Investing in employee growth helps attract and retain high-quality financial team members. Growth opportunities strengthen internal and external candidate pipelines, help develop hard and soft skills, and support professional advancement.
Showing the company values growth enhances finance employee engagement and productivity. Preparing for advancement supports employee loyalty and business growth.
Learn how investing in employee growth benefits financial teams
Greater Financial Employee Attraction
According to The University of Phoenix Career Optimism Index 2024, employees desire growth opportunities to stay competitive:
- 74% of respondents expressed a need to continue learning new skills to stay ahead in their career
- 66% desired skill development to stay ahead professionally
- 65% reported considering a company’s investment in employee upskilling and reskilling when considering new job opportunities
These results show the importance of investing in financial employee growth to increase referrals and attraction rates.
Stronger Financial Employee Engagement
Investing in financial employee growth generates excitement about learning and development. Finance teams can form greater connections by practicing new skills together. Increased collaboration strengthens employee engagement, productivity, and longevity.
Internal Pipeline Development
Financial employee growth opportunities create pathways for internal advancement. Creating an internal pipeline helps provide qualified candidates for financial teams.
Internal promotions reduce hiring, onboarding, and training costs. The employee understands the organization, fits the culture, and has the skills and resources to handle the responsibilities.
Increased Financial Employee Retention
The Career Optimism Index highlighted strong employee satisfaction in company-sponsored growth opportunities:
- 82% of respondents were satisfied with internal mobility opportunities
- 86% were pleased with manager conversations about their career path
- 88% were happy with their visibility from upper management
These results show that providing clear, personalized financial employee growth opportunities supports internal advancement and retention rates.
Strong Return on Investment
LinkedIn’s Workforce Learning Report 2024 found that 90% of employer respondents concerned about employee turnover provided learning opportunities to increase retention rates. Learning and development opportunities led to ongoing innovation, encouraging employees to stay longer and support business growth. Because of the strong ROI, 90% of executive respondents planned to maintain or increase investment in upskilling and reskilling the following year.
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