After subjecting a new employee to initial job training, is there any further need for continuous training investments? Most managers and directors grapple with this issue in boardroom meetings because of its continuing cost to the company. However, if you look past the cost factor, you will realise that standing still is a grave mistake for any business. Moreover, overlooking the continued development of workers, the driving force in a company, is a big mistake.
Ongoing staff training is not only beneficial to the individual but also the company, helping it to continue with its operations successfully. Initial training should be the starting point of a longer-term process. Ongoing staff training is crucial in skill development. It builds up the expertise of the employees within the business thus contributing to the company. Soon, you’ll notice your return on investment within your financial books.
Let’s look at the key reasons behind the need to adopt ongoing staff training.
Keep pace with industry changes
Industries are continuously changing which means businesses in various fields need to be not left behind. Managers and directors should make sure their companies comply with new industry regulations. To achieve this, ongoing staff training presents a good opportunity to polish up your employees’ skills and knowledge.
Stay abreast of technology advancements
Devices such as computers, scanners, photocopiers and computer programs are constantly changing with new upgrades hitting the market all the time. As such, it doesn’t make sense to only conduct a one-off training for your employees. Ongoing training is needed to enable your staff to keep abreast of new technological developments. This knowledge will help them use new technology to work more efficiently.
With your employees continuously updated on the latest industry standards and use of new technology, your business will remain competitive in the marketplace. You may even gain a competitive advantage over your competitors.
Advance employee education
Continuously building upon the basic skills of your employees helps to advance their knowledge of newer, more efficient work processes. This helps avoid the cost of hiring and training new employees.
Unlike new employees, your existing staff can boast of the relevant skills for your operations and are workers that you have previously worked with and trust. Knowledgeable staff members bring more to the table with your business eventually reaping the rewards. At the same time, these employees can be promoted up the ranks and earn better salaries. This is a good incentive to learn. It’s a win-win situation for everybody.
Improved job satisfaction
With the company continuously investing in the training of its employees, staff will experience better satisfaction with their jobs and be more motivated to perform their tasks. In effect, the business will see a reduction of employee turnover and increased productivity, which positively affects profitability. Moreover, it considerably reduces the possibility of your best employees leaving for other companies.
Attract better talent
With the promise of regular employee training, potential qualified talent will be attracted to your company. This is an important feature job seekers look for during their employment search. Since perception is everything, your business will have a good image out there.
Having seen the importance of regular training for existing staff, this begs the question: where do you conduct the training or workshop? Apart from on-the-job training, hiring a training room is a viable alternative. Hiring a dedicated facility for ongoing staff training gives you flexibility. Whether you want a small or large room, tables in circles or rows, a whiteboard to show a presentation or outdoor space, you can have it all. Moreover, change of scenery is likely to have a positive effect on your employees. Staff engagement will also be higher, which help workers enjoy the training sessions. Plus, you’ll be working with a dedicated facility that provides training rooms every day and you can expect excellent service. Book an offsite facility from a reputable training room rental provider in Singapore to enjoy the convenience.
In conclusion, employee training shouldn’t be thought of as a one-off event, but rather as a routine necessity, to help bridge skill gaps and drive the business forward.