Training isn’t just necessary for any company; it is vital.

Although there are many training categories, such as management and sales training, employees with Project Management skills are essential to any organization.


But what do training and development mean to your organization?

Training presents a prime opportunity to expand the knowledge base of all employees, but many employers in the current climate find development opportunities expensive. Employees attending training sessions also miss out on work time, which may delay the completion of projects. However, despite these potential drawbacks, training, and development provide both the individual and organizations with benefits that make the cost and time worthwhile. The return on investment from employee training and development is a no-brainer.


So what are the benefits?

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• Improved employee performance – the employee who receives the necessary training can perform in their job more. The training will give the employee a greater understanding of their responsibilities and, in turn, build their confidence. This confidence will enhance their overall performance, benefiting the company. Employees who are competent and on top of changing industry standards help your company hold a position as a leader and strong competitor within the industry.

• Improved employee satisfaction and morale – the investment in training that a company makes shows employees that they are valued. The movement creates a supportive workplace. Employees may gain access to the training they wouldn’t have known about or sought out themselves. Employees who feel appreciated and challenged through training opportunities may feel more job satisfaction.

• Addressing weaknesses – Most employees will have some weaknesses in their workplace skills. A training program allows you to strengthen the skills each employee needs to improve. A development program brings all employees to a higher level with similar skills and knowledge. This helps reduce weak links within the company that rely heavily on others to complete basic work tasks. Providing the necessary training creates an overall knowledgeable staff with employees who can take over for one another as needed, work on teams, or independently without constant help and supervision from others.

• Consistency – A robust training and development program ensures that employees have a consistent experience and background knowledge. The surface is particularly relevant to the company’s basic policies and procedures. All employees must be aware of the expectations and practices within the company. Increased efficiency in processes results in financial gain for the company.

• Increased productivity and adherence to quality standards – Productivity usually increases when a company implements training courses. Increased process efficiency will ensure project success, improving the company turnover and potential market share.

• Increased innovation in new strategies and products – Ongoing training and workforce upskilling can encourage creativity. New ideas can be formed as a direct result of training and development.

• Reduced employee turnover – staff is more likely to feel valued if invested and, therefore, less likely to change employers. Training and development are seen as an additional company benefit. Recruitment costs, therefore, go down due to staff retention.

• Enhances company reputation and profile – A solid and successful training strategy helps to develop your employer brand and make your company a prime consideration for graduates and mid-career changes. Training also makes a company more attractive to potential recruits who seek to improve their skills and the opportunities associated with those new skills.

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20|20 Business Insight Ltd

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