Employee retention isn’t just an HR concern—it’s a bottom-line business issue. High staff turnover costs UK businesses millions every year, and yet too many employers are still approaching retention with short-term incentives rather than long-term investment.
The Reality of Employee Turnover
Recent statistics paint a stark picture:
✅ The average employee turnover rate for UK workers is currently 35%.
✅ The cost of turnover per employee earning £25,000 or more is £30,614 (Oxford Economics).
✅ Research from Centric HR shows that replacing an employee costs 6-9 months’ salary, factoring in recruitment, onboarding, and training.
✅ UK employers collectively invest £42 billion in employee training annually, averaging £1,530 per employee (Department for Education UK).
With figures like these, it’s clear that the cost of losing talent is far greater than the cost of keeping it.
The Mistake Businesses Keep Making
Too often, companies try to ‘fix’ retention with surface-level perks:
❌ Duvet days
❌ Pizza Fridays
❌ A ping-pong table in the break room
While these may boost morale momentarily, they don’t address the core reasons why people leave. The real drivers of retention are career development, skills investment, and growth opportunities.
Why Career Development is the Game Changer
According to LinkedIn’s latest Workplace Learning Report, organisations that champion career development outperform their peers in key business areas, including profitability and retention. Even more striking, these organisations are 42% more likely to be frontrunners in adopting Generative AI (GAI) technologies—a direct link between career investment and future readiness.
Investing in Retention: A Smarter Approach
Instead of continuously pouring money into recruitment, why not invest in keeping and developing the talent you already have? One powerful way to do this is LinkedIn Learning, which offers:
✅ Unlimited access to 21,000+ expert-led courses
✅ Personalised learning paths tailored to employee goals
✅ Real-time insights on skill development and organisational gaps
✅ Seamless integrations with LXP & LMS platforms for a smooth learning experience
✅ Career pathing to help employees grow within your business
Ready to Take Action?
If you’re serious about retaining your best employees, it’s time to go beyond gimmicks and start investing in their future. Artfully can help you create a tailored LinkedIn Learning package that aligns with your business goals and workforce needs.
📩 Get in touch with Artfully today to discover how we can support and facilitate the right LinkedIn Learning solution for your team. Let’s build a workforce that stays, thrives, and drives your business forward. 🚀
