The
Importance of Training and Development in the Workplace
Training
isn’t just important to any company, it is vital
Although
there are many categories of training such as management training and or sales
training, employees with Project Management skills are an important asset to
any organization.
What
does training and development, mean to your organization?
Training
presents a prime opportunity to expand the knowledge base of all employees, but
many employers in the current climate find development opportunities expensive.
Employees attending training sessions also miss out on work time which may
delay the completion of projects. However despite these potential drawbacks,
training and development provides both the individual and organizations as a
whole with benefits that make the cost and time a worthwhile investment. The
return on investment from training and development of employees is really a no
brainer.
What
are the benefits?
Improved
employee performance – The employee who receives
the necessary training is more able to perform in their job. The training will
give the employee a greater understanding of their responsibilities within
their role, and in turn build their confidence. This confidence will enhance
their overall performance and this can only benefit the company. Employees who
are competent and on top of changing industry standards help your company hold
a position as a leader and strong competitor within the industry.
Improved
employee satisfaction and morale –
The investment in training that a company makes shows employees that they are
valued. The training creates a supportive workplace. Employees may gain access
to training they wouldn’t have otherwise known about or sought out themselves.
Employees who feel appreciated and challenged through training opportunities
may feel more satisfaction toward their jobs.
Addressing
weaknesses – Most employees will 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.
Consistency – A robust training and development program ensures that employees have a
consistent experience and background knowledge. The consistency is particularly
relevant for the company’s basic policies and procedures. All employees need to
be aware of the expectations and procedures within the company. Increased efficiencies
in processes results in financial gain for the company.
Increased
productivity and adherence to quality standards – Productivity usually increases when a company implements training courses.
Increased efficiency in processes will ensure project success which in turn
will improve the company turnover and potential market share.
Increased
innovation in new strategies and products –
Ongoing training and upskilling of the workforce can encourage creativity. New
ideas can be formed as a direct result of training and development.
Reduced
employee turnover – staff are more likely to
feel valued, if they are invested in and therefore, less likely to change
employers. Training and development is seen as an additional company benefit.
Recruitment costs therefore go down due to staff retention.
Enhances company reputation and profile – Having a strong and successful training strategy helps to develop your employer brand and make your company a prime consideration for graduates and mid-career changes. Training also makes a company more attractive to potential new recruits who seek to improve their skills and the opportunities associated with those new skills.
Training
can be of any kind relevant to the work or responsibilities of the individual,
and can be delivered by any appropriate method.
For example, it could include:
For example, it could include:
- On-the-job learning
- Mentoring schemes
- In-house training
- Individual study
Blended
learning is becoming more and more popular and as a company
we have seen a definite increase in this method of training over the last year.
Blended Learning is the effective combination of online learning and classroom
learning. Many of 20|20’s clients prefer their staff to learn on-site rather
than attend off-site training programmes – especially in industries like oil
and gas where it is often very impractical to attend off-site courses. On-site
learning programmes like the blended learning approach, allow 20|20 to train
more people working across a larger international footprint than just the UK.
This makes it much more cost-effective and allows for greater process
consistency.
The
importance of training your employees – both new and experienced – really
cannot be overemphasized.