Benefits of Employee Training and Development to Company Growth
“There is only one thing worse than training employees and losing them, and that’s not training them and keeping them.” – Zig Ziglar.
Employers understandably want the best team around them, therefore, when they hire employees, certain character traits and skills are looked out for. Career progression however, should not end with a job offer. Most people have the desire to climb the ladder, and employers stand to benefit a whole lot from providing training for their workforce in many ways.
Employees play a vital role in the success of every company, thus making employee training and career development an integral part of recruiting and maintaining talent. Unfortunately, companies today often ignore the importance of employee training, which affects employee productivity, happiness, and loyalty.
The following are the reasons why employee training and development are crucial to the growth of a company.
The success of a business is often heavily reliant on the efficiency and productivity of the work force available. If everybody is working to capacity and giving maximum effort, more will be achieved within a shorter period of time. Providing training for employees will increase their productivity, as staff members will be able to complete tasks with greater ease and more employees will have the skills and experience they need to do specific jobs. In our rapidly technology-evolving society for instance, productivity is not only dependent on employees, but also on the technology they use. Training and development goes a long way in keeping employees up-to-date with new technology, thereby, getting things done efficiently and in the most productive way.
A company that invests in training and development generally tends to have satisfied employees. However, the exercise has to be relevant to the employees and one from which they can learn and take back something. It will be futile if training and development become tedious and dull, and employees attend it merely because they have to.
When it comes to increasing sales, morale is one of the surest ways to ensure that you get the best out of your employees. By enrolling staff members in training programs, you not only empower your employees, but you also show them that they are of real value to you enough to invest in them.
Boosting morale improves productivity and learning new things can also increase confidence and motivation. With newly acquired skills, employees can tackle a wider range of tasks, which keeps the working day fresh and interesting. If employees do not feel that their employer takes enough interest in their development and there are limited chances to progress, this may cause them to look elsewhere. If there is a rival company offering a more attractive employee package and training incentives, it is likely that an employee will move on there, which can be harmful to a business.
Employees who have access to the necessary training required in order to help them do their jobs are unquestionably going to deliver a better performance than those who do not. Having training for even the most basic of tasks and other factors such as safety procedures can ensure that tasks at work are completed more thoroughly with less risk of anything going wrong. Training also gives employees more confidence in themselves as they are more equipped to do their job, which can often provide the extra push that many employees need in order to perform to the best of their abilities.
Training improves necessary skill set in employees and empowers them to address tasks independently. A well trained employee will therefore, be well acquainted with the job and hence, will need less supervision.
Employee training and development generally leads to improved profitability and more positive attitudes towards profit orientation as well as organizational development. There also becomes an understanding of organizational policies after training and development activities in the workplace, thereby developing leadership skills, motivation, loyalty, and other positive aspects which successful employees and managers usually display. Targeted courses will benefit both employer and employee, producing an efficient as well as skilled team.