Employee training and professional development provides numerous benefits to both the employee and the business. It will generally help businesses to become more competitive by fostering an environment in which employees are more productive, loyal and content.
So once you have run initial job training, perhaps with a new employee or a new system integration, is there a need for any further training investment?
In the past additional training may have been perceived as some kind of failure on the part of the individual, but with today’s rapid pace of technological evolution regular training has become acknowledged as well worth the investment to boost skills within the business and ultimately improve the company’s bottom line.
With the changing landscape in Australian manufacturing today it’s now become even more important for companies to stay up to date and look to gain every possible competitive advantage. Ongoing development of staff - who are the key asset in driving a business forward - forms an important foundation of this advancement.
Ongoing training has many benefits for all aspects of the organisation, including:
- Keeping up with industry changes and latest technological developments
- Staying ahead of competitors
- Maintaining and advancing knowledge and skill levels
- Providing an incentive to learn
- Increasing job satisfaction
- Providing internal promotion opportunities
- Attracting new talent
By making sure staff are constantly advancing businesses will continue to move forward and remain competitive within the marketplace. Although one off training may be provided to new starters, or other employees, it’s important that training systems are put in place to help develop skills throughout their employment. To retain knowledge, skills need to be practiced and refreshed on a regular basis so key elements aren’t forgotten. Many companies now recognise training should not be seen as a one-off exception, but as a regular investment to help fill skill gaps and keep the business moving forward.