The Importance of Employee Training and Development
In the context of the Great Resignation, organisations must prioritise enabling employees’ personal success through career development: and here’s why.
Your Company’s Biggest Asset
Employees are a company’s biggest asset and investing in talent is vital to sustainable business growth and success.
As an employer, you go through a lengthy process to recruit and hire qualified and suitable employees, but often the emphasis on caring about employees does not continue once they have passed their probationary period. It’s all too easy for management to focus on the day-to-day grind, and as long as the employee keeps turning up, we are happy - but are they?
Most employees want to see that management values them and supports them to grow their skills, by offering them appropriate learning and development opportunities.
Benefits of Employee Training and Development
Investing in your staff’s professional development, both formal and informal, is vital for team retention - to the point that 94% of employees would stay at a company longer if it invested in their career development.
Replacing talent can cost more than retaining the employees you currently have. The top benefit of providing your staff with training and development is to shape a more efficient, competitive, and engaged workforce.
Here are just some of the benefits of employee training and development:
Better employee retention;
Raising up future leaders;
Employee empowerment;
Increasing workplace engagement;
Developing soft skills in employees.
By providing your employees with the opportunity to learn, you are helping to expand the knowledge base of all employees. The employee who receives training is better equipped to do their job, and their confidence grows as as they have a greater understanding of their responsibilities within their role,.
It also gives management a chance to address an employee's weaknesses in their workplace skills. Offering training to your employees means that they can nurture their natural abilities and gain more control over their career progression within the company.
The importance of training employees cannot be overstated. Training helps equip your employees with the skills they need to do their jobs effectively. Training your employees gives you the opportunity to improve the quality of their work, and boost productivity across your organisation.
Build the Long Term Success of Your Company
It also has a positive impact on company culture. Effective employee training can improve loyalty, satisfaction, and commitment to your organisation. Management training for instance, teaches essential leadership skills, setting standards for your organisation that have a trickle-down effect to the rest of your employees.
Only skilled employees and great leadership can drive an organisation to success. So, building and retaining such skills are vital to any business that seeks long-term accomplishment.
Efficiency and competency in your company are best achieved through ongoing training and development of employees, which requires careful planning and implementation.
Investing in training and development helps your employees to acquire new skills, sharpen existing ones, perform better, increase productivity and be better employees and leaders. Since a company is the sum total of what employees achieve individually, organisations should do everything in their power to ensure that employees perform at their peak!
If your organisation understands the importance of employee training and development, and is ready to establish a program designed specifically to meet your business objectives and long-term goals, the team at MJSP Management Consulting is here to help. This is just one of the HR consulting services we can provide - to find out more, contact us today.