Management Fix
By definition, training is the process of increasing the knowledge and skills of the workforce to enable them to perform their jobs effectively. (1) Training investment assures we create the conditions for the increase.
Training boosts a feeling of value in employees. It shows that you’re committed to providing them with the resources needed to ensure they’re doing a good job. In turn, they’re more likely to enjoy their work and remain in your organization for longer. It also nurtures them further in their career within your organization. One of the most significant benefits is that you’ll have more opportunities to hire from within, reducing recruiting and onboarding costs for your business. (2)
Training presents a prime opportunity to expand the knowledge base of all employees, but many employers find the development opportunities expensive. (4)
Here are the main reasons why training and development in the workplace are essential:
- Better employee performance
- A broader understanding of the business
- Lower staff turnover
- Higher employee engagement
- Develop the business
- Improve your bottom line (3)
- Support succession planning.
- Increase employee value.
- Reduce attrition rates.
- Enhance operational efficiency (5)
