Importance of Training and Development in the Workplace

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 companies 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. 

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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 requirements of each person. 

1. 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 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 has a tremendous boost to your employees’ morale and job satisfaction.

3. 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.

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 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.

6. 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.

The Future of Corporate Training

Human Resources Magazine recently published the article ‘A Lesson in Corporate Training‘ where they 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, personalised, 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 minimise downtime, maximise learning and magnify their training investment.

If you’re still relying on only 1-off workshops to train your staff, watch this webinar where I will talk about a blended learning environment that incorporates live training through webinars and advanced learning methodologies to implement a training system that instils change in an organization.

Upskill your most valuable resource

Nothing is more demotivating than not having the skills to excel in one’s role. By providing corporate training for your personnel, you can develop their weaknesses into strengths. Ultimately, allowing for increased productivity, motivation and adoption of new technologies while reducing employee turnover.

We’re the leading corporate training provider in Singapore – and for a good reason. Our diverse range of training courses are interactive, fun, memorable and most importantly, effective.  

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