Regular training and learning opportunities are an investment that help employees to prosper and develop their careers while giving your business a highly skilled workforce and a competitive advantage in the market.
Staff Turnover and Recruitment
Studies of training across developed nations reveal that organisations with lower staff turnover spend the most on training and education.
Minimising staff turnover will benefit your organisation. Replacing staff is a costly process - skills are lost, resources are disrupted and recruiting new personnel takes time and money.
Staff who receive ongoing training are more likely to commit to their employers because:
- completion of the training develops their careers
- the training enables them to take on greater responsibility and higher paid work.
Measuring potential candidates against competencies delivered in your training programs also streamlines the recruitment process and reduces the induction period.
Increase Workforce Flexibility
Training increases the skill set of your workforce enabling it to engage in a wider range of tasks and responsibilities.
Greater confidence and motivation leads staff to become less reliant on management and supervision.
Training in skills specific to your industry does not necessarily limit the benefits of flexibility. Staff who receive such targeted training often achieve improvements in:
- communication skills
- creativity and innovation
The benefits of a trained workforce have been shown to flow through to customers who become more satisfied with the improved level of products and services.
Improved Staff Attitude and Morale
People enjoy learning when the material is relevant to their interests and many will be eager to apply their new skills and knowledge in practical situations. Staff who possess diverse skills are generally more satisfied and positive in their jobs. This decreases the occurrence of work-related stress and improves the overall work environment.
By investing in their training, staff often feel:
- their employer has confidence in them to do the job
- the business values them and is giving something back over and above wages
As a result, employees will become self-starters and develop further competencies such as leadership and teambuilding and be more willing to undertake further training.
Training is also a perfect opportunity for employers to get to know their staff better, and for staff to develop stronger working relationships.