to $1,433 per learner on training in small companies with a workforce of 100 to 999 employees, $902 per learner in midsize companies with 1,000 to 9,999 employees and $722 per learner in large companies with staff numbers exceeding 10,000.

Training is beneficial

While it’s difficult to quantify the exact amount an investment in learning and development can yield –there’s the cost of the training itself and the time spent away from your desk coupled with the value your training could add to the company’s future revenue — Udemy also found that 85% of HR leaders find training beneficial for organizational growth.

So are employers entitled to recoup whatever losses they incur if an employee that has received training leaves?

According to research by the Center for American Progress, replacing a highly trained employee can cost 200% of that employee’s annual salary. And …

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