Archive for July 2014

2 Reasons You Should Really Be Focused on Corporate Training

July 9, 2014

“What’s worse than training your workers and losing them?
Not training and keeping them.”

-Zig Ziglar

Corporate training is an integral part of HR and company procedures. However, a rising number of business leaders are wondering if the price outweighs the profit. According to Forbes, US businesses spend more than $60 billion a year in employee development, yet many executives question its return on investment. If you believe your company is in need of better corporate training, then assessments can help in tailoring your organization’s needs in relation to employee training. So, why train your employees?

First of all, the pros:
If a skilled and trained workforce is something your company desires, then corporate training will benefit both you and your employees. Corporate training allows your employees to gain knowledge, which will boost productivity and enhance problem-solving skills, which in turn will develop a more professional attitude in your workers.

Employees with corporate training also reduce the need to hire new talent, further saving your company the estimated $9,444.47 it costs when an individual leaves and a new employee has to be hired and trained. Training further results in higher employee satisfaction, and satisfied employees translate into better customer service; happy customers build a loyal customer base.

Second, more pros:
Corporate training is always advantageous for employees, because it enhances their skill sets, helps them understand and develop their own competencies, and provides extensive knowledge of their job. When you develop individuals, you encourage motivation and satisfaction. It can also work as a great morale booster, because employees will become more confident—applying what they’ve learned in their day-to-day activities—which will open up the path for career advancement and succession.

The cost:
Corporate training only costs the organization if it is not planned and carried out properly. Your organization will actually end up saving money by properly implementing training policies, because your employees will not require additional supervision.