1
High turnover rates in retail translate into... To meet customer needs and reach organizational goals (by ensuring they don’t lose more money than they have to), retail organizations need onboarding programs that are... However, to get a new employee to that level of proficiency takes focus and tons of resources, like... $ 19 BILLION IN COSTS Recruiting Hiring Training ...highly effective, engaging and flexible to decrease time to proficiency for new recruits and keep employees upskilled through product and service updates. The more effective employees are at relaying product features and benefits to clients while demonstrating the appropriate soft skills to build trust, the more effective they'll be in their roles, resulting in less turnover. ...but that doesn’t mean retail organizations get a pass on meeting the customers’ ever- changing, high expectations. >60% average rate of turnover in retail Investing in resources that increase engagement and solidify knowledge rapidly should be top of mind. 28 days to proficiency for all organizations. Time Multiple Delivery Modalities Effective organizations use a mixture of on and offline training delivery methods. On-the-job modalities were seen as the most effective delivery modalities. Online Videos E-learning Virtual classroom Offline Shadowing on the job Coaching or mentoring Experiential learning Ineffective Onboarding Programs Evaluating effectiveness Facilitating engagement Strategic alignment Budget resources Sustainment Leadership support An innovative learning platform is one of the keys to delivering effective onboarding. A learning platform can provide personalization at scale and deliver real, impactful results at the point of need. Capture Subject Matter Expert Best Practices Simple content creation and curation opportunities Effective onboarding should focus on all content areas: compliance is especially important for wholesalers and drug stores product knowledge is most important for apparel, houseware stores and consumer packaged goods Coaching sessions are the most engaging way to amplify training. Promote Social Interaction & Collaboration Enable knowledge sharing Best drivers of performance when using an online learning platform: When building an effective onboarding program, it’s important to consider many factors. Organizations effective at onboarding state the following as the most influential reasons for investing in virtual delivery methods: Provide Powerful Analytics Measure engagement and content effectiveness Go beyond basic reporting to... Understand knowledge gaps Improve employee engagement Maximize sustainment Manage retention rates Promote training efficacy 3 Tips to Deploy Effective Virtual Onboarding Improving employee engagement Improving consistency in the onboarding experience Personalizing learning content to each employee’s needs Measuring attentiveness and participation of learning leaders rated onboarding as almost always effective. 37 % Learning paths Videos Bite-sized learning Mobile learning Experiential learning wholesale and consumer goods rated it as slightly better those in entertainment rated it as slightly worse 67% 75% 66% 57% endorsed experiential learning as the most effective skill development tool within the learning platform. 33% Reach Retail Organizational Goals With Effective Onboarding Learn how D2L can help you achieve business objectives by turning your new hires into a competitive advantage for your organization. “We wanted to see mastery of content – more than just recall.” - Steven Turner, Walmart, on bite-sized learning “From Wikipedia-esque material, to social media, to YouTube™, we're incorporating multimedia into our platform so that our associates always have the right content at the right time.” - Steven Turner, Walmart, on bite-sized learning Effective Onboarding Programs Time Proficiency You will reach your retail organizational goals by leveraging effective onboarding and the right technology to minimize cost of turnover and amplify customer service. 28

average rate of turnover in retail 37 - Training Industry · Virtual classroom O˜line Shadowing on the job Coaching or mentoring Experiential learning Ine˜ective Onboarding Programs

  • Upload
    others

  • View
    1

  • Download
    0

Embed Size (px)

Citation preview

Page 1: average rate of turnover in retail 37 - Training Industry · Virtual classroom O˜line Shadowing on the job Coaching or mentoring Experiential learning Ine˜ective Onboarding Programs

High turnover rates in retail translate into... To meet customer needs and reach organizational goals(by ensuring they don’t lose more money than they have to),retail organizations need onboarding programs that are...

However, to get a new employee to that level of proficiency takes focus and tons of resources, like...

$19BILLIONIN COSTS

Recruiting

Hiring

Training

...highly e�ective, engaging and flexibleto decrease time to proficiency for new recruits and keep employees upskilled through product and service updates.

The more e�ective employees are at relaying product features and benefits to clients while demonstrating the appropriate soft skills to build trust, the more e�ective they'll be in their roles, resulting in less turnover.

...but that doesn’t mean retail organizationsget a pass on meeting the customers’ ever-changing, high expectations.

>60%average rateof turnover

in retail

Investing in resources that increase engagement and solidify knowledge rapidly should be top of mind.

28 daysto proficiencyfor all organizations.

Time Multiple Delivery ModalitiesE�ective organizations use a mixture of on and o�line training delivery methods.

On-the-job modalities were seen as the most e�ective delivery modalities.

Online

VideosE-learningVirtual classroom

O�line

Shadowing on the jobCoaching or mentoringExperiential learning

Ine�ective Onboarding Programs

Evaluating e�ectiveness Facilitating engagement Strategic alignment

Budget resources Sustainment Leadership support

An innovative learning platform is one of the keys to delivering e�ective onboarding.A learning platform can provide personalization at scale and deliver real, impactful results at the point of need.

Capture Subject Matter Expert Best PracticesSimple content creation and curation opportunities

E�ective onboarding should focus on all content areas: compliance is especially important for wholesalers

and drug stores product knowledge is most important for apparel,

houseware stores and consumer packaged goods

Coaching sessions are the most engaging wayto amplify training.

Promote Social Interaction & CollaborationEnable knowledge sharing

Best drivers of performance when using an online learning platform:

When building an e�ective onboarding program, it’s important to consider many factors. Organizations e�ectiveat onboarding state the following as the most influential reasons for investing in virtual delivery methods:

Provide Powerful AnalyticsMeasure engagement and content e�ectiveness

Go beyond basic reporting to... Understand knowledge gaps Improve employee engagement Maximize sustainment

Manage retention rates Promote training efficacy

3 Tips to Deploy E�ective Virtual Onboarding

Improving employee engagement

Improving consistency in the onboarding experience

Personalizing learning content to each employee’s needs

Measuring attentiveness and participation

of learning leaders ratedonboarding as almost

always e�ective.

37%

Learning paths

Videos

Bite-sizedlearning

Mobile learning

Experientiallearning

wholesale and consumer goods rated it as slightly better

those in entertainment ratedit as slightly worse

67% 75%

66% 57%

endorsed experiential learning as the most e�ective skill development tool withinthe learning platform.

33%

Reach Retail Organizational GoalsWith E�ective Onboarding

Learn how D2L can help you achieve business objectives by turning your new hires into a competitive advantage for your organization.

“We wanted tosee mastery of content – more than just recall.”

- Steven Turner, Walmart,on bite-sized learning

“From Wikipedia-esque material, to social media, to YouTube™, we're incorporating multimedia into our platform so that our associates always have the right contentat the right time.”

- Steven Turner, Walmart,on bite-sized learning

E�ective Onboarding Programs

Time Proficiency

You will reach your retail organizational goals by leveraging e�ective onboardingand the right technology to minimize cost of turnover and amplify customer service.

28