Training isn’t just important to any company, it is vital.
Although there are many categories of
training such as management training and
or sales training, employees with Project
Management skills are an important asset
to any organization.
Training presents a prime opportunity to expand the knowledge base of all
employees, but many employers in the current climate find development
opportunities expensive. Employees attending training sessions also miss out on
work time which may delay the completion of projects.
However, despite these potential drawbacks, training and development provides
both the individual and organizations as a whole with benefits that make the cost and
time a worthwhile investment. The return on investment from training and
development of employees is really a no brainer.
But what does training and development, mean to your organization?
So what are the benefits?
1. Improved employee performance – the employee who receives the
necessary training is more able to perform in their job. The training will give the
employee a greater understanding of their responsibilities within their role, and in turn
build their confidence. This confidence will enhance their overall performance and
this can only benefit the company. Employees who are competent and on top of
changing industry standards help your company hold a position as a leader and
strong competitor within the industry.
2. Improved employee satisfaction and morale – the investment in training
that a company makes shows employees
Employees may gain access to training they wouldn’t have otherwise known about or
sought out themselves. Employees who feel appreciated and challenged through
training opportunities may feel more satisfaction toward their jobs.
3. Addressing weaknesses – Most employees will have some weaknesses in
their workplace skills. A training program allows you to strengthen those skills that
each employee needs to improve. A development program brings all employees to a
higher level so they all have similar skills and knowledge. This helps reduce any weak
links within the company who rely heavily on others to complete basic work tasks.
Providing the necessary training creates an overall knowledgeable staff with
employees who can take over for one another as needed, work on teams or work
independently without constant help and supervision from others.
4. Consistency – A robust training and development program ensures that
employees have a consistent experience and background knowledge. The
consistency is particularly relevant for the company’s basic policies and procedures.
All employees need to be aware of the expectations and procedures within the
company. Increased efficiencies in processes results in financial gain for the
5. Increased productivity and adherence to quality standards – Productivity
usually increases when a company implements training courses. Increased
efficiency in processes will ensure project success which in turn will improve the
company turnover and potential market share.
6. Increased innovation in new strategies and products – Ongoing training
and upscaling of the workforce can encourage creativity. New ideas can be formed as
a direct result of training and development.
7. Reduced employee turnover – staff are more likely to feel valued if they are
invested in and therefore, less likely to change employers. Training and development
is seen as an additional company benefit. Recruitment costs therefore go down due
to staff retention.
8. Enhances company reputation and profile – Having a strong and
successful training strategy helps to develop your employer brand and make your
Training also makes a company more attractive to potential new recruits who seek
to improve their skills and the opportunities associated with those new skills.
Training can be of any kind relevant to the work or responsibilities of the individual,
and can be delivered by any appropriate method.
Recent research outcome reveals that organizations that invests in training have
between 15% – 25% improved performance over others This confirms the saying that
organization is as good as those who make it up.