THE IMPACT OF WORKFORCE TRAINING TO YOUR BOTTOM-LINE

 

Training is one of the most costly decisions an organisation would have to make. First of all, there is really no time to train an employee and we are all busy people and secondly, there is a problem of finance. How do we even get the funds to train and if at all we do, are the employees retain-able? Would they not leave?

The truth is training your workforce costs a lot of time, money and materials but in the long run, it is absolutely worth it. Regardless of what its costs might be, workforce training is a crucial part of an organisation’s success.

Here are some benefits to training your workforce

  • Increased knowledge: Without a doubt, training increases the collective knowledge of the workforce in an organisation and you can be sure that it would increase the level of productivity in that organisation. Training workforce on maybe a software or softskill that they essentially need to use every day or one that makes their job easier would speed up the rate at which they get things done.
  • Establishes a consistent quality culture: Training adds quality to an organisation. A quality that exists due to specific processes and conscious deliberate habits develops over time. This allows the entire organisation to run effectively and even create their unique values and systems.
  • Makes “recruiting the skilled” more appealing to the skilled: The skilled professionals that every company looks to recruit honed his/her skill by training and doing. Therefore, a company with a culture that trains her workforce regularly stands a higher chance of attracting these skilled professionals as they are looking for an organisation in which they would be able to further learn, grow and boost their career.
  • Retention is guaranteed: Hiring great employees from research has been seen to be hard and probably retaining these employees can be even harder. Job satisfaction is one crucial element every employee desires. They would stay in an organisation that is interested in the development of their staff,one that makes them bring out the best version of themselves.

 

What if we train them and they leave? What if we don’t and they stay?

This is one of the major arguments in the business world. It can be difficult to justify money spent on staff training, particularly in part-time or casual positions. However, it is important to think of the risks of an untrained employee from day one of their employment. The risks could be: low production value; inefficiency; lost time and money due to avoidable errors; increase in expenses; poor customer service; low customer retention to loss of customers, all having a huge negative impact on your bottom-line.

It is important that every organisation sees trainings as an investment rather than as a cost.

 “Train people well enough so they can leave, treat them well enough so they don’t want to.” – Richard Branson.

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