As a training organisation we always encourage our customers to continually develop themselves and their employees. Training your employees can bring lots of benefits to your business. Some business owners are scared that if they invest in training, their employees will take the qualification and leave but this tends not to be the case.
Therefore, a competitor may benefit from their investment. But the use of Training Agreements can work well to help protect your training investment. And if you’re not willing to invest in your business, why should anyone else?
1. Increase productivity
Employee training is one of the most important ways to drive productivity in the workplace. Well-trained employees will not only work efficiently but they will be happier at work. Demonstrating to your workforce that you value them enough to invest in them, improving loyalty and staff retention. In turn, retention is a saving to you! Employee training should be tailored to both your company’s needs and your employees’ preferences. By aligning training with both your business’ and your employees’ needs, you can successfully organize and implement an effective employee training program. You choose what new skills your workforce gains, targeting skills to meet the needs of your operation for now and in the future. Not only will you drive productivity in the department being trained but you may reinvigorate your whole business.
2. Reduce employee turnover
One of the things employees value most from their employers is the opportunity to enhance their careers. An investment in career paths and professional development is a great exchange for hard work and performance. Investing in your employees will let them know you are interested in developing their skills. As a result, they tend to stay longer and contribute more to your business. Employees thrive when the work environment supports them in attaining their goals and dreams. The best employees for your organisation share your vision and values about what they want to experience at work. Recruiting replacement staff is expensive, time consuming and risky. It’s much better to train and retain your best people in the first place.
3. Increase safety to decrease work-related injury/illness
Work-related injuries, illnesses and deaths are costly to everyone. A safe and healthy work environment pays, in more ways than one A safe and healthy workplace not only protects workers from injury and illness, it can also lower injury/illness costs, reduce absenteeism and turnover, increase productivity and quality, and raise employee morale. In other words, safety is good for business. Training in health and safety will reduce the amount of work based injuries which occur. This protects not only the employee, but also the employer when it comes to possible corporate manslaughter charges. While workers compensation insurance will help pay medical costs and replace an injured employee’s lost income, your business will have to absorb costs associated with reduced productivity, overtime, training replacements, and so on. The best way to minimise the hidden costs of workplace injuries and related insurance costs is to prevent accidents from happening in the first place.