How Training Your Staff Can Help You Retain Them
Learn how training can be valuable not just to your employees, but to your business. Training your staff can increase retention.
Training is a valuable method to keep employees engaged, inspired and informed, and keep your business ahead of the curve.
Investing in learning and development can, not only increase employee satisfaction but also improve the expertise of your staff. It can arm them with the information they need to position themselves as leaders, becoming more invested in their skills and more likely to progress within the company, while increasing staff loyalty and retention.
Here is a breakdown of some of the core benefits of training employees:
“An investment in knowledge pays the best interest.” – Benjamin Franklin
High turnover in employees can be expensive in terms of having to recruit for a new starter and invest in their training. Not forgetting, it could cost you your client’s trust as work could potentially fall between the cracks when being passed around through different hands. Replacing an employee who earns $75,000 is estimated to cost around 20% of their income.
Training is an incentive for employees to stay within a business. Having training customised to your business also encourages them to invest in the company, as their training is specialised. Ideally, training would also increase employee engagement as they become more invested in your products and/or services.
Developing a strong training plan that is relevant to the employees’ role and based on the business objectives can increase the investment your employees have in their learning and development within the business. As mentioned above, training that is specialised within your business and industry can also increase your employees’ investment within the company to help their growth.
It is important to remember while a strong training program can incentivise your employees, we also recommend bolstering this with other initiatives. Ensure you gain feedback from your employees on how your training program can develop, while you want to customise it to your business objectives and their current role, it is important to consider what development they value.
“Train people well enough so they can leave, treat them well enough so they don’t want to” – Richard Branson
eLearning is a cost-efficient option that allows the user to tailor training courses to meet their objectives. By utilising different formats and customising content to suit your company objectives and culture, you can create a training program that is relevant to your employees and your company.
At Coassemble we offer a cloud-based Learning Management System that allows you to easily upload existing content, export detailed reports and provide a seamless user experience. Your employees will be able to access content from any device whether it be a mobile or a tablet, making training remotely easy. Keep employees up to date on compliance, measure their progress and personalise your course material to suit your objectives.
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