In order to retain quality workers, companies should create a career path development plan for employees, one that requires commitment from the employee and employer, according to Mary Jawgiel, program director, Industrial Careers Pathway, in The New Realities of Training.

“Make it known to the employee when they come on board that they are important and that you are going to help them move up within your organization,” Jawgiel says. “It’s a two-way street."

An employee who feels valued will feel like a bigger part of a company. Employees whose development is emphasized will also be more inclined to stay for the long-haul. Providing a development plan lets them know that you're invested in their long-term success.

“It’s not your grandfather’s workforce anymore,” Jawgiel says. “You don’t stay in one place because you’re getting a paycheck. Millennials want more. They want to feel valued, they want to feel like they’re contributing.”

Read more about the benefits of a well-trained workforce in The New Realities of Training.