Importance of employee training for a corporation

Aug 5, 2016 by
Importance of employee training for a corporation

Investing money and time into employee training isn’t just beneficial for a company, it is equally as beneficial for the individuals involved as they get equipped with cutting edge skills that ultimately help a company to grow. Companies that are successful often send their employees on training courses in order to remain ahead of their competitors.

The statistics for employee training speaks for itself. The study below was conducted by HR Magazine and these results are the benefits for companies that have focused on training and development:

  • 37% higher productivity rate
  • 21% income increase per employee
  • 24% profit margin increase
  • 65% of employees say that training and development positively affects their attitude about their job
  • 46% more likely to make it to market first
  • 58% more likely to meet future demands

Employee training is often seen as a financial cost, however due to the long-term benefits that are received from it, it should be seen more as an investment. Some will argue that it isn’t cost efficient to get their employees trained because there is no tangible, physical immediate gain from doing so. However, as shown by the statistics above, it is certainly worthwhile as it improves numerous aspects for both the employer and employee.

Training provides more benefits than you would initially expect. In recent years, a lot of B2B relationships are now formed between training providers and companies. These kinds of relationships are classic examples of networking, which is the bread and butter of business. One of the advantages that can be gained from third party training is the ability for employees to network with other delegates on a training course. These interactions could benefit the employee or the company they work for.

The need for a qualified workforce grows everyday; more people are becoming qualified and everything is becoming more competitive. Most workers want more than just a paycheck – they are always keen to learn new skills that are beneficial for them. By making it known that you are willing to invest in training, you will attract a crowd of potential employees that will look forward to working for you. The more keen they are, the more likely they are to be productive employees.

Training adds efficiency and diversity to a person’s skillset. What often occurs in today’s world is that you hire a person with all the physical qualifications that you require, but they’re lacking in other skills that would really make them the perfect employee. This is where employee training can teach them to be more competent in areas where they aren’t currently; whether it’s customer service skills, administration, content writing, operations, leadership or anything. This type of soft skill training really adds to an employee’s value, helping them become the complete package for your workforce.

To conclude, there is a reason why all of the successful companies invest heavily into employee training. Statistics show that training only brings positive results over time and should be considered essential, whether it’s in-house training or sending employees over to a training company. It’s also important to remember that the employee and manager relationship is a two way street and both parties must be happy in their roles to really succeed.