![]() There are countless benefits to training employees. Ongoing training ensures that everyone is in the know about new products, services, best practices, and more. Keep teams up-to-speed with changes and updates: Organizations grow and evolve over time, and your employees need a way to keep up with these changes. This can unlock greater levels of efficiency, agility, and value for your organization. It’s important to provide technology training for employees so they understand how new tools work and how they help them do their jobs better. Navigating digital transformation: Digital transformation has driven fundamental changes across nearly every industry. This ensures that employees understand the laws, policies, and regulations they must adhere to. Meet compliance standards: If your organization is part of a highly regulated industry such as financial services, asset management, or healthcare, your employees must complete mandatory compliance training. Technological skills and digital fluency.LinkedIn found that the top skills cited by professionals are: Additionally, seasoned employees need ongoing training in order to improve - and keep - their skills up-to-par over time. This includes company and role-specific training.Įquip and improve skills: Skill development is an important aspect of every training program because new employees need to learn technical and soft skills. Let’s take a look at some of the most common training objectives.ĭeliver essential knowledge: Training is one of the most effective ways to equip employees with the knowledge they need to be successful. Top-performing companies, on the other hand, understand that it’s important to deliver consistent and ongoing training. ![]() Some organizations only rely on training during periods of employee turnover or when there is a significant change to the business. While training and development aren’t exactly the same, they go hand-in-hand because they help employees develop the skills they need for their jobs today, as well as tomorrow. ![]() Development activities are based on each individual’s career goals and areas of improvement that help them take the next step in their career. Training also focuses on specific areas of knowledge that employees need to fulfill day-to-day tasks.ĭevelopment focuses on the career progression of every employee. Training refers to the process that companies use to teach employees skills they need for their current job. So before we jump into the specific benefits of training, it’s important to understand the main differences between training and development. ![]() It’s easy to use the terms training and development interchangeably. The difference between training and development By embracing training and development, organizations can dramatically reduce employee turnover and increase their talent ROI. A study by Glint found that ongoing training and development is one of the top factors that employees say defines an exceptional work environment.Įmployee training can positively impact your company’s culture because it improves job satisfaction, engagement, and retention. In today’s ever-changing and competitive job market, employees also note that they’re eager for ongoing training that helps them stay up-to-date in their role and make progress in their career. Gallup found that organizations that make strategic investments in employee training and development report 11% greater profitability. In fact, organizations that provide a consistent training experience boosted businesses outcomes - take a look at these two findings:Īccording to IBM, 84% of employees in best performing organizations receive the training they need compared to 16% in the lowest performing organizations. It also enables them with the knowledge and skills they need to be effective in their roles.Įquipping employees with relevant and ongoing training is one of the best ways to increase productivity and performance. A high-quality, comprehensive training program provides employees a greater understanding of your organization’s processes, procedures, and goals. The importance of training goes far beyond checking off a to-do task for your employees. Why is training important in the workplace?
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