Four Benefits of Training Your Employees By Cindy Diehl Yang, MA, VP, VGM Education “The only thing worse than training your employees and having them leave is not training them and having them stay,” – Henry Ford, Founder, Ford Motor Company.
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Compared to just 10 years ago, the average tenure of employees has decreased across all groups to approximately four years.
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Realistically, most companies don’t hire unqualified employees, but many of them have employees that could benefit from learning new skills. There are two main reasons that companies give for not investing in training for their teams: •
Employees are too busy to learn something new.
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There isn’t enough money to pay for training.
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It’s vital for companies to train their employees.
To fully understand the benefits of training, let’s highlight four benefits an organization receives from training employees.
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here is often a fear of investing in our employees since employee turnover is a real challenge for organizations. Compared to just 10 years ago, the average tenure of employees has decreased across all groups to approximately four years. However, if you were given the choice between two different doctors— one was trained, the other not—which one would you choose? And what if there wasn’t any upfront cost for the untrained doctor? You still wouldn’t select that doctor.
Investing in your employees’ development is an investment in your company.
1. Improved employee performance
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Employees who feel they are not achieving in their position are unhappy and have a performance quality lower than those who have had the opportunity to link their learning and performance. This is a simple yet powerful way to grow your team members so that they are more efficient with more work getting completed and less lost time and money due to mistakes. Mistakes and inefficiencies can cause your business to lose customers. Investing in your employees’ development is an investment in your company.
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Providing impactful training increases a feeling of value among your employees.
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2. Increased employee retention
It is common knowledge that hiring and onboarding new employees is costly and timeconsuming. Research shows that “training and development motivates employees to remain loyal to the organization and create a cohesive workforce.”1 Providing impactful training to your employees shows them you are committed to empowering them with resources to help them do the best job they can, which increases a feeling of value among your employees.
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VGM Playbook: Protecting Your Most Important Asset: Your People
By working with employees to develop a training plan, managers can help employees feel appreciated.
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Four Benefits of Training Your Employees | 13
