As businesses look to improve and secure their operations, both setting and meeting targets in the new year, employee training once again becomes a key focus. Despite the numerous advantages that both businesses and employees receive from such investment, however, many companies remain somewhat hesitant to pay the initial cost of such training.
There are a few reasons why this may be the case, though most likely it is that the actual cost of training is tangible whereas the benefits of training employees are less immediate and, in some cases, more difficult to quantify. The decision to decline training courses to employees, however, does a disservice to business owners and as we will outline below, there are a number of significant reasons why it should be the first port of call for those looking to find success.
Mistakes, especially those stemming from human error, accumulate within operations and are ultimately costly. Occasionally, there can be a significant oversight that results in major deliberation within the business, stunting productivity for some time. It is for these reasons that business owners devote substantial resources to risk aversion.
By investing in employees through corporate training courses, businesses improve their risk analysis while simultaneously ensuring that employees are more risk-averse. Individuals will also be more aware of potential risks and able to flag issues up within their department before a problem occurs.
With greater confidence and competence in their work, employees will naturally be more efficient. This can be incredibly useful for the resolution of tasks, as well as the scrutiny of processes that can be rectified and overhauled to be completed more quickly in the future. Corporate training also offers advantages to managers and business leaders too who are then able to better utilise their skills and delegate tasks more effectively.
The cost of hiring and training new staff is high with both time and resources consumed. It can also be problematic when current employees, those who are especially valued by the business, leave because their integrity within the workplace leads to a deficiency in team bonding Employees must also go through sales coaching to improve their performance while increasing revenue.
In tandem with reducing turnover, workplace training actually improves loyalty among employees with many stating that it is the opportunity and professional development that most contribute to their workplace satisfaction
Duty Of Care
While workplace training isn’t itself a workplace necessity, mental health training can significantly benefit businesses. Each department, not only human resources, can benefit greatly from interpersonal training and leadership skills. This is why a large portion of workplace educators dedicate themselves to leadership and care, since the results can have a positive impact upon an entire organisation.
Now, as we transition into a post-pandemic society, one that is dealing with both new operational structures and residual health issues, duty of care becomes a more pertinent issue. Business leaders and managers should be especially aware of how to deal with employees who experience stress and illness, not only because it underpins duty of care obligations but because it also ensures ongoing productivity and workplace positivity.