Did you know that 74% of employees think they aren't achieving their maximum potential at work?
Trends in the economy and in-demand expertise are constantly shifting. If you ignore your employees' learning and development, you jeopardize your company's future success. Organizational development initiatives expand your company's knowledge base.
Every company should take the time to assess staff training needs, develop a viable solution, and incorporate a workplace learning approach from beginning to end. Let's look below at five reasons why you should implement workplace training.
Employee training teaches new skills or improves existing ones. Training can, therefore, significantly increase productivity and performance.
Your staff members can carry out their work more efficiently and effectively by completing it in less time, thereby increasing customer satisfaction.
As discussed in the previous paragraph, training can directly affect your customers' satisfaction. It is widely acknowledged that keeping current clients is less expensive than acquiring new ones.
Losing a client means losing consistent revenue and potential referrals. On the other hand, a happy customer can reward you twice. Because of this, they are more likely to come back and refer in new customers.
So, having well-trained employees who produce happy clients can save you revenue, generate new income, and expand your client base.
Reduced employee turnover rates can be achieved by investing in professional development and providing career development opportunities.
Employees won't have to look elsewhere to advance their careers, and you'll save money on recruitment expenses.
It's never cheap to hire new people. In fact, replacing an employee can cost 20% of their annual salary! So, it makes sense to keep the individuals you already employ and help them grow.
40% of workers leave their jobs within the first year because they didn't get enough training to grow within the company. Training is valuable, such as:
Training employees regularly helps them grow and gain experience. This makes them potential candidates for senior positions when they open up.
Employee morale will increase if they see that the company is making an effort to invest in them through training programs. Staff members who are given opportunities to learn new skills and become more proficient in their roles will be happier and benefit the company as a whole. In addition, your staff's attitude and performance at work will increase as a result.
Investing in workplace learning is critical for any company looking to succeed.
If you recognize that an effectively trained workforce is more likely to succeed than one that isn't, doesn't it make sense to be a company that trains rather than one that doesn't?
Are you looking to improve your company's workplace training and development? Look no further, book a demo and empower your employees!