Companies who invest more in training employees, value their employees more. That’s according to recent research that found pre-pandemic investments in employee training resulted in fewer lay offs during the pandemic.
“Importantly, these findings provide evidence that the same investments that firms make to support the development of employees’ human capital in normal times also offer a buffer to employees’ job security in the face of financial precarity,” wrote the co-authors of Investing for Keeps: Firms’ Pre-Pandemic Investments in Human Capital Decreased Workforce Reductions Associated With COVID-19 Financial Pressures, Rebecca Kehoe, Scott Bentley and Hyesook Chung.
