Training isn’t just important to any company, it is vital.
In the current business climate, employers are apprehensive about committing budget to training and development. In addition, employees attending training sessions also miss out on work time which hinders “business as usual”. However despite this, training and development provides both the individual and organisations with benefits that make the cost and time an incredible return on investment.
So, what are the benefits?
Improved employee performance – the employee who receives the necessary training is better able to perform in their job. Training gives the employee a greater understanding of their responsibilities within their role, which in turn will enhance their overall performance. This can only benefit the company.
Improved employee satisfaction and morale
The investment in training shows employees that they are valued. The training creates a supportive workplace. Employees who feel appreciated and challenged through training opportunities may feel more satisfaction toward their jobs.
Most employees will have some weaknesses in their workplace
skills. A training program allows you to strengthen those skills that employees need to improve. Providing the necessary training creates knowledgeable staff who can take over from one another as needed, work on teams or work independently without constant help and supervision from others.
Increased productivity and adherence to quality standards
Productivity usually increases when a company implements training courses. Increased efficiency in processes will ensure departmental success which in turn will improve the company turnover and potential market share.
Reduced employee turnover
Staff are more likely to feel valued if they are invested in and therefore, less likely to change employers. Training and development is seen as an
additional company benefit. Recruitment costs therefore go down due to staff retention.
Enhances company reputation and profile
Having a strong and successful training strategy helps to develop your employer brand and make your company a prime consideration for graduates and mid-career changes. Training also makes a company more
attractive to potential new recruits who seek to improve their skills and the opportunities associated with those new skills.
Training programs in both technical skills competency and personal skills development, such as emotional intelligence, are producing more productive, satisfied employees, creating new
highly effective teams.
It is precisely this current global situation that organisations should be developing their employees in preparation for the return to the “new normal”, in order to get out of the starting blocks faster.
The importance of training your employees – both new and experienced – really cannot be overemphasised