Employees are a vital part of your organization, and their success is your success. The way you train your employees, therefore, is an indicator of the kind of quality, culture, and mindset that you bring to the table. Is your organization innovative and supportive of employee development? If so, you should be offering regular, quality training that grows and advances your employees’ knowledge and skills.
An investment in quality training for employees manifests tenfold in employee satisfaction, capability, and overall organizational morale. Recognizing the value in training employees and investing in such programs helps to form confident, highly-productive employees that want to stick around.
Conversely, companies that lack quality training for their employees often experience problems like high turnover rates, employee disengagement, and lower productivity. The statistics speak for themselves:
- Linkedin’s 2021 Workplace Learning Report documented that 94% of employees stated they would stay with a company longer if there was an investment in training and learning opportunities.
- According to Business Training Experts, companies with comprehensive training programs have 218% higher income per employee compared to companies with no training program.
- Employees who receive poor or little training in their job leave their role within the first year of employment, go2HR reported.
- According to research conducted by Middlesex University for Work Based Learning, out of 4,300 employees sampled, 74% reported that they felt they were not attaining their full potential in their jobs due to lack of development opportunities.
- Dale Carnegie reported that companies with engaged employees outperform those without engaged employees by 202%.
Training for employees improves the overall skills and capabilities of an organization while also yielding happier and more well-rounded employees. Below are three benefits that come with promoting the value of employee training.
It is difficult to spin your wheels in a role without ever really feeling like you have a firm grasp on what it is you were hired to do. Not to mention, less confident employees tend to underperform. This lack of confidence often manifests in unsatisfied employees, ultimately producing high turnover rates.
Frequent turnover is costly and disruptive to an organization’s workflow. But providing opportunities for training will equip employees with the confidence to complete their work and motivate them to excel.
Clearly Defines Responsibilities
Access to thorough training resources translates to well-defined parameters of job responsibilities. With these clear expectations, employees will be able to move forward in their roles, accomplishing their work in full and in a timely manner. And a team that understands their own responsibilities also avoids redundancies in workflows, preventing misuse of company time and resources.
Helps Identify Weaknesses
One of the jobs of quality training is to identify areas for employee improvement. Through interactive training, employees can work with supervisors to hone in on skills that are in need of improvement or further development. Employee training can even be personalized to the specific needs of the individual, spending extra time on topics or skills where their weaknesses lie.
Training employees goes beyond simply teaching them how to do their job. It communicates that they are a valued member of the organization and that they are worth the long-term investment. Training instills enthusiasm in employees, facilitating a positive organizational environment where employees will genuinely enjoy coming to work every day.