Quoting the famous words of Peter Drucker - the father of Business Development, "The only sustainable competitive advantage is an organization's ability to learn faster than the competition." Employee training has become necessary to survive in today's highly competitive and evolving world.
Over the past few years, employee training has emerged as one of the most crucial elements of corporate strategies. Many businesses have realized the potential of employee training and invested in it. Employee training and development not just drives motivation but also enables workforces to attract top talent.
Have you ever wondered what can happen if you don't train your employees?
According to a survey, "59% of millennials claim development opportunities are extremely important when deciding whether to apply for a position." While the figure shows its impact on business performance, lack of employee training & development programs also affects team morale, finances, and the ability to attract and retain top talent. Especially if you are targeting the millennial workforce.
Strong development and learning opportunities are considered the most compelling opportunities when trying to appeal to the best talent in the market. However, the advantages of employee training are not limited to these only.
This blog further talks about employee training, what happens when you don't train your employees, why it is crucial, and how to do it effectively?
What Is Employee Training?
As the term signifies, employee training is a program that focuses on training and providing employees with specific knowledge and skills required to facilitate their job effectively in their current role.
It initially begins early in the career, usually on the very first day, then continues throughout the employees' journey. As a renowned corporate coach, Mrs. Samira Gupta has seen and driven revolutionary changes in business with just the right training strategies. Employee training doesn't just benefit your employee but also strengthen your business as a whole.
Key focus areas of employee training are
- Soft Skills Training
- Communication Skills Training
- Business Dressing & Grooming Etiquette
- Luxury Selling Skills
- Image Makeover
- Winning Presentation Skills
- Leadership Retreat
Soft skill development can bring loads of positive changes across the organisation, making it a good value for your investment. It doesn’t just slash cost on employee training and retaining but also make the environment peaceful and productive.
Now you may know what can happen if you don't train your employees. Need more simplification in this? Keep reading to know what may come next if your employees are not trained.
Consequences Of Not Training Your Employees
An organization might save a few bucks by doing so but lose millions in the form of the highest turnovers, reduced production, and much more.
Here are the consequences of not investing in employee training.
When there is no training or development, employees lag behind the advancement and fail to do their job efficiently. It ultimately leads to a low morale rate, which results in high turnover.
Unskilled employees can spend hours seeking help from their seniors, which ultimately affects the productivity of both the new employee and the experienced one to whom the training task is delegated.
Inefficient Staff Management
Since employees count on their managers to resolve their issues, it becomes disillusioned when they fail due to a lack of knowledge. It is perhaps the biggest consequence of not training your employees.
Loss of Customers
Low sales is another disadvantage of not training your employees. Untrained employees lack the knowledge and skill to render quality services, which hinders them from offering satisfactory services. It leads to a decline in the company's sales graph and permanent loss of customers most times.
Employee training is vital for any business, regardless of its industry and vertical. The types of training might vary, but the benefits, in general, will remain the same, as mentioned below.
Easy Employee Training Methods To Implement At Your Workplace
Ever seen your manager influencing your team more than you? Yeah, that’s where he casts the soft skill spell. If you too want to be successful in your career, you need more than just technical skills.
While hard skills related to your technology and process play a vital role, soft skills help build and foster a healthy relationship with the team. Yes, you can say that soft skills complement your hard skills. While there are many ways to develop soft skills and corporate etiquette, we would help you with a tailored solution that better fits your organisational and workforce needs. Here’s how it goes.
Workshop and Training
Hands-on, interactive training programs are seven times more effective than simply reading or other learnings. Our corporate training and workshops can be tailored to your needs and help your executives develop leadership principles, management essentials, and soft & interpersonal skills such as communication, dressing, and grooming as well. In our uniquely curated high-impact business workshops, we ensure the involvement of all participants to help them recognize their potential and performance more effectively.
Our instructor-led corporate training webinars and seminars help you with a convenient way to immediately boost your employee confidence and tap into their optimal efficiency. These are helpful in sharing insights, ideas, and best practices to fill the gap and strengthen your talent. With interactive content and a proven approach, we help your team keep motivated and stay afloat.
Hybrid corporate training is much more like an investment than an expense. In this approach, we coordinate with the thought-leadership of your organisation, identify where they lack, and address their concerns effectively by providing the right training they need. Companies spend thousands of dollars on corporate training without knowing if it works. Our group training, accompanied by one-on-one coaching eliminates this. We frequently follow up, review, and conduct quick face-to-face feedback sessions to ensure the fruitfulness of the efforts.
Advantages of Training Your Employees
To fully understand what can happen if you don't train your employees, it is vital to know the significance of training your employees. We have mentioned a few advantages of implementing employee training at your workplace.
Increased Employee Performance
Increased employee productivity is certainly one of the biggest advantages of employee training. If executed professionally, it can do even more. Training provides the employees with the right skills and knowledge they need to perform any task of responsibility at the aptest. Additionally, it empowers them to deliver exceptional results that positively impact the business.
Employee engagement is often associated with higher productivity - it is as simple as described. Throughout the training session, you will engage your employees, making them feel that you care about your employees. This makes them even more emotionally associated with your business, perhaps for a more extended period.
Higher Employee Retention
Reports have found that lack of personal development and learning opportunities has always been a major issue leading to job dissatisfaction and early existence. Employee training can better address this concern, as it provides plentiful opportunities to get more insights into their current job and learn a lot more.
When your employees are properly trained, fully aware of their roles and responsibilities, they will work responsibly. Apparently, they will require a low level of supervision, allowing you to devote those resources to more important and strategic endeavours.
Eliminating Internal Weaknesses
Failure to recognize and address internal weakness is hazardous for any organization, regardless of its size and type. Employee training overcomes this but educating your employees on important subjects helps avoid falling into such situations. Additionally, it paves the path to build a knowledge-sharing environment which is beneficial for both.
With such great results, employee training has become the need of an hour for today's businesses. Wondering how to get started on training your employees? We have mentioned a few easy ways to do so.
While it seems fantastic to have so many options to choose from to empower your employees, making a final decision can be challenging. Why don't you let us assist your employees with personal and professional development? Interested to know more? Give us a call right away!