Training and Development
In the past, we’ve identified training and development as key to increasing employee motivation and loyalty, and developing people to retain as long term assets to the company. To elaborate on that, here we’re going to explore exactly what the benefits are to both employer and employee, and how to ensure the best quality training and development for your team.
Benefits to your business
Training helps employees to learn more specific knowledge and improve or optimize skills in their current role. Development focuses on an employee’s growth and their future performance rather than just their current job role. Both training and development help people to improve their individual performance and become more valuable to your business.
- Good workers can be hard to find. Offering good development opportunities makes it more likely that you will retain them once you’ve found them and use their talents to grow your business. Good employee development is a major focus for companies marked out as top employers.
- Training and development can help a business on its strategic path. Keep your employees up to date on skills relevant to your future plans and gain a competitive advantage in the marketplace.
- Grow your profit by having well trained, motivated employees.
- Train people to work across departments in case you find yourself short staffed.
- Increase productivity thanks to a well trained and briefed workforce. Staff who understand the goals of the company and are familiar and comfortable with policies and procedures will be more productive
Benefits to the employee
- For job seekers, the opportunities for training and development are a major focus.
- A well trained individual with good development plans will feel more motivated, show increased engagement and will reach a good level of competency in the job more quickly.
- Employees will have a greater sense of job security if they feel their role is being developed
How to ensure the best training and development for your team
- Develop a Training Needs Assessment to establish what needs to be learned or honed and how to prioritise the learning.
- Involve employees in the assessment process. Ask them what they can contribute and what they wish to learn.
- Distinguish critical knowledge from ‘nice to know’ information.
- Most training and development takes place on the job by offering increasingly challenging assignments, mentoring and developmental feedback. Managers therefore have a direct key role in the process.
Training and development offers important benefits to both businesses and individuals. Top companies invest in it because they know that this investment is worthwhile.
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