Great people are at the core of any company which is why ongoing corporate training is vital to keep skills sharp and staff adaptable to change. Here are 5 reasons why ongoing corporate training should be implemented in all companies.
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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 improve skills both conveniently and inexpensively. Blended learning does this by combining intense live group training session along with computer-based individual instruction which geared to the requires of each person.
Performing at a higher level
Decades 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 with the times. This helps your company’s chances of getting, and even more importantly, staying at the top of your industry.
Ongoing training shows your company cares about your staff’s future
When you offer your team educational opportunities, you are telling them that you value them enough to invest not only in your company’s future but in the future of each employee. This often has a tremendous boost to your employees’ morale and job satisfaction.
Closing the personal knowledge gap for each employee
Each employee has their own unique strengths and weaknesses. But training can help lessen the weaknesses and help to bring everyone to the same level. This means less reliance on a select few employees who do something well as more of the team will be able to excel at the tasks as well.
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.
Corporate training lowers employee turnover rates
When employees are unable to 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 the need for companies to fill the position. Hiring in today’s market is not only expensive but typically takes months to complete. Improve your employee retention rate by giving workers the knowledge they need to succeed.
Improving your company’s reputation
Becoming known in the industry as a business which is willing to invest in training for its employees 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 to position your business as an organization which values education and believes in innovation as well as the value of your employees.
With so many benefits, training is a necessary investment for all companies.
- Tom Abbott is the author of 'The SOHO Solution' and 'Social Selling' and the creator of the online sales training platform SOCO Academy. Sales leaders engage Tom for his proven solutions to building high performance sales teams that exceed targets and for motivational keynotes that energise their audiences.