70% of employees report that they don’t have mastery of the skills needed to do their jobs.– Shift E-Learning
This is sad, but true. The majority of employees around the country and across industries report feeling that they don’t have the skills they need to do their jobs well. Employees that don’t have the skills they need report feeling:
- And disengaged.
Employees that don’t get the training, time, and attention they need to succeed end up burning out hard and fast.
What that means for your employees: Lower levels of self-esteem, fulfillment, and satisfaction .
What that means for business owners, leaders, and HR managers: Lower employee retention, high turnover, increased business costs for recruiting, onboarding, and training ––– leading to lost time and money for your organization.
The good news is, there are a lot more that you, as an employer, business owner, or HR manager can be doing to invest in your employees and give them the skills they need.
What is Employee Training and Development?
‘Employee training and development’ is defined as processes and programs companies use to continually improve their employees’ skills and performance.
This can include software training, business skills training, mandated HR training, and provide a variety of hard or soft work and business skills.
Some of the highest-demand business and software skills include:
- Microsoft Excel Training: Basic to Advanced.
- Microsoft Outlook, Word, and PowerPoint Training.
- Data Analysis and Visualization.
- Business writing, Grammar, Communication, and Presentation Skills.
- Time Management.
- Project Management.
- Accounting Fundamentals and QuickBooks.
Consider this: What employee training and development classes could you give your employees to help them get their work done better? Faster? With greater accuracy and attention to detail? With little-to-no help or assistance?
If you want to save time and money while increasing productivity and revenue, your business needs to invest in employee training and development.
Here are 5 Reasons You Should be Investing in Employee Training and Development.
*ACTS offers all the above training classes and more. Browse our full class schedule to learn more or enroll today.
1. Employee Training and Development Attracts Better Job Applicants and Candidates
What’s a great way to attract better job applicants and candidates?
Let them know you invest in your employees.
Gone are the days where individuals want to just show up for a paycheck and totally check-out at the end of the day. Great candidates want are looking for exceptional companies that invest in their team’ss learning and development.
Promoting that you provide optional and/or mandatory employee training will attract higher-caliber, more dedicated candidates to your business.
Show them you’ll invest in them, and they’ll invest in you for the long haul.
2. Employee Training Increases Engagement and Retention
Not only do training and development classes and programs attract better candidates, but they’ll also help you keep the talent you already have.
Here are a few statistics to consider:
- 22% of turnover happens in the first 6 weeks of employment.
- LinkedIn reported that 94% of employees would stay at a company longer if they had more training and development opportunities.
- 85% of employees report feeling partially or totally disengaged with their company, job, and their work.
- Recent studies showed that engaged employees outperformed disengaged employees by up to 202%.
If you want to keep new talent and veteran employees engaged and happy, at work ––– invest in employee training and development classes.
3. Employee Training Increases Work Productivity
*Refer back to the 4th bullet above. It’s no surprise that organizations who invest more into their employees get a lot more back.
Investing in training and development makes your employees feel valued and engaged. It gives them a sense of pride in their work and it builds their trust, loyalty, and happiness with your business and leadership.
Happiness and workplace satisfaction are both directly related to employee productivity.
Additionally, training and development classes give them the skills they need to do their jobs better and faster while leading more room for growth, leadership, and taking on new projects and responsbilities.
4. Increase Businesses Revenue and Reduce Expenses
Investing in training and development classes for your employees decreases all of the things you don’t want in your organization ––– disengagement, dissatisfaction, and employee turnover.
When you give your employees the skills and abilities they need to produce, deliver, plan, communicate, and sell faster and more effectively ––– you are also simultaneously reducing costs AND increasing revenue.
Dong some quick math, you can begin to see how much money and time you will save and create by investing in employee training and development classes.
5. Increases Employee Autonomy and Self-Reliance
In the new world of working from home, your employees need to be confident in themselves and their skills.
Since they don’t have direct access to the resources and personnel they did, in the office, they need to be comfortable troubleshooting complex problems and taking on challenging projects or responsbilities on their own.
Giving your employees as little as one or two online Excel training classes can give them the skills and confidence they need to tackle daunting tasks on their own while boosting their productivity by as much as 20-30%.
Employee training and development classes are some of the lowest-cost and highest return investments you can make in your personnel and your organization.
If you are interested in learning more about award-winning online, in-person, and onsite employee training and development classes, we’d love to help.