The most successful businesses understand how important employee training is to their overall success. A well-designed training program can improve an employee’s knowledge and skill set, which is important to their own development and to the company as a whole. Skills-based training programs are more effective than generic programs because they are personalized to the needs of the participants and the company. These programs can be further improved by incorporating the most recent research, innovations, and best practices.
Sequential learning, or learning that is completed at chronological checkpoints in an employee’s career, helps workers fill in skill gaps, expand their knowledge base, and feel more personally and professionally fulfilled at work. Employees feel excited about consistent training, as they view it as an invaluable addition to professional skill sets. Companies that offer continuous training often attract top talent and have a much higher retention rate. In fact, 76% of workers are more willing to stay with a company if they promise great development opportunities.
High-quality training initiatives also help businesses by increasing output and lower attrition costs, both of which improve a business’s profitability. Businesses that prioritize training programs are able to attract great performers and secure long-term success. It is important to invest in training programs for the benefit of both the company and the individual employee.
Source: YU Global