Published on December 28th, 2022 | by Bibhuranjan0
7 Reasons Why Workplace Training is Crucial for Your Organization
Workplace training consists of employers offering training and development programs to their employees that benefit the organisation and company. Training is offered to improve the performance and efficiency of completing tasks relevant to the organisation and is usually offered in a range of forms and activities, such as online training for those companies that offer remote work, classroom-based learning sessions, and finally on-the-job learning exercises. Many organisations and companies still do not offer workplace training; however, they are missing out on the benefits that it provides to the employees. Workplace training can also oftentimes be offered for free in the form of shadowing, resulting in no extra cost to the employer, and so won’t need to be taken into consideration by those managing the real pay stub systems of employees.
The following article will discuss seven reasons why workplace training is crucial to organisations and businesses, and why it should be implemented if it isn’t already.
Increase the Performance of Current Employees
Workplace training can be beneficial to organisations as it will increase the performance of current employees that undertake said training. This will increase their value within the company and make them more valuable assets to their team, as they will be able to complete activities in an improved manner.
Examples of things that can be taught in training sessions and how they can increase employee performance are:
– Develop an understanding of a business-related topic. This will allow the employee to better understand key business-related concepts.
– Expand knowledge of a framework or technology relevant to the business. Will increase employee efficiency when using said framework or technology.
Express Onboarding Process
New employees can also benefit highly from workplace training, as it can accelerate the lengthy onboarding process if substantial training services have been implemented. Inadequate and convoluted onboarding processes result in a slower accumulation of employee value within an organisation, so having a training system in place will bring value to new recruits much faster, benefiting the organisation tremendously. These training schemes can also help employees settle in faster, benefiting themselves alongside the organisation.
Reduce Employee Turnover
Having workplace training schemes in place can alleviate high-turnover organisations, as employees that have undertaken said the training will have more reason to stay in their current roles. When an employee is more familiar with their role, company, and tasks, they are more likely to consider staying long-term, as the training should increase their efficiency within the position they fulfil, resulting in the fear that the comfort they now have as a result can be lost if they join a new organisation that does not have a workplace training program.
Employees who have undertaken workplace training will be more likely to:
– Understand their role, job, organisation, or other.
– Feel confident within their organisation and team.
– Feel valued and appreciated within the company, as they will believe that they are being invested in and nurtured by their higher-ups.
– Achieve job satisfaction, thus reducing the likelihood of losing interest in what they do.
Employees that are more likely to be in accordance with the above list oftentimes are less likely to seek another job, thus bringing an organisation’s turnover rate down.
Incentivize New Applicants
Having a robust workplace training program can be a compelling incentive to join an organisation. This can in turn bring better talent to an organisation, as it will attract those that are willing to develop themselves and improve to perform their role better. This can also give an organisation a competitive advantage within the recruitment process against competitor companies.
In many industries, such as the technology and software development sector, familiarising oneself with the latest frameworks and practices is something that can be seen as a daunting challenge. Therefore, if an employer is providing workplace training that covers processes the employee finds relevant to their career, it can be a massive incentive to join an organisation that offers such training.
Upskilling over Recruiting
When an employee completes a form of workplace training, they effectively upskill themselves. Organisations can use this to their advantage to improve upon employee skills and proficiencies, to bring more value to the company, as if the organisation had just recruited a better-qualified individual in the first place. Workplace training can also be utilised to get employees proficient in multiple roles, should the need arise to fill a position temporarily or permanently, at short notice when recruiting a new employee is not a viable option.
Upskilling as opposed to recruiting new talent is also a cost-saving measure that can reduce the overhead expenses of a company, as recruiting new employees that are equipped with more knowledge on a certain topic can be an expensive process.
Improve Employee Engagement
Another benefit to workplace training programs is that they will increase employee engagement within an organisation. Due to the variety of training schemes that can be implemented to fit any organisational niche, engaging training exercises can be incorporated that will increase employee engagement. More engaged employees are more likely to work harder than those that are not engaging with the work they are doing. This also can increase employee satisfaction.
Workplace Training Costs vs Value
A final reason to consider workplace training is that it oftentimes doesn’t cost much in terms of financial resources and time, relative to the value it can provide to a company. In-house training can be performed by shadowing other employees, which will not bare any financial resources for the company. Third-party workplace training sessions can also be incorporated, and although will have a financial cost, they are often tailor-made to deliver a very high-quality service to upskill employees at an organisation.
In conclusion, as evident by the reasons highlighted throughout this article, workplace training can provide a lot of benefits to an organisation and its employees. Companies that do not currently incorporate some sort of workplace training program are significantly missing out on the advantages and utility that it can provide and should definitely consider implementing a scheme.
Cover Image by Freepik