“Money spent on the brain is never spent in vain.” -Joe Griffith”
Employee training benefits the overall operation and productivity of any company. Studies have concluded time and again that employee development training increase knowledge and enhance skills in employees, gradually helping them become competitive and adept in their respective line of work and, thereby, giving multiple advantages to an organization and its workforce.
However, many companies view employees training as an expense rather than an investment. This is understandable for an organization that holds training but doesn’t know what to expect in return.
Read on as we discusses why formal employee training and development is essential for the continued success of your business.
1. To create a learning culture in your company
2. Make your employees upbeat with the competition and be at the top of their professions
3. Create a pilot team for or test a new operation performance management system
4. To train about a specific topic
5. To put a benchmark on the improvement status of efforts
6. When a performance appraisal indicates a need for performance improvement.
Companies generally conduct training on these specific topics:
Employee training can be seen as an ego-boosting activity both for employees who recently received a poor or satisfactory performance appraisal and those demanded to beat competition. Employee training creates a learning culture that increases employee self-esteem and decreases workplace tension.
Overall, it creates a rippling effect throughout the entire organization. Spending an hour a week for employee training gives immediate paybacks both short term and long term. Training empowers employees and adds value to the organization as a whole.
Results from many studies agree on the huge impact of employee training on your bottom line, with emphasis on employee retention and considering the human resources that go into establishing a new hire into your company.
Training expenses might stop companies from holding training, but when you think of the long-term benefits on employee job performance, overall productivity, and employee retention, there is a huge difference that will go a long way.
This article is contributed by Priya Nagrale who is writes career topics & latest jobs alerts on SureJob.in. You can find some of the best tips on career growth on her blog SureJob.