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Ongoing training: How important is it for your workforce's success?

Advice | Competitors | Business | Future

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How do you plan to guarantee that your business can stay ahead of its competitors and continue innovating in the future?

Keeping your workforce up to date with new developments in your industry is essential to your company’s success. It allows your staff to understand what is currently happening and what is likely to occur within the sector, thereby giving them an idea of where their own work can contribute to the business’ advancement.

What benefits will ongoing training deliver?

The obvious advantage of ongoing training within your organisation is that your workforce will be as educated and qualified as possible. This then allows them to better deal with any complications or problems that may arise.

It also provides them with the knowledge that they need to ensure they are maintaining top levels of innovation and creativity. This is because they will have been provided with the knowledge they need in order to come up with new ideas, evaluate them and establish whether they are appropriate.

Training also provides companies with the ability to address any weaknesses in staff members. Most employees will have something that they want to focus on improving - and if they don’t, their managers certainly will. Training programmes will help tackle these, overcoming skills gaps within different departments. This will serve to boost productivity and efficiency within the company as a whole.

This is emphasised by a study conducted by Middlesex University’s Institute for Work Based Learning, which found that 74 per cent of workers found they are not achieving their potential at work and want to receive more training. A total of 83 per cent even said they would be willing to undergo training programmes in their own time.

Ongoing training programmes also provide employees with new skills, which can then be utilised by the company when those workers’ colleagues are away. Knowing that someone can cover their work provides reassurance that standards won’t slip and efficiency will be maintained.

The less obvious advantages

Employees want to feel valued. In some cases, they will have chosen to work at your organisation because your business showed that it would make them feel like an important part of what it is trying to achieve.

By investing in providing employees with the techniques they will need to ensure their own growth and skills expansion, you should see a boost in engagement and, therefore, productivity.

When you show your workforce that you want to boost their skillset, you can improve their levels of engagement. Dale Carnegie Training has found that businesses with engaged employees outperform those without by 202 per cent.

Are there any disadvantages to training your workforce?

Companies will harbour fears that implementing training will mean that employees won’t be productive during that period. However, businesses should be aware of the findings of the Chartered Institute of Personnel and Development’s (CIPD) annual survey report into learning and development, which found that companies report that training on the job is the most effective form. Ranked second was coaching by line managers or peers.

The results of the report should be reassurance that training can take place while work is still being carried out. It also allows companies with minimal training budgets to deliver effective learning and development programmes. In addition, businesses should be aware that 65 per cent of respondents reported that they would be increasing the amount of manager-led training in the near future. Keeping up with these companies - the competition - should be a priority.

Some businesses may also worry that training their employees could result in workers leaving for new jobs. However, 51 per cent of participants in the Middlesex University study reported that they wanted to undergo more training in order to be more valued at work, with 44 per cent saying they wanted to be more effective in their current position.

So when you think about training and developing your workers’ skills, carefully consider the value it can add to your business. Thinking outside the box can also deliver real results and see your company evolve into one that top talent wants to work for.


Sources
http://www.mdx.ac.uk/news/2011/05/uk-workers-demand-more-training-and-will-even-invest-their-own-time-and-money-to-up-skill
https://www.cipd.co.uk/Images/learning-development_2015_tcm18-11298.pdf
http://info.shiftelearning.com/blog/statistics-on-corporate-training-and-what-they-mean-for-your-companys-future
http://2020projectmanagement.com/2016/02/the-importance-of-training-and-development-in-the-workplace/

Posted by Jon Aspinell on 22nd June 2017

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