Business benefits of employee training Many small business owners don’t prioritise training, and it’s easy to see why…
■ Training involves costs in terms
the benefits to the business actually
one way or another is both the main
of time and money which place
are can be quite convincing when
impetus for training, and hopefully the
a strain on a small organisation.
considering whether investing in
most significant benefit. But what does
developing your employees is a good
improved performance actually mean,
business decision.
and how does it benefit your business?
“What if we train our employees and they leave? What if we don’t and they stay?“
and knowledge required to carry out
■ Employees miss time at work and either have to be replaced or don’t get their work done. ■ You might be paying employees for hours you can’t bill out to a client which you otherwise perhaps might be doing. There are ways to reduce the costs
which means increased productivity, fewer mistakes and improved quality. All of which have an impact on competitive advantage.
1.Improved performance
most business owners do have
Improving employee performance in
good thing, thinking about what
their role to the best of their ability
your bottom line and gives you a
of training, but actually, although a general sense that training is a
It means giving your team the skills
It means enabling employees to take on additional responsibilities, making the team more flexible and efficient, able to cover for each other.
Issue 12 – Strategy and Personal Development | 19
Spotllight on…
The Business Bulletin
