Posted by Robert Half on 07 July 2013
Workplace training may cost your business financially, but the benefits will be well worth the outlay.
‘We don’t have the time’. ‘We don’t have the budget’. There will always be a reason (or excuse) for staff training and professional development activities to be pushed to the bottom of a company’s priority list. But they should actually be considered essential ongoing initiatives because they don’t just keep your employees’ skills current – they also boost productivity and job satisfaction.
Employees who feel their company is invested in their careers are likely to stay longer and work harder. Plus, providing targeted workplace training enables your staff to become more versatile and increase their contributions to the firm— a benefit for everyone.
Here are a few tips to help you implement staff training in your business.
Find the hot spots
Identify the skills that will be most valuable to your team in the near term and the future, and invest in training in those areas.
Training employees to manage diverse projects can help staff develop new skills and stay motivated and engaged in their work. Not only does cross-training improve the group’s bench strength, but occasionally taking workers out of their comfort zone also helps keep complacency and boredom at bay.
Mentors help less experienced professionals reduce their learning curve, adapt more easily to the corporate culture and make substantive contributions more quickly. People serving in mentoring roles gain leadership and training abilities, which increases their value to your organisation. They may also feel increased job satisfaction from helping others.
Take advantage of institutional knowledge
Some firms save money on training by having classes taught by managers from within the firm or recently retired employees. This approach offers many of the benefits of mentoring but on a broader scale.
Pass it along
If you do pay for employees to attend a seminar or conference, get the maximum from your investment dollar by asking them to share what they’ve learned with others on your team. This can be accomplished through a report outlining key details from the training session or a discussion during a staff meeting.
Training and personal development opportunities are among the most effective ways businesses can retain valuable staff, increase productivity and instil company loyalty.