The Remarkable Benefits of Having Ongoing Learning

Upskilling, cross training, remedial training! Have you ever attended any one of these training? Why are these training sessions meant, and what is the outcome? Before you get curious, all these training programs are devised to upgrade one's existing skills with the ones in demand in the market or to offer remedial benefits in case one lag in a particular skill or knowledge. Through this article, let's focus and see how this ongoing learning is beneficial for our existing and future needs.

Introduction?

The word ongoing means continuous and ongoing training would mean a form of training in which a trainee is trained continuously and not a one-time process. This training aims to increase the knowledge of the trainees and participants. It empowers them with the knowledge and skills needed for better performance at work and overall employee satisfaction. Due to the dynamic nature of any business, it has become the need of the hour to hold such types of training to impart knowledge regularly. We shall see its importance and benefits in the upcoming points.

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Importance of Ongoing learning

1.????Traditional classroom:- Unlike a standard classroom setup in which most participants forget the learning from such training, it makes it ineffective. In such scenarios, the movement needs to be reinforced with continuous assistance and guidance; learners can retain knowledge for longer.

2.????Regular training:- When the participants/learners/trainees are being trained regularly, they gain the knowledge and the skills to do their work effectively and efficiently. Ongoing training helps them achieve efficiency and less dependence on others; as a result, they get job satisfaction compared to those who do not possess such skills.

3.????Employee satisfaction:- Regular training adds value to the employee's portfolio and makes them feel delighted to carry out their work diligently and effectively. They think their work is not pending and feel assured that it will be resolved quickly.

4.????Increased retention & low turnover:- An employee for any company is an asset resolved, and increased retention & low turnover are the indicators of employee experience and company stability. Providing ongoing training to the employees gives them an edge over the ones who aren't and also increases employee loyalty to the company, and decreases the attrition rate. Turnovers can cost the company 16-213% of the employee's salary.?

5.????Improved profitability:- Ongoing training, when adopted and imparted regularly, makes employees confident, self-sufficient, and happy with the work, which results in greater productivity. One can say that the outcome of regular ongoing training is directly proportional to an organization's profits. Quality training improves the team's overall performance, communication, and customer satisfaction and boosts profits.

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Benefits of ongoing training

1.????Identifying the strengths and weaknesses:- One of the many benefits of ongoing training is the identification of the strengths and weaknesses of an organization's existing employees. Ongoing training is an excellent example of such training, which helps to identify skill gaps. One needs to know where their employees stand from a job preparedness point of view and what can be done to upgrade their skills to match the current market needs. The company needs to implement ongoing training to polish and upgrade its skills to turn their weakness into strengths.

2.????Motivation:- Empowering your employees to upgrade their skill set and motivate them to contribute towards better work efficiency and delivery. Ongoing training helps employees to boost their career and also help in their professional growth and journey. As your employee learn better things from such activity, they can imbibe and inculcate better practices which will further motivate them to do better in their jobs to get better opportunities and know the latest trends and processes.?

3.????Updated with the industry norms:- Both company and the employees must stay abreast with the latest trends and revised criteria in the industry. As the job market is dynamic, remaining updated will be upscale and updated compared to others. A business that has a knowledgeable and updated workforce can produce great results. Upgrading traditional to modern methods might be cost-intensive, but in the long run, it will reap better results.

4.????Internal job posting (IJP):- Companies spend a fortune on hiring a new employee or a workforce which can take up to a month or maybe more time. Also, they might not get accustomed to the company's work culture and ethics, even being skilled. On the other hand, having an incumbent and trained workforce is an absolute bonus for them to be promoted to the next level, which will increase and boost their morale. The cost of regular ongoing training might be more but hiring a new employee is always on the steeper side. Plus, training an existing employee will give you better ROI.

5.????Employee satisfaction (E-sat) & loyalty:- The main objective in providing ongoing training is that you can create a sense of commitment by imparting them training that is needed to boost their performance and productivity. E-sat can be achieved by organizing a session with industry experts and influencers or facilitating on-demand training for your employees and giving them a new dimension. Doing so will not only make them feel special but also makes them feel like an essential asset to the organization.