EMPLOYEE TRAINING: The Secret to Business Success

Every employee could benefit from a development program. Yet it's easily dismissed during the challenges of everyday business. Some days you might feel like you just need to survive the day, much less manage a continuous education program for employees. But as a business leader, employee development may be your single biggest contributor to success.

Why should you execute a well-planned training and development program, and how can you fund it? Here are 6 benefits and a way to get the money you need to make your training happen:

1. It helps employee retention and hiring.

Employee retention is a tremendous challenge (and expense) for employers. Each lost employee equates to thousands in lost income from the get-go. And, it's not easy hiring great talent. Having a robust employee development program can help hire and retain talent.

When it comes to attracting and hiring the best employees, here’s why a robust employee development program matters:

• It brings in good people and keeps them. By offering training and continuing education, you will attract employees who are looking to better themselves. That's an employee you want to hire in the first place. Once hired those employees notice that you believe enough in them to invest in their future, and that causes them to want to stay and grow.

2. It helps you create future leaders within the organization

Hiring leaders from within is a good idea. Who else is more familiar with your business, and with your customers? But not every employee is ready for higher level positions, and promoting them when they aren't leads to problems.

A good employee development program will:

• Create a pool of promotable talent
• Create employees ready for promotion.
• Help you identify strengths and areas for improvement in your workforce.

Employee development helps you create a succession planning process as well as shows you which employees have the competencies for promotion. Better to learn about strengths and weaknesses in training rather than in a leadership position influencing others.

3. It keeps employees motivated at work.

Stagnant employees are a foreteller for disaster. They easily take on negative attitudes, poor work habits, and cause demotivation to relationships with other employees and customers.

Employee training is a way that you can keep your employees engaged at work to prevent that kind of malaise from becoming commonplace. A robust training and development program removes the potential for boredom and workplace fatigue.

4. It helps you save and earn money.

A highly competent and resilient employee is your greatest asset.

That well-trained, competent, and engaged employee can produce the most of anyone in the workforce. They are going to innovate more and do more with less direction. That's going to help save money, as their competency and continuous improvement turn into high returns and lower error. Employee development also has the potential to increase sales. That's why the most successful companies consider employee development not as an expense, but as an investment.

5. It causes innovation

Continuous learning means that you always want to improve your environment and business. Learners ask themselves:

• What kind of resources will I need?
• What will my customers need from me?
• What changes are necessary?

Your organizational culture requires a ready response to shifting customer and industry needs. This means that new skills and approaches will be demanded. That's a good thing, because it keeps you at the forefront of change. Staying tuned to relevant employee development needs means you'll be thinking proactively instead of reactively.

6. Grant funding is now available!

Grant funding is often available to help small companies train employees and develop work skills. The state of California offers training grants to companies with in-state employees.

If you are a California based company or have employees in California, contact PACEsetters at https://pacesetters.training/contact-us/

We'll help you train your employees and may be able to help you with your grant application, if one is needed. Clients who have been pre-qualified by us have never been denied funding.

Our grant administration people are experts in the programs offered by the State of California Employment Development Department and in representing clients before the Employment Training Panel. We help those clients who pay payroll taxes source training funds, and then we provide training for our client's employees. Our clients are trained to produce higher-skilled, more competitive, more productive and highly-motivated workforces. 

Reimbursement Management

PACEsetters can manage training funding project from end-to-end, starting with gain grant funding within the state of California, and then training your employees in the skills you needs.

We start by conducting an eligibility evaluation for your company. We gather the necessary data, prepare your application and represent you with the State review panel. Once you are approved for funding, we administer your training schedules, manage the training process, and assist you with processes to document your employer training hours. We take care of submitting all the paperwork so you receive your timely reimbursement check.

So don't delay your training. Start now. If you would like the help of PACEsetters, please go to the below link and we'd be delighted to get you started:

https://pacesetters.training/contact-us/