Supporting employee growth is a direct investment in your company. Providing opportunities for your team members to expand their skills through training and development programs, also known as upskilling, is an attractive benefit that boosts employee growth, job satisfaction, and retention rates and attracts potential new hires. According to a Gallup study, 65% of workers believe employer-provided upskilling is very important when evaluating a potential new job.
To achieve significant benefits from new training programs, assess both your team’s and organization’s needs. Then determine if there are skills that will help your employees improve productivity and develop professionally.
Common types of workplace training include:
- New hire onboarding and induction
- Compliance training
- Technical skills development
- Anti-bias and diversity training
- Product and services education
- Manager and leadership coaching
- Soft-skills training
Let’s dive into the benefits of professional training and development.
Improve Employee Retention Rates
The days of a lifetime career have dwindled, making it imperative to find new ways to retain and attract talent. According to LinkedIn, 94% of employees say they would stay at their workplace longer if their company invested in their career development.
Satisfied employees tend to remain loyal to an organization if they contain a positive work culture. Fair compensation, benefits, opportunities for growth and development, and a safe work environment create a culture people want to be a part of.
“Employers are getting a hard wake-up call around how competitive their offerings are—pay, benefits, flexibility,” says Britt Andreatta, CEO of workplace consultancy 7th Mind Inc.
Motivate & Engage Employees
A supportive work environment is one way to boost employee morale, which is a benefit of training and development. When a company invests in the development of its employees, team members believe they are valued, which develops self-confidence, engagement, and motivation.
Approximately one-third of the U.S. workforce feels engaged, according to Gallup. Implementing incentive programs to help boost engagement can lead to fewer absences, higher productivity, and less burnout.
Keep Your Company Competitive
Employees are a valuable asset to a company, and investing in their training and development increases their capabilities and productivity. Additionally, the opportunity to learn and develop new skills is a top factor when candidates consider a new job. Therefore, training and development is a win-win for each team member and the entire organization.
According to Forbes, 46% of companies have specific training for new graduates just entering the workforce. With nearly half of your competitors offering training benefits, your business must strengthen incentives to attract new talent.
Productivity increases when employees receive the training needed to be successful in their roles. Fewer errors results in less time correcting mistakes and the ability to perform jobs more efficiently and effectively.
Training and development nurture an organization’s culture of innovation. If encouraged to think creatively, employees are more likely to produce innovative solutions to boost productivity and efficiency.
Investing in employee training and development can lead to a more competitive company that employs an engaged and productive team.
Cura HR’s Employee Training & Development Services
Cura HR is a team of well-rounded human resources experts with decades of combined experience across all industries. We strive to bring you comprehensive HR solutions tailored to your business needs.
Reach out today to learn more about what we can do to help your organization implement training and development programs.