What benefits can employee training and development have on your business?
Answer by Charlene Walters, Business & Branding Mentor, Corporate Training, on Quora:
There are so many benefits associated with employee training and development for both employers and employees. And, as leaders, we owe it to those on our team to help them develop and grow. Offering training and development opportunities can have a large impact on an individual’s professional momentum (and we want them to stay with us for the long term).
Here are some of the top perks associated with implementing a robust training and development program:
Increased employee confidence. The more you know, the more your confidence grows. Arm your employees with the additional skills, training and knowledge that can help boost their self-esteeem (both on the job and off). Develop their thought leadership, confidence, and hard/soft skills with workshops, webinars, courses and training to this end.
Enhanced leadership potential. When you invest in your employees, they will invest in you. As they master fresh skills, they’ll seek new professional opportunities to leverage that knowledge. As such, it’s likely that they will apply for increasingly higher positions within the organization and climb the leadership ranks over time.
Better work-life balance. Training and development doesn’t have to be limited solely to hard, work-related skills. We need to teach employees to manage other more personal aspects of their lives including time management, self-care, nutrition, fitness, and mental health. A well-balanced employee is healther, happier, and more productive, too.
More innovation and creativity. When our employees are exposed to new information, their creative muscles are stimulated and they are more likely to apply what they’ve learned to our business improving our products and processes in the process.
Diverse thinking and perspectives. When we learn from others, we are being exposed to new ways of thinking and unique perspectives. Diversity in the workplace benefits everyone- employees, customers, colleagues and other stakeholders.
Greater retention and motivation. When employees believe that you care about their growth and career trajectory, they will be more motivated and committed to your organization for the long haul. A win for all.
Source: Forbes
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