One of the aspects that helps a company thrive is the people who work in it and for it. Training these people as the company sees fit is irrefutably important.
Tom Cohen says, “A good employee is like a four-leaf clover, hard to find and lucky to have.”
Why not just make one instead? An employee can be made great, extraordinary even with training and development.
The search for a ‘good’ employee can be tiring and incessant. Even after finding one, there’s no guarantee that they will fit the company’s needs or get accustomed to the workings.
What’s best, in this case, is, ‘creating’ a fitting employee. Creating the asset as you deem right. In this way, the manager knows that they can rely on the employee blindly and trust them with the necessary tasks.
Some perks of training employees are as follows :
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Great Return On Investment – Perhaps the most impactful aspect of employee training is it’s a beneficial effect on your business’s growth. Simply put, better-trained employees make more productive team members that serve your customer better which further results in more profits. Hence proving the cost spent on training is usually recovered and multiplied by profits achieved.
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Less Supervision – A trained employee is skilled and accustomed to the company’s work and needs. Training improvises their already existing skills and makes them better at their job. They won’t need a helping hand constantly. Training makes them efficient and capable.
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Adapting To Change - Constant Learning and training keeps an employee productive and engaged. He is incessantly engaged with the market and consumers and thus knows of minor to major changes happening and is ready to face them.
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Employee Retention - Losing employees costs time and money. It costs much more than recruiting and onboarding new talent. Investing in employee training and development programs help you cultivate, retain and attract top talent, reducing turnover and hiring costs. When the team members feel your company is investing in their careers, they are more likely to stay.
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Enhanced Company Image - Organizations that provide training programs enjoy a good employer branding. Did you know Amazon provides an intensive, month-long training and leadership program prior to hire? A ‘virtual contact center’ trains employees to work from home. Amazon understands that to be successful in this rapidly evolving environment, it is imperative to promote employee training and development.
10 companies with awesome training and development programs
What exactly are Learning Management Systems?
An LMS, or Learning Management System, is a collaborative platform used by professionals to create, manage, and deliver learning and developing materials.
Learning Management Systems can also be used for communication among employees and trainers and to supervise and track employees’ performance in training programs. Until recently the word ‘ training ‘ directed our minds to classrooms with an instructor giving lectures or in the case of ‘corporate training’, we would imagine day-long workshops or seminars. This is the traditional way of training. With the course of time, of course, it has now been digitized and made more convenient. Especially now, when connecting online is a lot easier than connecting in person. One should consider investing in a functional LMS for numerous benefits, including but not limited to the following.
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Save Training Costs: It’s cost-effective to invest in LMS software once and use it for all your training programs instead of organizing different events.
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Train No Matter The Distance: Remote employees shouldn’t have to miss out on important training opportunities. Whether they work from home or another location, you don’t have to spend time and money to bring everyone in the same room. Virtual training helps build learning programs even when far.
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Track Results: Measuring the success of the learning program requires a lot of work. But an LMS takes some of the burdens away from you. Most LMS platforms generate metrics about user engagement. You can also use LMS reports to evaluate your courses based on how well learners are doing on follow up tests and assignments.
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Promote A Culture of Continuous Learning: Now training won’t be just a box you tick off your to-do list or a one-off event. It’ll help your employees, and your company continuously improve and adjust.
It’s abundantly evident that an LMS Is very important for the growth and betterment of a company. However, in the long run, as helpful as this is, it’s not enough for organizational growth. Along with getting better at their jobs, employees also need to be motivated, appreciated, valued, and understood. A happy client will bring happy customers who will therefore bring great profits.
About The Author: Nicole Varghese - Content Writer
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Pioneer Management Consultant Pvt. Ltd - 25Years+ experience in Recruitment Domain
Executive Search | Contract Staffing | Diversity Hiring
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