While the impact often goes overlooked and undervalued by management, employee training is a massive part of the employee onboarding processes and general experiences. It makes the first statement about company culture and sets up an individual’s success.
Do you truly understand the value of your training processes? Or how ineffective inefficient teaching styles are off-putting to employees?
The Extended Reach of Training Programs
You want to make the best first impression with new employees. This gets them immersed in the working environment and work processes faster, making for more effective workers.
Employee onboarding is not the only use of training, however. The ongoing success of your business is reliant on how successful your employees are at executing their jobs.
By investing in a smart training application, like learn2win, you can ensure that every employee understands their job and partakes in active learning courses that help increase job comprehension. This means that if they fall behind in certain areas, your training will now offer further instructions to help improve their understanding.
Training isn’t just crucial for for-profit businesses either, but for non-profit and smaller organizations. A high-functioning training program can help you teach anyone in your organization the essential skills they need, from sports teams to charity organizations.
Shocking Stats to Prove the Value of a Good Training Program
Indeed, employee training does not affect your employee’s experience so intrinsically. Right? Well, according to the 2021 LinkedIn Learning Report, 94% of employees would stay with a company longer if they felt the company had a vested interest in their continued learning. A quarter of the current workforce won’t stay with a company that’s not concerned about their long-term learning and growth within the business.
A business should be concerned about keeping employees engaged with their work, and training is a part of this process. An engaged employee is more interested in working with your company in the long run. They aren’t just working for a paycheck, ready to leave whenever a better opportunity arises. If you invest time and resources into training your employees, they will become better and more loyal workers. However, a study by Gallup reveals that only 13% of employees feel engaged in their work, so you likely don’t have the employee retention you could.
It’s not just about employee satisfaction, though. In a study done by Huffington Post, they found that companies that invested in better employee training had a 24% increase in their profit margin on average. If your current training program isn’t adding this kind of value to your business, you should consider how updating your programs will benefit your bottom line.
Better Training Means Better Business
Stop wasting money and time on training programs that don’t add enough value to your company. Catch deficiencies in learning while they happen, and address issues quickly instead of allowing your employees to remain confused. Even update policies and ensure compliance when you utilize an intelligent training application.
The benefits are clear. Keep employees longer, increase employee satisfaction, and increase job efficiency when you update your training programs.