Written by Sam Shoukry
on 22 April 2021
Organisations should be aware of the positive impacts of implementing a well-structured training and development programme for their staff, and how it can improve their personal development. Many employers find training opportunities expensive, so they often are not fully implemented. Training and development provide both the individual and organisation with benefits that make the cost, and time, a worthwhile investment.
Improved employee performance
The main reason for an employer to invest in training is to improve employee performance and, when it is carried out correctly, it does! Your employees will feel confident in their roles and therefore deliver a higher standard of work, which will have a positive impact on the business and the bottom line.
Staff Retention
A well-trained employee is one who feels valued; they know there has been a significant investment in their development and it shows staff that you’re committed to providing them with the resources needed to ensure they’re doing a good job. In return, they are more likely to be loyal to you as an organisation and the cost and inconvenience of recruitment will go down in turn.
Knowledge transfer
Your team can learn from one another about what has worked or not through knowledge transfer. Learning from past wins and mistakes is an easy way of reducing recurring errors and employees will know the strategies moving forward.
Identifying weakness
We don’t know everything, and that is ok, but working towards an increased knowledge base is essential. Employees can be educated on important issues or processes to avoid any recurring problems further down the line.
Enhances company profile
A strong training programme will make your company more attractive to new recruits who are looking to improve their skills and knowledge base. Your employer brand becomes more attractive to potential employees looking to upskill.
Employers who understand the importance of training their staff, to develop and grow their careers, are the ones who are likely to have happier staff, who are more loyal. Having a robust training and development plan for your employees is essential for this.
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.
{{cta(‘d4960b03-00d2-4c04-82ee-e4be72dafd4d’)}}
