These days, the most successful businesses are those which continually invest in their greatest asset – their employees.
Did you know that 7 in 10 people say that job related ongoing training and development opportunities impact their decision to stay with a company? 74% also say that they aren’t achieving their full potential at work due to lack of development opportunities so you almost can’t afford to not invest in your employees!
The money you invest in ongoing training and development can reduce your costs down the road. It’s just as important to retain employees as it is to recruit them; high staff turnover means increased recruitment costs, time spent recruiting new staff members and loss of productivity and morale among your remaining staff.
54% of 18-34 year olds now value professional development over regular pay rises. When people earn a fair wage, money becomes secondary to the opportunity for growth and development.
If a person feels they have no chance of promotion in their current role then they are likely to look elsewhere. Honest feedback, goals and opportunities as well as coaching, ongoing training and advancement opportunities help keep employees engaged, and set the tone for creating a happy and productive workplace. Having multi-skilled employees who are able to move up within your company also saves time and money over recruiting externally.
Increased job satisfaction leads to increased motivation. Ongoing training opportunities help employees progress through the company and reach their career goals. This in turn develops strong brand culture and loyalty, leading to growth and profit for your company.
Research shows that recall is two to three times better if ongoing training is spaced out rather than massed together. It’s also important to balance the amount of ongoing training your staff complete. This ensures that it’s of benefit without employees lose interest or struggling to complete their daily tasks.
Ongoing training helps you identify your employees’ strengths and weaknesses and improve their knowledge and skills. It also helps you keep up with industry and technology changes. Business is ever changing and, to stay ahead of the competition, it’s important to keep your skills at the forefront.
At ELAS we provide award-winning, bespoke training courses allowing you to pick and choose what works best for you. From group training sessions at your company or our head office to e-learning, we can tailor any of our courses to meet your requirements. Feel free to give me a call or email firstname.lastname@example.org to discuss your training needs.