This is the most powerful strategy for retaining staff. When employees feel that their personal and professional growth is valued, they are more likely to stay with the organization long-term.
DBS runs its own DBS Academy, which provides employees with various opportunities to acquire new skills, enhance existing ones, and progress in their careers. This created an environment where employees feel valued, supported, and empowered to grow in their roles. This results in high employee engagement, which is directly linked to improved retention.
Clear Career Pathways: L&D initiatives provide employees with the skills and knowledge they need to advance within the organization. When employees see opportunities for career progression, they are more likely to stay committed to the company.
Leadership Development Programs: Offer leadership and management training to help employees move into higher positions, fostering loyalty and a sense of purpose. L&D programs help employees gain new skills, which can open up new roles or promotions within the company. Providing opportunities for career advancement is a significant factor in retention because employees are more likely to stay if they see a future within the organization