Each company is interested in increasing profits, doing everything possible for business growth, as well as for employee retention. However, many companies are betting on implementing effective marketing strategies that are guaranteed to increase business revenue.
When a company’s profits go up and there are no recessions, many managers try in every way to encourage their sales team, call center team, and other employees by raising salaries and paying bonuses. However, over the years, as employees become pros in their field, they begin to lose interest in their work as there are no more challenges. This harms productivity and, as a result, the level of company profits.
The world does not stand still. Every day there are new technologies, new knowledge, and insights. Therefore everyone has something to learn. That is why investing in employee upskilling will pay for itself with a vengeance.
In this article, we’ll talk about the importance of on-the-job training, training strategies, and a plan of training that every company can take note of.
The Importance Of Training For The Company And Employees
A huge number of people around the world are striving to find the perfect job, which will not only bring a lot of income but also allow them to develop professionally and encourage it in many ways.
Employee training statistics reveal the following data:
- More than 70% of professionals have a great desire to develop new skills, as well as improve their skills to remain employable;
- More than 55% of Gen Y people say they make their job choices based on whether the company provides development opportunities;
- Less than 30% of employees are satisfied with the opportunities provided for career advancement in their organization;
- 70% of specialists are ready to leave their company for employment in another company that offers opportunities for development and improvement of skills;
- Companies with top-notch trained professionals increase revenue by more than 20%.
Such data suggests that now specialists are very interested in developing. Companies that resort to old-fashioned training methods, refuse to implement effective employee retention strategies, or provide employees with opportunities to learn and develop, will experience employee turnover and, as a result, a decrease in the company’s profits.
Training Models To Improve Employee Performance
Employee Onboarding
Every company understands that new employees need time to get on board and start to benefit the company. However, you must share this burden with them so that they can begin to do their job effectively. In this regard, corporate training is an integral part of the company’s success.
Enablement
The company’s teams need a huge number of resources to succeed. In this regard, company managers must provide all the necessary resources that will help optimize the work, as well as speed up the process of completing tasks. So, for sales enablement, you will need to provide a sales team with a lot of business resources and various tools to close more deals.
Continuous Learning
Whatever the different teams in your company are doing, there will always be knowledge gaps that need to be filled because new technologies, new knowledge, and new methods are emerging. Employees can study innovations on their own in their free time, however, by conducting training, providing online learning, and digital skills training, it is easier to increase the level of involvement and interest of employees in the development of the company.
Advantages
- A rapid process of developing the skills of employees, during which they learn from real experience, and can also take an example from other specialists so that there is no need for retraining;
- Each company is organized differently, in connection with this, employees will be able to quickly adapt to the working orders and processes of the company;
- By investing in employee knowledge, companies are investing in increasing productivity, increasing the number of sales, providing a great customer experience, etc.;
- There is no need to hire outside specialists since high-performing specialists can train other employees;
- Managers of progressive companies will be able to find new professionals faster;
- The company will be able to reduce the level of staff turnover, as well as avoid costly mistakes, including those related to the reduction of cybersecurity risks.
Training Plan
Choose High-Performing Employees As Coaches
Any employee who shows high results can become a coach for other employees. In this way, you will be able to allow professionals to improve their leadership qualities, as well as pay attention to those people who deserve a promotion.
Prepare The Necessary Resources
The best way to convey information, regardless of its content, is by providing video materials. To do this, you need to prepare training videos using the training video software. Short videos will facilitate the perception of information and, thus, employees will be able to quickly adapt to work processes.
In addition, it will not be superfluous to teach employees how to use the programs that are needed for work. You do not need to breathe down each employee’s neck, monitoring the performance of the tasks. Instead, you can use a screen recorder for a PC to prepare visual materials on how to use the software for work and other tools.
Create A Friendly Environment
Open communication is important for teams and especially for learning professionals. Your coaches should be open to all suggestions, requests, and questions. In this regard, it is important to establish two-way communication, when you are ready not only to give knowledge but also to be ready to answer the questions. By holding productive meetings, each employee will be able to feel at ease, without fear of being punished for their lack of understanding.
Track Progress
Once you start training, your job is to also communicate with the coaches. There is no need to make meetings for this, because thanks to video chat apps, you will be able to communicate with coaches regardless of the time and location. Through video calls, you’ll be able to track progress, receive feedback, and learn about the right resources you can provide to employees to improve the learning process.
Conclusion
In addition to implementing effective marketing strategies, companies can increase their profits of the company if they engage in employee training. This has a great effect on retaining top-notch specialists, quickly adapting new employees, avoiding costly mistakes in work processes, and also on the interest of employees in business growth.
