10 Reason why you should invest in L&D

Did you know that developing your team can pay for itself?

Learning and development is an essential part of any successful business.

Incorporating learning and development into your day-to-day business equips your team with the most up-to-date skills and knowledge to perform in their role.

But there are more reasons than just that to invest in team learning and development.

With that in mind, below are ‘Ten Reasons Why You Should Invest in Learning and Development.

Upskill, your team

According to a recent review, 79% of global CEOs are concerned about skills availability.

This is partly due to technological breakthroughs, which see more work tasks being performed by machines and algorithms.

This digital transformation is undoubtedly a great enabler for businesses and their processes.

This also gives rise to a more pressing need to close the ever-widening skills gap that results from it.

For this reason, reskilling and upskilling the team is imperative to strengthening your business's strategic capacity by giving team members the appropriate skills to thrive in the future workplace.

Boost Team Engagement & Alignment

Engaged team members bring their best selves to work every day.

They are loyal, hardworking, and will more readily take ownership and accountability.

Considering the benefits of high team engagement, investing in solutions that boost this, including comprehensive learning and development initiatives, makes sense.

?When you offer your team opportunities to upskill or reskill in areas that interest them, they feel valued and more motivated to achieve company objectives.

Empower Your People

Team empowerment goes hand in hand with engagement.

If you want your team members to feel in control, confident, and able to make informed decisions, it is up to you to give them the tools to do so.

Investing in learning and development initiatives like mentoring schemes and training goes a long way to empowering team members with the confidence and knowledge they need to work to the best of their abilities.

It is understood that this approach also does wonders for your bottom line and growth!

Troubleshoot Within Your Company

Learning and development analytics give you powerful insights into where your team is skills-wise and what they might be struggling with.

Data can also be used to identify critical trends and troubleshoot any major sticking points within your business.

Having this data enables leaders to make intelligent decisions in the long term that boosts return on investment.

For example, a skills gap analysis highlights development areas and can inform hiring decisions.

Knowledge is power!

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Did you know that we could undertake the skills analysis for you?

Higher Team Retention

According to a recent report, 94% of the team said they would stay at a company longer if it invested in them.

?As we all know, recruiting and onboarding new team members is expensive and time-consuming.?

So, if better continuous professional development provision is one of the things a business can do to retain the team, then so be it!

Save More Time

When your team is more knowledgeable, skilled and confident, they work more efficiently and need less manager support. This means that work gets done quicker to a higher quality – a big win.

Effective eLearning focuses on a clear goal or outcome; when executed correctly, the team must only complete a course once to apply their new skills or understand a process.

Reach More People

Many businesses are moving to a hybrid work model, sometimes seeing some teams working remotely.

While hybrid work models bring many benefits, they can make upskilling and training the team more challenging. That said, a solid investment in eLearning can rapidly break down those barriers and make learning accessible from pretty much anywhere.

Boost Your Businesses' Reputation

A collaborative workforce is a successful one.

Your team is the most prominent champion for your business when they feel seen, heard, and invested.

Highlighting training as a priority communicates your commitment to developing from within. This will, in turn, attract the absolute best talent in your industry.

Investing in excellent quality training is necessary for any business. Whether off-the-shelf or bespoke eLearning content, businesses can only afford to let their team down by paying attention to upskilling or development requirements.

We offer engaging courses, training and workshops to suit all learning styles and personalities. https://www.heartbeat-hr.co.uk/training/.

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We do this by using the most innovative learning methods and more to create courses and content that goes beyond expectations while delivering on learning objectives.?

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Increased Productivity

Naturally, an employee who has been provided with the appropriate job and skills-based training is going to understand their job better, than without the training.

?Yet, for some reason, as mentioned earlier, a surprising number of employees (and managers) do not get the proper training.

In one survey we did, for example, we found that over 35% of managers had received insufficient training.

Reduction in Employee Costs

In addition to increased productivity, proper training can also help you to reduce the overall employee salary costs through a more refined workforce.

It stands to reason that if you have 10 highly well-trained and efficient employees, they can often do the same as 15 untrained, unmotivated, and uninspired employees.

To learn more about us and what we can do for you, visit the training portal on our website?https://www.heartbeat-hr.co.uk/training/.