Importance of Training and Development for Employees
Employee training and development programs are essential to the success of businesses worldwide. Not only do these programs offer opportunities for staff to improve their skills, but also for employers to enhance employee productivity and improve company culture.
They also can reduce employee turnover — and a 2020 Work Institute study shows just how important that can be for a company’s bottom line. Voluntary employee turnover, according to the report, costs U.S. businesses more than $630 billion annually.
It’s no surprise that employees who get regular opportunities to learn, develop, and advance are more likely to stay with a company. Bob Nelson, author of 1,001 Ways to Engage Employees, reports that learning and development are among the top factors in employee engagement.
Addressing Employee Weaknesses
Most employees have some weaknesses in their workplace skills. A training program allows you to strengthen those skills that each employee needs to improve. A development program brings all employees to a higher level so they all have similar skills and knowledge. This helps reduce any weak links within the company who rely heavily on others to complete basic work tasks.
Providing the necessary training creates an overall knowledgeable staff with employees who can take over for one another as needed, work on teams or work independently without constant help and supervision from others.
The benefits of upskilling or reskilling your team
A changing world means that professional development will need to be constantly pursued and prioritized. Employers play an important role in supporting the acquisition of those skills. In fact, 54 percent of respondents from GetSmarter’s ‘The Future of Work Is Here’ report agree that upskilling or reskilling is the joint responsibility of the business and the employee.3
Here are four reasons why employee training and development is important:
1. Positive employee retention
The hiring and retention of talent can be an ongoing challenge for employers, however one way to retain your staff is by providing them with career development opportunities. Including development program offerings in employment contracts establishes an employee’s sense of value within the company, fostering loyalty and ultimately increasing staff retention. Investing in your staff’s professional development is not only vital for team retention, but learning and development professionals worldwide have reported that they’re observing a stronger appetite for upskilling than ever before.4
More than half the professionals surveyed by GetSmarter in 2020 say they’re either somewhat likely or very likely to change jobs in the next 12 months. Even more notable is that 51% claim they may change job functions or business areas entirely.5
2. Training future leaders
Acquiring leadership talent can start from the initial acquisition, or human resources professionals can select current employees as managerial candidates. Having established leadership development programs ensures that a business is always considering future organizational goals and succession planning by preparing promotable talent.
3. Employee empowerment
Recent research shows that leaders who inspire, ignite people’s imaginations, and mobilize them with a compelling vision are more impactful than managers who simply focus on the bottom line.6
4. Increased workplace engagement
Regular development initiatives can help keep employees motivated, while frequent training programs will also establish regular re-evaluation of employees, skills, and processes. Assessing the current skills and abilities within a team will enable managers to strategically plan targeted development programs that consider any potential skills gaps.
The Importance of Training
What is the importance of training in the workplace? Better training leads to better processes and Better Work. In today’s ever-changing marketplace, the importance of job training has never been greater. Workforce training is an indispensable way to keep your organization competitive. Employees are human, most will have weaknesses or gaps in their professional skills. Furthermore, most professional people are specialists of one kind or another. Much of what goes on in your organization is likely to fall outside of the training each individual worker already has.
Having a high quality and comprehensive employee training development program enables you to strengthen the skills your workforce does possess as well as to build up knowledge where it is lacking. An employee training development program will bring all of your staff up to a higher standard of competency so that your entire team can share a common set of knowledge and skills. Such a program will repair any weak links that may exist in your organization and cause the workload to be more evenly spread among your workers.
It might be difficult to overstate the importance of ppt in your current training program, and employee development articles in educating your workforce. The importance of training ppt documents stems from their ability to be easily shared, incorporated into larger educational packages, and their tendency to convey critical lessons clearly and succinctly. But many firms make the mistake of simply mandating that their employees review such-and-such article, or attend so-and-so presentation rather than to incorporate these elements into a comprehensive training program. Unfortunately, organizations that make this mistake likely do not recognize the importance of employee training to an organization.
By providing ongoing workforce training, you will enable one employee to pick up where another left off, keeping them all on the same page without having to provide constant help and supervision. The importance of employee training to an organization should never be underestimated. And, ongoing training can be thought of as the best insurance policy against all sorts of the inevitable changes and the unforeseeable needs that will arise in your organization from time to time.