Image by Mohamed Hassan from Pixabay
By Henry Brown
What type of training do you have in place as an employer? Small businesses especially might not have the resources and budget in place to carry out extensive training tragopans, and one study in 2019 found that companies with fewer than 100 employees only carried out 12 minutes of training.
With such a small investment in their employees and company, it is little wonder why many businesses fail within the first five years. Training and development for both employers and employees is vital for the success of any business. It doesn’t matter if you have 1, 10, or 10,000 employees; knowing each of them is qualified to do their job can have a massive impact on your company’s success.
This post looks at some of the benefits of employee training. Once you understand how boosting employee training will support your small business, a good place to start is by using a capability matrix template that will help you identify gaps in employee capabilities. You can then set up a training program to fill these gaps.
Improved productivity
If employees know how to do their job and are equipped to do so correctly, it is little wonder that productivity rates will increase. A study by IBM found that trained teams were 10% more productive than untrained ones. Those who do not know how to do their job or aren’t doing it correctly will likely waste more time trying to find what they need and workarounds to issues than actually doing the work you need them to do.
Reduced turnover
If employees feel their employer isn’t investing in them and giving them the tools and knowledge to do their job, they will likely jump ship and find another company that will. A lack of training and skills can decrease morale and is a surefire way to end up with a revolving door of staff coming and going leading to a loss of continuity and standards across the board. Implementing training schedules and programs like LMS can help you to deliver the training employees need in an easy-to-follow format that supports them and their work.
Improved reputation
Your reputation as a business needs to be stellar, or people will think twice about partnering with you; this is a given, But did you know that decreased employee satisfaction rates and improperly trained staff will impact reputation? If your employees can’t do the job you need them to do, customers will go elsewhere. From here, you will be on the back foot, trying to stay afloat while trapped in the same cycle. So before you get to this point, implement training and development goals, the only damage being done by your employees is from them making targets and hitting those goals.
Fewer workplace accidents
It’s a given that if employees have the knowledge, they need to carry out their job role, they will be more able to do so safely and effectively. This will impact employees’ accidents and sickness rates relating to workplace issues and is especially important when working with food and drinks, dangerous chemicals, or at height, for example. Knowing how to keep themselves safe and following guidelines about health, safety, and company requirements, you can ensure that everyone is safe, from employees to clients, visitors, and more, at all times.
Conclusion
Ensuring your employees are trained in aspects of their job roles means you can be confident they are not only working to the best of their abilities but are supporting your company as you need them to, and you are seeing the benefits of this investment. There are many benefits extending beyond those mentioned in this post when it comes to well-trained employees, so why not look at how you can implement training within your organization and see the changes for yourself?
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Henry Brown is an online marketing executive. When he isn’t talking shop, he’s roaming the streets of London, uncovering the extra-ordinary in the ordinary.
