We are in the middle of a pandemic, so naturally, the first thing to go when money tightens is employee training. The thing is, it’s not the smartest thing to remove from your budget. You need staff that can handle the fallout of COVID-19 and if you cancel out employee training and have no budget for it, are you making the best use of your resources? We don’t think so!
You need to remain a leader in your industry, and your employees are a direct reflection on your leadership. Ensuring that they have access to training and a comprehensive learning management system to keep on top of their skills is an investment in your staff and their well-being as much as it is an investment in your own business. Remember, any skills your employees learn will come back to your business as they implement their knowledge in their work. Below, we’ve put together some reasons that employee training shouldn’t be on your hit list when your budget tightens up.
- You are going to support a low turnover in your business when you offer employee training. They will be able to feel comfortable about keeping up with your business, and they will feel respected if you are offering training that they can take advantage of. Training is one of the big perks that people look for when they take a new job, so if you’re offering extra education, your staff will appreciate it!
- The provision of ongoing training and support is going to offer your staff the chance to be better and more capable employees. If you enhance your talent pool you reduce the risk of anyone being irreplaceable – this will go a long way to ensuring that you’re not left in the ark when someone moves up the business or moves on.
- Training is going to help you to upskill your staff. They will be able to use their existing knowledge to improve your business. If you multi-skill your staff, you can ensure that they are usable within your organization. Diversity in skills means that your staff are going to be able to offer your business value – and you’ll then offer better value to clients.
- Employee retention is so much better when you are offering comprehensive and targeted training plans. People feel wanted and you are going to reduce your recruitment costs as a result. The better people feel about working for you, the more they will pay attention to what you’re selling to clients and do better for it in the long term.
- When you train your staff, you ensure that they are more efficient in the roles you are paying them for. They can complete their daily work tasks and you can be more consistent as a business.
- Lastly, your business is going to exceed the industry standards in all ways when you invest in employee training. So many businesses operate in a saturated market, but with the right training you can be a bigger fish and shrink the pond!
Photo by Christina Morillo