Importance of Training and Development in the Workplace

As the sales landscape continues to evolve and grow in ways we could have never imagined just a few years ago, more than ever, great people are still at the core of any company’s success. For this reason, corporate training is vital to keep skills sharp and staff adaptable to change. So keep reading this short article as we will explain six reasons why training and development in the workplace are essential. 

The truth is that hiring the best employees today will not guarantee future success. Facts change, technology evolves, and your industry never remains stagnant for long. You can no longer depend on your employees to keep up with the newest developments on their own. If you want to create the perfect team to drive your business forward, you need to invest in an outstanding training program. 

The importance of blended learning training programs ensures your team members have the knowledge they need to conveniently and inexpensively improve skills. Blended learning does this by combining intense live group training sessions and computer-based individual instruction, which is geared to the requirements of each person. 

1. Performing at a higher level

Decade-old companies are being disrupted and quickly losing market share. It’s important to keep employees abreast of changing industry standards so they can adapt to the times. This helps your company’s chances of getting and, even more importantly, staying at the top of your industry.

2. Ongoing training shows your company cares about your staff’s future

When you offer your team educational opportunities, you tell them that you value them enough to invest not only in your company’s future but also in each employee’s future. This often significantly boosts your employees’ morale and job satisfaction.

3. Closing the personal knowledge gap for each employee

Each employee has their own unique strengths and weaknesses. However, training can help lessen weaknesses and bring everyone to the same level. This means less reliance on a select few employees who do something well, and more of the team will be able to excel at the tasks as well.

Also Read:

• 8 Major Warning Signs Your Sales Team Needs Training & How To FIX Them!
• 5 Ways to Implement Blended Learning
• Creating and Implementing an Effective Training Program
• How to get the Best ROI from Training

4. Providing a consistent level of knowledge for all employees

Whether it is onboarding new hires, basic company procedures, or reinforcing company-wide standards, training reduces mistakes, wasted time on fixing things that aren’t correct, and the confusion that goes with not being properly trained.

5. Corporate training lowers employee turnover rates

When employees cannot do their jobs well because they don’t have the proper training, they feel frustrated. This frustration often leads to workers quitting their jobs, resulting in companies needing to fill the positions. Hiring in today’s market is expensive and typically takes months to complete. Improve employee retention by giving workers the knowledge they need to succeed.

6. Improving your company’s reputation

Becoming known in the industry as a business willing to invest in employee training makes your company much more attractive to the type of job candidates you want to hire. At the same time, an active training program, which includes blended learning, helps you position your business as an organization that values education and believes in innovation and the value of your employees. 

With so many benefits, training is a necessary investment for all companies.

The Future of Corporate Training

Human Resources Magazine recently published the article ‘A Lesson in Corporate Training,’ which tapped the minds of HR leaders in the region to study the coming trends and developments in the learning and development (L&D) arena. One of those leaders included a client of ours in the insurance industry:

“…Yesterday’s corporate training was about classroom learning, conferences, seminars, and workshops. However, with today’s digitally-savvy workforce demanding engaging, personalized, mobile, and immersive learning, it is no longer about HR and L&D functions creating formal training courses but blending a range of formal and informal learning experiences such as mobile and online learning, gamification, and social sharing forums….”

We’re ecstatic to see the learning and development space evolve. This evolution has allowed companies to minimize downtime, maximize learning, and magnify their training investment.

If you’re still relying on one-off workshops to train your staff, watch this webinar. I will discuss a blended learning environment that incorporates live training through webinars and advanced learning methodologies to implement a training system that instills organizational change.