A business or organization must recognize the importance of training and development programs for employees if they want to achieve a business success.
These trainings are not only offering opportunities for employees to improve their skills, but also for employers to increase employee productivity and enhance company culture and outcome.
The Employee Training Reduce The Company’s Turnover Rate
A 2020 study in America shows how important of having regular employee training to the corporate profits. According to the report, the voluntary turnover rate of employees at American companies causes business losses of more than $630 billion dollars per year.
According to the survey, employees who get the opportunity to learn, develop and progress are more likely to stay with the company. This is because it help them to not feel stuck at their current role.
Employee development is an ongoing effort to strengthen performance through approaches such as coaching, training sessions and leadership mentoring.
Training is a special event that teaches new information or skills, which is frequently given to new or newly promoted employees.
Training and Development Improving Employee Performance
Employee development and training programs are very important to improve employee performance in your organization.
In fact, a 2019 report published in The International Journal of Business and Management Research shows that 90% of employees surveyed agree or strongly agree that training and development programs improve their job performance.
Companies can offer various types of online and offline training and development opportunities for employees.
They can also use in-house training, third-party training or off-site activities to provide these opportunities. The following are some types of training and development for employees:
- Management Training
- Sales Training
- New Employee Training
- Mentoring Program
- Apprenticeship
Training and Development Increase Employee Productivity
We can see the importance of employee training and development on work productivity within the organization. It shape the employees who have attended effective training to work more efficiently.
To evaluate the effectiveness of the training program, the organization/company can take the following steps:
- Measuring performance results – evaluating work results to determine the level of improvement
- Provide pre- and post-training assessments – ask employees to share what they expected from the training program and whether the training program met those expectations
- Data Mining – study data such as viewing employee time spent on courses or employee dropout rates during courses to gain insight into how employees engage in training content.
- Conduct polls and tests – polls and competitions in training can measure employee knowledge and engagement.
Improve Task Management
Training and development programs can assist employees in managing tasks individually and as a team. By relying on a better understanding of the process and clear goals.
Because employees are experienced in the skills needed for their jobs, it takes less time to find a way to do a task.
Encouraging Continuous Improvement
Technological change is so rapid that it requires regular skill upgrading, this is why training programs for employees are needed.
The existence of employee training and development encourages employees to innovate and is willing to take risks in improving work processes with less assistance from supervisors.
Cultivating Faith
Not only employees who have attended training and development programs will be more confident in their knowledge and abilities, but their managers too. This self-confidence fosters a sense of enthusiasm and responsibility for the results of their performance.
Clarifying Hope
Training programs can help companies explain to employees the company’s expectations for them. This effort promotes a performance-based culture where employees set achievable goals based on well-defined organizational principles.
Increase Employee Engagement
This training program will provide opportunities for employees to know that employers are willing to support their employees throughout their careers. So this can also help the company to reduce the employee turnover rate in the company.
Committed to Employment Development and Promotion
Companies that provide opportunities for their employees to participate in training and development will increase employee motivation and job satisfaction and open up opportunities for advancement and promotion. The Work Institute reports that in 2019 as many as 20% of employees were turned over due to lack of career development opportunities.
Cultivate a Sense of Self-Esteem and Prevent Stagnation
Opportunity is a key driver in retaining employees. With this in mind, the Society for Human Resource Management (SHRM) says that companies should train managers to keep employees motivated, engaged and feeling valued.
This training program can also help prevent burnout in employees who have mastered their initial assignments.
Training and Development Helps Improve Company Culture
Improving corporate culture is another benefit of providing training programs for employees.
In Chris Dyer’s 2018 book, The Power of Company Culture, he explains that training and development opportunities align with the attributes he calls the main pillars of a strong corporate culture:
- Transparency – communicating about company details such as employee feedback and financial status
- Positivity – accept the challenges of the company’s details by building on the strengths of the organization
- Measurement – collecting, measuring, and evaluating information.
- Recognition – praise and reward good work
- Uniqueness – advancing the company’s unique qualities
- Listening – encourage active listening that leads to action.
- Mistakes – fostering an environment where employees learn from mistakes.
Reduces The Need For Constant Supervision
Training programs can increase the competence of employees in their work. This improved task management and teamwork helps reduce the need for close supervision.
Increase Employee Morale
Mastery of the task will give a sense of accomplishment. Providing training opportunities will enable employees to excel which gives them a sense of self-worth and boosts morale.
Provide Avenues For Improvement
The training program provides a clear path for employees to learn and progress. Learning that meets the specific needs of current or future roles can help employees set their own path for success.
To provide effective training to company employees, you can use the LMS Learning Management System.
Final Thought
What do you think of the importance of employee training program in an organization?
While the data has shown the significant benefits from it, it is definitely a good investment.
