The most successful organisations adopt a growth mindset, one where managers and leaders are invested in growing and developing people and cultivating an expectation for constant improvement within every employee.
Employee training and development is becoming a top priority for many organisations. The corporate world is led by digital transformation and under such a climate, the way the employees do their job is continuously changing.
It demands an employee to be dynamic, and adaptive to their job. What might have been relevant a year ago may not be relevant now. Hiring the right candidate could be a costly affair for an organisation but training and developing your existing employees is not.
Moreover, employees these days refrain from switching jobs so long as the company proactively trains them and pushes them for a challenging role.
Since training and development is beneficial for both parties it makes sense for businesses to enable an environment of employee training and development. It will not only add to growth of your employees but also the growth of the organisation.
Employee training and development is a method used by companies to increase efficiency, productivity, and performance of the employee by enhancing the knowledge and skills.
A report by the Charted Institute of Personnel Development (CIPD) emphasised the need to bridge the gap between education and work, describing as a critical factor to the growth of any organisation.CIPD said educating workers would boost employee effectiveness and also raise productivity.
An economist, Mr. Tunde Oyediran said that “the period we are now has thrown many curve balls, from personal life through to business development we have all been forced to re-evaluate how we do things. One thing is for certain when we talk about organisations: the need to focus on workers is more important now than ever.”
He noted that HR and managers should work together throughout the entire employee lifecycle to continuously develop and build high-performing teams, saying that there will also be an opportunity to improve the effectiveness and success of employee workplace learning, especially in developing countries.
He pointed out that organisation should train their employees so that their skills and capabilities match the requirements of the company and can therefore add value.
Benefits Of Employee Training And Development
Helps Acknowledge Weaknesses: Organisations usually check flaws in their existing training and development programs before designing the new one. It helps to plan the employee training program in a better manner when these are acknowledged.
Increases Employee Engagement: When a company provides job-specific training and career development skills, the employees tend to focus more on their job to utilise the acquired skills.
Improves Employee Performance: The performance of the employee increases by leaps and bounds when they are trained properly in line with the development plan. They start to enjoy their job and feel more confident than ever which plays a vital role to boost the performance of the employee.
Drives Job Satisfaction: Once the performance is increased, the employee starts to achieve their goal efficiently. Further, they feel good to be part of a company that enables growth by providing them with the necessary skills. All this amounts to employee satisfaction.
Builds Loyalty, and Motivation: By providing the necessary training and growth opportunities, the association between employee and organisation turns into loyalty.
Boosts Creativity: If the employees are trained regularly, they get to a state where the can use their skills to innovate and bring creativity to their job.
Helps Overcome Skills Gap: As technology and business ecosystems are changing regularly, training your employees will help you to overcome skill gaps and help you get better results out of the existing employees. It is better than hiring new employees as hiring is a costly-affair.
Gives An Edge Over Competition: Having an effective training program not only helps you to empower your existing workforce but also creates an opportunity to get top talent from your competitors.
Increases Profits: The main objective of training and development is to boost profits. Once employees become effective, productive, loyal, creative, and satisfied, it positively impact profits automatically and the company can witness return on their investment.
