Why professional development is the best investment to make before June 30

Four dice transforming from 2023 to 2024.

With the end of financial year fast approaching, many businesses scramble to spend what’s left of their annual budgets, fearing that if they don’t “use it” they’ll “lose it”. 

While there are fantastic incentives and offers worth taking advantage of at this time of year, there’s one investment that’ll keep giving beyond June 30: learning opportunities for you or your team (or both!) 

The long-lasting benefits of investing in professional development are well documented these days – from increased job satisfaction and loyalty, to better retention rates, just to name a few.  

Now is the time to make the most of the remaining funds in your learning and development kitty. Investing in Professional and Continuing Education (PACE) at the University of Adelaide before June 30 offers advantages for organisations and individuals alike — here’s why.

1. Stretch your budget further

Enrolling your team into one of our comprehensive suite of short courses — which can be customised to suit your unique business challenges — allows you to upskill your whole team while stretching your budget further. 

Thanks to discounts on group bookings before the end of financial year, now is the time to capitalise on learning opportunities for your team, including one of our most popular courses, ‘Lean Six Sigma - Yellow Belt (Advanced)’.

‘Lean’ and ‘Six Sigma’ are the two pre-eminent business excellence and improvement methodologies currently used by leading organisations across a range of industries, and will equip your team to drive organisational transformation and respond to threats and opportunities in the new financial year. 

2. Improve staff retention in the new financial year

If you’re finding it hard to fill job vacancies at the moment, you’re not alone. According to LinkedIn, 93 per cent of organisations cite employee retention as a key concern in 2023 as they grapple with a tight labour market – only set to continue in the 2023-24 financial year.  

The social media platform’s Australia & New Zealand 2023 Workplace Learning Report also found that 81 per cent of employers agree it's less expensive to reskill a current employee, than hire a new one.

The end of financial year provides an opportunity to turn this challenge on its head by focusing on staff retention instead – with training and development being a key way to improve retention rates across the board. 

As Genine Wilson writes for Forbes, “at a time when employee mobility is at a record high, employers must rethink their training programs so employees feel valued and are motivated to stay and advance in the organisation because they can see the internal growth opportunities.” 

3. Achieve your career goals

Embrace the beginning of a new financial year and set yourself up for success with fresh ideas, knowledge and motivation to achieve your career goals. 

Whether you need to fill a skills gap in your team, or you want to take the next step in your career, our quality short coursesexecutive education programsmicro-credentials and customised learning solutions are an essential addition to your professional development plan.

If you want to enhance your leadership and general management skills in the new financial year, the dynamic Professional Management Program from PACE will allow you to develop and broaden your core management capabilities, while offering a pathway opportunity to the Adelaide University’s MBA. Plus, with a flexible intake, you can pay before June 30 and commence in September.

End this financial year on a high and set your team, or yourself, up for success in the new year with Professional and Continuing Education at the University of Adelaide’s high quality and focused executive education programsshort coursesmicro-credentials and customised learning solutions

To book, request more information, or to find out how we can partner with you to develop custom education solutions for your organisation, contact our team today.

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