Now more than ever, the business landscape is ever changing. Businesses need to constantly adapt and fight for their market share.
In order to stay at the top of their game, businesses make sure that their staff have the skills needed. They need to be motivated to push forwards and constantly striving to increase their knowledge, develop new skills and embrace change.
In other words, you need to create a culture of engagement within your company – a culture that shows the willingness and ability of employees to contribute to the success of their organisation.
And training is part of this; it’s a way to get all your employees on the same page, focused on performance and playing a key role in the businesses success.
Without investing in your staff – a key resource, organisations won’t be able to keep up with change, strategies could fail and profits could fall.
It is no longer a question of should you train your staff, but can you afford not to?
Here’s what upskilling your staff will do for your company:
Improve the skills of your existing workforce
Highly skilled employees can help your organisation deliver business impact, for example, increasing productivity, reducing costs, improvements in quality. The right training could take them into other positions within the organisation – positions with better prospects, which in turn keeps them motivated.
Increase staff retention
Investing in your employees will let them know you value them enough to invest in them. As a result, they tend to stay longer and contribute more to your business. Recruiting replacement staff is expensive, time consuming and risky, improving loyalty and staff retention will save you money in the long run.
Motivation and morale
It is widely known that employees are a company’s greatest asset. People are key to success, get it wrong and you may be faced with low morale. Employees work more effectively, creatively, and collaboratively when happy at work. A happy workforce is a 12% more productive workforce. Training increases the wellbeing of employees and reduces absenteeism, mistakes and stress in the workplace.
Staff who feel confident and competent to adopt new technologies and methods
Keeping up to date with technology is essential for any business. Ensuring that your employees are confident to use current technology will not only enable them to do their job better but also ensures that your Company is at the forefront when it comes to the marketplace and competition.
Did you know: Businesses that invest just £50 extra a week on training see increases in profits almost twice as fast as those that don’t raise training budgets?