Training is essential to the success of a business.
The greatest benefit in skilling your employees is a greater sense of self-confidence. As we evolve from the Information Age(IQ), and head into the Emotional Intelligence Age(EQ). More and more companies are realising that they can develop the potential of any employee.
The world is constantly changing and upgrading information consequently in order for a company to survive, it has to adapt to the constantly changing background.
The benefits of investing in your employees include:
- Employees with access to training and development programs have the advantage over employees in other companies who are left to seek out training opportunities on their own.
- Employees who feel appreciated and challenged through training opportunities feel more satisfaction toward their jobs.
- The investment in training that a company makes shows the employees they are valued.
- The training creates a supportive workplace.
- Employees may gain access to training they wouldn’t have otherwise known about or sought out themselves.
According to the Dale Carnegie foundation, Improving employee skills is not only about improving skills related to their specific field, but also improving skills related to the interpersonal and communication. These abilities are constantly developing and are perhaps more important than field related abilities.
Regardless of whether an employee has good technical skills, an excellent communicator with fantastic people skills is an asset to any company. Largely because these kinds of employees tend to fit better with a company and invite more longer lasting relationships with clients.
Most employees have some weaknesses in their workplace skills. A training program allows you to strengthen the skills that each employee needs to improve.
Not only does corporate training programmes benefit the employee, but this and many other studies show that the advantages of a happy company are –
- Higher productivity
- Higher quality
- Lower absenteeism
- Less stress and burnout
- Attract the best people
- Higher sales
- Higher customer satisfaction
- Higher employee retention rates
According to HR expert David Maister, “Companies that enhance employee satisfaction by 20% can improve financial performance by 42%.”
When you consider this stat, it becomes hard to believe that some companies still do not have training programmes in place for their employees. If you believe employee satisfaction is overrated, perhaps all you need to do is check your own company’s staff turnover rate and perhaps that may influence your thoughts otherwise.
Employee training is no longer a nice-to-have but a necessity for your company’s success as well as your employee’s personal success.
On a final note, investing in your staff’s success does not only improve their lives but contributes hugely to the company’s success and the lives of all those people whom they work with.