Ever heard the old saying, “You get out what you put into it?” This means that nothing worthwhile comes to you quickly or easily. While this may be true about personal goals, it most certainly true when it comes to investing in the further education and skill building for your employees. Let’s take a closer look at the many benefits of training your employees for your business.
What is Employee Development or Training?
Employee training is something that has been used across industries in order to allow for the acquisition of specific skills or knowledge with the goal of improving performance. For some industries it can assist with encouraging innovation, while in other industries it can help with customer service, computer security, or any number of aspects of the day-today job requirements.
Given the ultimate goal that employees will learn a new skill or fine tune a skill that they already have, it is no wonder that the biggest benefit of training is that employees do, in fact, get better at their jobs. This increase in performance is good for not just the employee, but for the company as a whole.
This improved performance caused by training can in turn cause a cascade of positive results including: more confidence at completing a project, the ability to help teach others in the workplace, and a sense that they are being invested in which can lead to a higher employee retention rate.
Improved Workplace Satisfaction and Retention
Many times employees will not speak up if they feel they are weak in an area. By recognizing a weakness and addressing it by investing in the training and education of an employee, you will not only help strengthen your employee but improve morale and workplace satisfaction.
According to GetSmarter online, an employee business solution site, “More than 94% of employees would stay at a company longer if it invested in their career development.” This retention rate then benefits the company by reducing recruitment costs that can skyrocket when turnover rates are high.
Companies that provide employee education courses or on-the-job training will find that their workforce will be more innovative and have the knowledge to make advancements in your field. With each training, you will be building on knowledge that can help encourage advancements and innovation where before there was none.
While no company decides to regularly train its employees merely to enhance their reputation in their field, it is a side effect. When word gets out in the industry, either at networking events or industry conferences that you provide training and education for your employees, your company will be one that is talked about as investing in its employees and making positive changes.