Investing in the training of internal staff should be a priority of any company, regardless of size, because the staff is the most important asset to achieve good results and to be able to grow the business. For our last article, we addressed the difficulty of retaining talent within a company. For those who work in the Human Resources sector, there is increasing concern with the hiring of good professionals and, more than that, with their loyalty to the company. In theory, it may seem simpler to hire a 100% trained employee to occupy a position, but the reality is another matter
Promote the training of collaborators in a way that invests in the development of the company itself. With this in mind, let's explore 5 advantages of investing in the training of collaborators as a strategy of the organization.
Why invest in the training of two collaborators?
1. Attract and retain talent
All people like to feel valued, whether personally or professionally, but not all companies can show this to their employees. The Swedish brand IKEA now in 2022 paid its employees an amount of 110 million euros as a way of thanking them for their effort and dedication during the pandemic. Don't worry, you don't need to start distributing millions of euros to attract and retain employees, because there are other strategies besides a financial one. Investing in employee training and development is an excellent way to attract new talent and retain existing ones. This strategy demonstrates the company's commitment to the growth of its employees and this is reflected in the growth of the organization as well.
2. Decrease hiring costs
Hiring new talent and firing staff incurs costs for any company. However, by investing in retaining talent, for example through training and development, it will be easier to maintain the human resources you have already acquired. The employee feels motivated to demonstrate their full potential and develop new skills and competences necessary to achieve the company's goals, this contributes to reducing the turnover rate and optimizing daily activities.
3. Make the company more competitive in the market
In a relationship between employer and employee there must be mutual interest in seeking development. On the one hand, the employee needs to seek their own personal and professional development, to be interested in it. On the other hand, the company also needs to provide resources for this. We must remember that when we talk about resources, these are not just financial: it includes time, space, materials, etc.
If currently there is still any manager, or Human Resources department, who does not realize how important it is to have up-to-date employees, that company is in danger of becoming obsolete in a world so competitive and constantly innovating. So, if you want your company to be competitive in the market, invest in the human potential you already have.
4. Motivate and involve employees
A committed and motivated team generates high results for the company; and business training is a way to do that, as it is an opportunity for professional and personal growth. However, according to a survey released by Gallup, only 20% of employees worldwide say they are truly engaged at work. So, it is clear that companies need to be more concerned with motivating their employees. But how to do it? Get to know your team, listen to what they have to say, understand what is important to these people, have emotional salary as an active practice and invest in the training of your people.
5. Increase productivity
Getting motivated workers in the company's work routine will inevitably provide an increase in the productivity of these workers. Investing in their training helps to find more efficient ways to carry out activities and even change the general attitude of the teams. Operations are carried out faster and often with a smaller amount of resources, especially financial ones.
This is why large companies invest a lot in the development of their employees, because they know that employees are the most important asset of the organization. Now that we’ve talked about why to invest in capacity building, you must be asking yourself:
How to invest in employee training?
Glorick believes that the best way to invest in employee training, whether in the short, medium or long term, is through internal and external training and development actions. That's why our company is dedicated to being the solution for your company. Investing in employee training generates growth both for them and for organizations. It's a healthy exchange of learning and productivity for both sides. Click here if you want to know how you can invest in training your staff.