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“Employers no longer have the luxury of staying out of the education game. Train now—or pay later.”

John Schwarz, founder and CEO of Visier, urges employers across industries to invest in training – or retraining – their workforces to keep pace with the demands of the future. A 2018 report from LinkedIn shows that 94% of employees would stay at a company longer if it invested in their career. Additional studies reveal that retraining and reskilling employees is almost always cheaper than hiring new talent.

Visit Fast Company for more on the evolution and importance of workforce education.