6 Aug 2018, 11:30 — 6 min read
We live in a world where companies have finally recognized that humans are the most important assets that they have. Resources for Humans affirms that “Employees are appreciating assets and as you nurture them, their growth will enable your company’s growth as well.” A talented workforce constantly strives for enrichment and empowerment to find value in their jobs. Recent surveys among organizational development groups, say that more or less 40% of employees leave their current positions within the year because of poor training, and the lack of skills development programs within their companies. Moreover, in a study by Udemy, “46% of employees cite limited opportunities to learn new skills as the top reason why they are bored in their current roles and looking for a change.” Because of this, companies will have to rethink and strengthen their employee engagement strategies and focus on sustainable training and development plans to retain their talented workforce.
A chain reaction happens once people leave companies, and this usually includes the other team members working longer hours to compensate for the work being left behind, resulting in fatigue and decreased morale; and human resources personnel working double time to find replacements. Moreover, according to SHRM, companies need to reconsider the gravity of employee retention strategies, not only because it is costly not to, but also because employee churn affects productivity and it may be more difficult to find replacements with respect to their levels of skill and responsibilities.
Monette Iturralde-Hamlin, TeamAsia’s president and founder, says that TeamAsia Training aims to help organizations who want to take employee engagement and growth further by providing comprehensive workshops to help solve real-life, organizational challenges. “The investment in getting a training partner to provide growth for your employees is a minimal one when compared to the costs of your employees leaving to look for growth elsewhere.”
Training is an Investment
Investing in long-term, sustained training and development programs will not only produce upskilled employees, but it also extends its long-term benefits towards employee retention, culture, branding, and business efficiency.
The Big Picture - Continued Growth
The misconception that most companies have regarding the benefits of training programs is that they should experience them immediately. Moreover, Jason Silberman, in his article in TrainingStation asserts that “employee training is important and worth consideration, time, and investment.” Moreover, Silberman expounds, the benefits of training is seen in the long-term. “It is about continued growth – training that stays with the employees throughout their [employees’] career.”
Companies must look farther, towards the bigger picture of how a sustained training development program benefits the company. Silberman expounds that training benefits entire verticals of businesses - from executives to frontliners. “From post-training day one, it will become a growing process of learning. It may take time to see results from the investment of training sessions, but the long term gains will make a difference.”
From an employee retention strategy to a direction that fosters a more productive workplace, a continuous and sustained training development plan will definitely be a worthwhile investment for your business.
About TeamAsia Training
TeamAsia Training organizes and produces a regular series of in-house workshops and seminars, through our roster of expert trainers, designed to address real-life management issues in practical ways.
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Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views, official policy or position of GlobalLinker.
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