Whilst there is a wealth of evidence demonstrating the benefit of investing in training for employees, statistics show that it has been in steady decline for some time.
Such lack of investment can have a significant impact on both profit, and organizational culture. There is a great deal to be gained by investing in your workforce, for both the employees and the employer.
One of the most common reasons why companies invest in training is to enable their employees to gain or build upon specific skills. Although increasing capability is a strong reason for investment in training, there is also great value in investing in more generalized training. Many learning experiences are designed to enhance the way individuals perform in their roles and interact with other team members. While improved job performance certainly benefits the organization, being better equipped to do your job and work effectively with colleagues is also likely to increase job satisfaction and employee engagement.
Investing in training for your workforce can have a significant impact on motivation. Employees feel more valued and appreciated when their employer takes the initiative to invest in them, in turn making them more motivated to do their job well. In addition, by providing training to assist employees in their roles they are likely to feel more motivated as they become increasingly well-equipped to perform their role at a higher level.
As stated by Richard Branson, “train people well enough so they can leave, treat them well enough so they don’t want to.” Investing in employees is among the best ways to maintain key talent employers rely on to carry out organizational strategic objectives. Opportunities for professional growth and progression are top of mind for employees considering whether to remain in their current role or pursue external employment opportunities. By investing in their employees, organizations take steps to retain their best talent and future leaders, as well as enable individuals to maximize their own potential.
By investing in their workforce early, organizations can maximize the benefit that employee training and development brings. Increased motivation and fulfillment can enhance the workplace culture, improve team relationships and increase productivity, to the advantage of both the organization and its employees.
Development and implementation of an organizational learning and development strategy provides countless advantages and benefits for employers and employees alike. Contact us today for information about our services.