While few employers would argue against the idea that professional development is valuable, two concerns often rise to the surface when it comes time to invest in workforce training. 

“The gut reaction is ‘we can’t afford it’ or ‘we don’t have time; we need people to produce,’” said Gretchen Jameson, chief learningal officer at Kacmarcik Enterprises. 

Those reservations loom especially large for small to mid-sized businesses operating on a limited budget. But, in a tight labor market – in which workers recently cited a “lack of career development” as the leading reason for quitting in a 2022 McKinsey study – experts argue employers of all sizes can’t afford not to offer robust employee development opportunities. 

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