In today’s constantly changing marketplace, the importance of workforce training has never been greater. Training has the ability to not only increase workforce efficiency and productivity, but it can also help ensure more consistent process adherence. Once this consistency is achieved, it is easier for an organization to project outcomes and meet goals and targets. It is also an indispensable way to keep organizations competitive.
Skills/knowledge gap within the business
With new technologies comes new skills required to take a business forward. Having a high quality and comprehensive employee training program enables you to strengthen the skills your workforce does possess, as well as build up knowledge in areas it is lacking.
Mismatched business goals
Look at your business objectives: any training that contributes to these objectives may be a priority. Examine each goal, and assess which aspects are lacking or performing below the desired standard. Identifying these key areas will show where to place the biggest emphasis and align training to match business goals.
Support workforce planning
Workforce planning is the process of finding out how a business will meet its labor requirements both now and in the future. Training is what makes available experienced and capable employees to assume senior roles when needed. Furthermore, increasing the talent pool reduces the inherent risk of employees perceived as “irreplaceable” leaving the organization.
Increase employee value
Effective training can be used to “upskill” or “multi-skill” employees. Upskilling involves extending an employee’s knowledge of an existing skill, providing more expertise on the subject, whereas multi-skilling is the process of training employees in new or related work areas to increase their usability. Employees with diverse skill sets can perform a variety of tasks and transition more easily into other roles within the organization.
High attrition rates
Investing in the development of employees can reduce attrition. Well-planned training can provide career pathways for employees, increasing retention within the organization rather than a trend of employees seeking next-level opportunities elsewhere. Another benefit of training is a reduction in recruitment costs.
Don’t ignore the signs. Training and developing your employees could be critical to the future of your organization. When everyone gets better, everything gets better!
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