Offering workplace training
High staff turnover can be disastrous for business because when experienced staff leave, they can be costly to replace. Just picture it: new recruits need to be acclimatised to their role before they can contribute the same level of productivity as their predecessors, and until then, you’re the one footing the bill. If there is a constant churn, then this process may well be never-ending – and extremely costly. A better approach is therefore to retain the experienced staff that you already have. This might mean offering them higher wages, or special perks and privileges. Or it might mean giving them a challenge, or new responsibilities that demonstrate just how much faith you have in their abilities. Offering workplace training can also help.
What tends to be overlooked is the value of offering workplace training. Training not only equips an employee with new skills but demonstrates that the organisation has trust in them. It provides an opportunity for progress, and it empowers the employee to decide the direction that their career might take.
Research shows offering workplace training is effective for retention
There’s nothing worse, professionally speaking than the feeling that you’re stuck in a rut. Training often provides the leverage needed to escape from that rut.
All of this is, naturally, borne out by research.
instantprint recently commissioned a study into the effects of training on workplace morale, and its contribution to an employee’s decision to stay within a company or to leave it. The survey found that more than half (56%) of UK employees would leave their jobs if they were not offered more training, and that just under a third (31%) had already left a position for precisely that reason.
The team at instantprint strive to print a variety of products from high-quality large format banners to pocket-friendly business cards. The company pushes to offer roles to its employees and CEO, James Kinsella, found it surprising this doesn’t happen everywhere. “Workplace training is vital if you want your staff to stick with you and be performing at their best,” he said. “This survey has revealed a serious shortfall between the training employees expect and what they’re currently receiving in businesses across the UK.
“All companies should offer induction and ongoing training to staff, to help them settle in and achieve a fulfilling career. To help employees reach their goals, organisations should work to provide personal development plans for workers, tailored to each employee’s objectives and aspirations.”
The merits of training
With all this in mind, it might seem surprising that so many companies fail in offering workplace training to their staff. They might point to the high-upfront cost, the dubious quality of some training programmes, and, paradoxically, the high levels of staff turnover. They might even have difficulty justifying spending money on training staff who might at any moment decide to leave the company.
When considering the merit of investing in training programmes, business owners would be wise to study the data linking the availability of training with job satisfaction and staff retention. The health of the business may depend on it!
Ed Smith – Ed took a keen understanding of business through his studies and early business ventures. He now looks to advise start-ups and is extremely keen to make sure every entrepreneur gets the advice which could make their business venture a success. He has been a guest author on various high authority business sites.