Train Them or Lose Them

We receive numerous inquiries from job seekers who are dissatisfied with their current employer and seeking new career opportunities. After further investigation, we often discover that their dissatisfaction stems from the lack of training and development they receive if any at all. They desire a company that prioritizes employee growth and development by offering superior training programs. It's worth noting that various independent studies have reported that in 2022, 50% of employees are contemplating leaving their current organization due to inadequate training.

What is the importance of employee training and development?

Learning and development are essential for employees to enhance their skills and effectiveness, ultimately helping them progress in their careers within the company. Although training can be expensive, the benefits it provides in terms of return on investment are significant, especially when it is consistently implemented. The ROI of consistent training is substantial and improves skills and knowledge.

1.?????? Creates faster ramp-up time.

2.?????? Results in higher job satisfaction, and therefore improves morale.

3.?????? Builds better customer satisfaction and loyalty.

4.?????? Satisfies the desire for performance reviews.

5.?????? Prepares employees for higher responsibilities and growth within the company, which in turn, increases productivity and performance.

6.?????? Illustrates to employees that they are valued and productive members of the organization.

7.?????? Results in lower employee turnover, which is highly costly to a company in more ways than just monetary.

8.?????? Improves the company’s reputation and culture.

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All of the above translates into the ability to hire top talent and to retrain them.

The majority of business leaders recognize the importance of upskilling for achieving success in business. The companies that prioritize investing in upskilling are the most likely to come up with new and innovative work methods. But, when is the best time to do it? What approach should be taken for maximum effectiveness? Which skills will be the most beneficial for your organization? Experts have identified three crucial areas of focus that can help companies reap the most benefits from upskilling. Find out how to help your employees perform their duties efficiently, creatively, and with greater fulfillment. According to a published survey report by PwC Talent Trends, there are three keys to unlocking your employees’ true potential:

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1.?????? Measure the skills gap by assessing where you are - Successful upskilling starts with a thorough analysis that identifies which skills employees lack.

2.?????? Provide the right training at the right time - Digital skills curriculum should be innovative and adaptable.

3.?????? Enable employees to put new skills in action - Just as upskilling should allow employees to put their skills to work, training curricula should be interactive, with hands-on practice and do-it-yourself activities that allow people to try new skills in real time along the way.

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Okay, I see the ROI, so how do I start?

1.?????? Create or improve your Onboarding Process – In essentially every candidate interview that we conduct, they ask about the company’s onboarding program. If it is not an organized process, the candidate will often withdraw their interest in pursuing the position.

2.?????? Invest in Cross Training – This enables employees to work in several different roles that may be closely related. This not only promotes career development but helps employees to better understand their peer’s roles, resulting in a collaborative team who works together with a genuine understanding of one another’s asks and needs.

3.?????? Consider using Outside Professional Training – Ask around for referrals and consider using a company that specializes in professional training as their core focus. They could at least get you set up with a plan that you could then continue to use on your own.

4.?????? There are numerous online training programs – Research the one that seems to best fit with your company and what your issues are.

5.?????? Forbes has provided an article “12 Ways to Implement Successful Employee Training Initiatives”

https://tinyurl.com/bdey6ey7.

It's always a good idea to check in with your employees and ask for their feedback on your training program, even if you think it's sufficient. You can ask for recommendations on how to improve it and make it more effective. I suggest making it ongoing and consistent, rather than just at the beginning of an employee's tenure, with a focus on continuous development.

You WILL get a Return on Investment and your employees won’t be calling our team to help them find another position.