5 Benefits of Employee Training for Organizational Development

Employees are a company’s greatest asset and investing in the talent in your organization is crucial to business growth and success. Many organizations go through rather lengthy recruiting processes just to make the right choice but often the emphasis on caring for these employees stops after the orientation program.

According to a study by Mckinsey, Improved capabilities, knowledge and skills of the talented workforce proved to be a major source of competitive advantage in a global market. Dedicated training and development encourage employee engagement and employee engagement is vital to a company’s financial performance.

What is Employee development?

Employee training and development encompasses various employee learning practices. Training involves programs that have been outlined to improve the performance of an employee in terms of skills, knowledge, and ability. As new technologies emerge, recognizing new skills and ways of learning will better position a company for new opportunities.

The Benefits of Employee Training

Increased Job satisfaction

Employee training and development boosts the productivity of employees in the workplace. They will constantly be motivated to deliver good work because the organization is not just particular about business growth but career development. Companies that invest in the development of their workforce will run more smoothly and efficiently.

Reduced employee turnover

The cost of replacing an employee is expensive and should be avoided. By extending continual corporate training that helps them develop their skills and abilities, you would have eliminated one of the major causes of attrition; redundancy. Employee turnover can be lowered with sufficient training. Reports have it that training cost is lower than replacing an employee.

Increased capacity to adopt new technologies and methods

The world of work is constantly changing and many roles in the workplace are being automated. Employee training allows your workforce to competently use new methods and technologies to full potential. Employees will constantly be in touch with technology development and increase innovations to strategies and products.

Employee Empowerment

Leaders who feel empowered within the workplace are more likely to be effective at influencing employees and gaining their trust. Employees who feel a high level of empowerment have tendencies to be more engaged. Training and development allow for this high level of engagement and entitlement.

Increased Employee Engagement

Continuous employee training in the workplace can help minimize idleness and negative working habits. When employees are constantly evaluated based on their skills and processes, it will influence company culture. Assessing the current level of skills and abilities of the workforce will enable managers to strategically plan for training programs that will bridge the gaps in skills, knowledge, and abilities which will produce more engaged employees.