Written by Mary Malto
on 27 May 2021
Change in business is inevitable. Employment turnover rates increase, hiring processes begin, systems upgrade, knowledge bases are dynamic… the list goes on and it’s hard to keep up. A sure bet in equipping your business is to have a reliable learning management system for your employees and to keep your business relevant.
Why should businesses bother with a proper learning management system? Many believe that if employers look after your employees, your employees will look after the business and the business will look after your customers. It makes sense, so why not have business processes to look after your employees?
What does training mean for Employees?
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- Improving their performance – Training is more effective when it’s relevant to your employees. Not only will employees understand their responsibilities, but they will gain confidence in doing their job. Both your employees competency and engagement in job-related activities will increase, as well as their overall productivity.
- Career Development – Training can offer new and challenging tasks that will upskill employees and furthers their knowledge development in their field of work. This kind of support from businesses can have a positive impact for employees as this provides them with the opportunity to develop their career, not only in their line of work but also within the company.
- Increased employee satisfaction – Employee’s level of satisfaction can increase significantly knowing that their business supports their development, which they would have otherwise sought for themselves. Training can build positive relations with employees, especially with self-paced and easy learning to guide them.
What does training mean for your Business?
- Consistency – Training all employees can mean brushing up on common industry knowledge as well as readdressing weak areas through training. Reinforcing consistent training will create a solid knowledge base throughout the whole business and can re-establish the business’ standing within the market. This also provides an opportunity to have in-house training, which focuses on relevant business specific scenarios and processes.
- Employee performances – Training can provide valuable data for employers as employee performances can be measured, tracked and properly supported where needed. Having these measures can mean focusing resources on weaker areas within the business and for supporting employees to reach industry approved practices.
- Encourages innovation and creativity – Training provides challenges and innovative thinking to daily tasks. Employees are encouraged to apply new methods and bring new ideas to the workplace.
- Reduce employee turnover – As employee satisfaction increases, employee turnover decreases. Employees who feel valued, invested in and supported will be more committed to staying with their company. In the long-run, recruitment cost goes down.
- Your business becomes desirable – Training programmes attract new recruits as people want to improve their skills, some are looking for acquiring new skills and some desire career changes. Training provides people the opportunity to join your business and get them up to scratch on how to be productive for your business. Successful training strategies also boosts business brands.
Managing and maintaining your organisational knowledge is vital for the future of your company. Not only do training systems develop employee industry knowledge, both employees and businesses are better off in the long-run.
Make sure that when choosing training, you have your employees in mind. Be change ready.Are you looking for an LMS solution to help you develop and upskill your staff? Click here to learn about Cornerstone OnDemand®, the #1 talent management solution.
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