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November 21st, 2023 · 6 min read

Boost employee lifetime value with education

What is employee lifetime value?

employee lifetime value (ELTV)

5 ways workforce education boosts employee lifetime value

Stronger hires with shorter ramp times

  • Hiring costs before and after participating in a workforce education program
  • Length of recruiting cycle
  • Time-to-productivity

Boosts employee engagement

  • Employee Net Promoter Score (eNPS)
  • Employee satisfaction survey
  • Turnover rate

Effectively addresses skills gaps and job needs

  • Employee performance metrics
  • # of internally vs externally filled roles

Fuels internal mobility and develops a pipeline for leadership

  • Promotion rate of workforce education program participants vs general employee population
  • Employee output over the duration of the employee lifecycle
  • Recruiting costs

Improves employee retention

  • Average tenure of employees
  • Cost of turnover
  • Retention rate

ELTV: Shifting the curve up with workforce education

You can address talent development challenges