When you run a team of fabulous employees, you get to know them and realise that they all have their own incredible sets of skills and strengths. When you nurture those strengths, you see them thrive – but of course, nurturing individuals as a company can be expensive and time consuming.
That’s why many companies decide against investing in their employees’ personal development. Training employees beyond what is necessary is often deemed financially irresponsible – but in this blog, we’ll make the case for investing heavily in your employees’ training.
Here are 5 key reasons for your business to invest heavily in employee training.
Millennial and GenZ workforces need to feel valued.
The old days of relentless grind are on their way out. Fact. Millennials make up most of today’s young workforce, and Generation Z are starting to enter the building, too. This means that to make the most of talented young individuals who come to work for you, you need to be sure that you are investing in them so that they feel valued.
Offering further training and development opportunities such as okr training can be not only beneficial to the individual’s professional performance, but it will also make them feel valued at your company. The more you can offer them reasons to stay, the millennial workforce will give back with hard work and dedication.
Your business will reap the rewards of this training.
When you invest in people, they will give back to you. Of course, there’s always the risk that your employees will take this knowledge elsewhere, but this is a risk you can take – the majority of them will use their skills to better your business. The daily improvements might be tiny, but you will be able to measure them over time!
The better trained your team members are, the more easily you will cut above the competition. It’s as simple as that. If you want an A Team, you have to create it, rather than expecting people to excel without the necessary support from you and your companing.
Training and mentorship doesn’t have to cost an arm and a leg to be successful.
It is always assumed that learning and development, mentorship and training will cost a fortune. Of course it costs money – everything does. But when you think about the benefits to your company over time, this investment will come back to you many times over.
Plus, as a business leader, you can offer personal mentorship that costs nothing but a little bit of time. Personally mentoring team members under your wing can be truly transformative to a person’s confidence, productivity and general demeanor at work.
Further training boosts productivity and professional performance.
Productivity has been a big conversation lately, due to the recent findings that working from home during the COVID-19 pandemic has boosted productivity across the board. Equipping your team members with new skills, be it professional, social, technical or other types of skills, will only serve to make them more productive in their job.
Often, ability is a mindset. If a person is more qualified to do their job at a high level, their confidence and general mindset will be enhanced, leading to greater productivity and motivation to do the job at an excellent level. You will find the demeanor of a person shifts into a more positive one, shifting away from a potentially stagnant or negative mindset coming from a person who finds their job too hard.
You are likely to retain talent if you invest in it.
If you find individuals who you want to keep in your company, it’s time to invest in them. Talent can be difficult to find, so landing an amazing recruit is a very big moment for your company. You don’t want your new team members to feel as if many promises were made to them during the interview process, only to be let down once they actually start working for your business.
That’s why consistently investing in talented individuals through programs, training, mentorship and perks will ultimately result in them choosing to stay with your company. Retaining talent is a big challenge, especially if you are a small business – you don’t want your talented people to be poached by larger companies who can wave giant pay packets at them.
Investing in people has never been a waste of time. You will boost morale, increase productivity, keep employees happy, and ultimately create a better working environment for all people in your company.