Talent investment is actually good for business. With the dark-hanging clouds of the Covid-19 pandemic finally clearing, business organisations around the globe are leveraging on talent management and investment to drive aggressively a thriving recovery post-pandemic phase. In this article, I will be sharing with you the benefits of workforce training for organisations.
It is an established fact that the biggest asset of any business is its employees, hence the need to place a certain premium on talent investment, especially through training and development programmes. The rapid development and advancement in innovation and technology are among the factors pushing the need for employee training and development to the front burner. We have also seen the swift adoption rate of these innovations in technology especially post Covid-19.
For instance, the central prominence of digital marketing in the sales and marketing world is a result of both the advancement in artificial intelligence and a widespread digital-social culture heightened during the pandemic period. These social and technological changes are also leading work culture and performance changes in business organisations. And the surest way of harnessing their benefits and staying relevant in one’s industry is through talent investment and management.
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How to Know When Your Workforce Need Training and Development
Every business has its unique needs and challenges; as such, workforce training and development may vary according to specific areas and functions in each organization. Here are some tips to help you identify when to make that call for your employees’ training.
- When there is a knowledge or talent gap in your organisation.
- When your organization needs performance improvement in certain areas or functions.
- When there is a need to address specific skill gaps.
- When your company needs to train employees in specific programs.
- When your organisational processes are undergoing technological updates and upgrades.
- When your organisation needs to tailor personalised strategies for each employee or workforce teams.
Common Examples of Training and Development Programs for Organisations
- Computer software skills
- Customer service Improvement
- Business Operations Management
- Corporate Communications
- Health and Safety Compliance
- Workforce Performance Improvement.
Benefits of Employee Training and Development
1. Capacity Expansion for New Technologies Adoption
Talent investment through training and development of your workforce offers a tremendous advantage, especially in the area of adopting new models, processes, and technologies. Much more than routine training, forward-thinking organisations do put in place strategic capacity-building plans in place for their staff members.
This can come in the shape of consistent up-skilling of your workforce through well-planned programmes and activities. And the result of such an investment will clearly show in their capacity to quickly assess and adopt the latest industry-relevant technologies and innovations.
2. Evolve or Die
Rapid changes in industry rules and regulations as a result of fast pace technological advancement call for strategic positioning. This means that business organisations must intentionally position themselves to stay ahead of the stiff competition often seen in most industries. And this can be easily achieved through workforce training.
3. A Boost in Job Satisfaction and Morale
Employee training and development will boost the morale of your workers and this will in turn foster job satisfaction within your workforce. Because motivation is a key factor in value delivery, your workers will put in the extra effort required to create value for your business when they know that you are helping them to grow and improve their skill-set.
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4. Lower Employee Turnover
One of the major ways to retain your skilled employees as a business owner is to invest in their training and development. This investment will always be worthy of your efforts when situated within the context of the potential resource loss averted due to decreased employee turnover.
5. Attract High-Calibre Talent for your Organisation
When you prioritize employee training and development as an organization you set a recognisable benchmark that draws in top-level talent to your organisation. This is so because top skilled job seekers consider employee training and development as a major benefit and priority for their career advancement.
In addition to the above listed benefits, your business organisation stands to gain from:
- Reduced errors
- Reduced equipment downtime
- Reduced customer turnover
- Increased revenue generation
It is in recognition of this obvious gap in knowledge and skills acquisition and utilization in the workplace that Entrepreneurs.ng – your one-stop hub for Entrepreneurs has stepped up and developed tailored to fit need-based courses aimed at helping your organisation run more productively.
At Entrepreneurs.ng we curate insights, experiences, and information that inspire, inform and educate. We are connecting entrepreneurs, their offerings, and the marketplace… Indeed, we are making business happen.
See also, 15 Small Business Startup Costs And How To Reduce Them.
Business Training Course Content
Some of our business training packages include:
- Leadership that drives Productivity among Teams
- Driving Business Growth through Operations Management
- Driving Customer Acquisition & Retention through Customer Service
- Creating a formidable Business Model & Strategy
- How to setup Facebook & Instagram Ads Yourself
- Effective Email Marketing Operations
- Content Calendar Development for your Social Media Platforms
- How to Create World-class Designs using Canva
- How to Sell like a Pro
- Legalities of doing Business in Nigeria
Why You Need to Outsource Your Workforce Training
Cost Reduction
Meeting the training and development needs of organisations today usually, requires bespoke training programmes that usually take a considerable amount of skill and technology. We have both the talent and the tools in place to deliver value-infused training programs quickly at a low cost.
We also help you cut costs by aligning your training programmes’ learning objectives with your company’s business strategy in order to maximize impact.
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Faster Turnaround Time
Sometimes and due to unforeseen circumstances, organisations may need to train their workforce on new procedures or policies within a very short term. And this can be challenging for some organizations’ learning and development teams to quickly hit the road running. Outsourcing the training workload can be a great and effective solution as we have the capacity to quickly put together our team and go to work.
Access to Expert Talent
When you outsource your training needs to a training service provider, you gain valuable access to industry experts with a considerable level of specialty in various fields.
As a training service provider, we focus on training and development trends, tools, and strategies full-time so that you and your team can focus on your core objectives of running your organisation.
You can learn more about the benefits of workforce training and talent investment in this blog post: The Importance Of Business Training For Your Employees.
