There is no manager who doesn’t want highly skilled specialists on their team. Unfortunately, a lot of these very same managers consider professional development to be the employee’s concern, not the company’s.
If you believe that hiring an experienced employee trained by someone else is less expensive than training employees yourself, you are mistaken. Such an employee will never feel loyal and devoted to your company. They will be much more likely to leave than employees, in whom, you’ve invested time and money. Employees are your company’s most important assets. Their training and professional development is something you should invest heavily in.
The Benefits of Investing in Employee Training and Development
1. A Competitive Advantage Over Other Companies
Competition for talent is growing. Offering an employee a development program as part of your perks and benefits is a good way to attract candidates to your organization rather than your competitors.
2. Increased Employee Loyalty
When a company invests in employee training and development, employees feel valued and appreciated. This makes them more loyal, and the more loyal your employees are, the more likely they are to both stay and to refer skilled friends and colleagues to work at the company. Plus, loyal employees are more engaged and motivated and require less supervision.
3. Decreased Turnover
According to research employee replacement can cost a company between six and nine months of the departed employee’s salary. Aside from the direct financial losses, a high turnover rate also affects the company’s market position, profitability, and revenue. By training employees and investing in their career development, you can make them feel valued by your organization. This will lead to longer employee tenures and less turnover.
4. Flexibility in the Market
Training and development programs can make a company more flexible in the market. When your employees are well trained, they are better able to respond to changes in the market, which ensures company success in the long term.
At Aditech we believe in continuous process of improvement and as a part of this initiative we have started investing in an in-house employee training system. We realise that having an employee-training program for the sake of just checking the box is a waste of time and money. Training and development are only good investments if they are effective, engaging and practical.
Our in-house training program has been developed by our top management. Senior members of our team are involved in creating, managing, and delivering training content.
Using this method ensures –
1. Training happens within the company, and employees are not pulled off their main job duties to undergo or provide training for others.
2. No money is spent on paying for a trainer, renting spaces, attending conferences/sessions, airfare, food, or lodging.
3. Training can be conducted according to the individual employee’s schedule and aptitude.
4. This form of training allows valuable decision-making information—allowing leaders and managers to track employee progress and prevent them from falling behind.
5. A combination of various training methods, such as case-based, problem-based, scenario-based, and narrative-based are being used.
6. Training can be customised based on the organisations needs, priorities, employee’s interests and aptitude.
Finally, we are pleased to share that our training program is a combination of discipline and practical knowledge. We are hoping that this employee training program will bring us great returns on investment. By investment we mean time and resources here. We believe that this new step is imperative for the growth of our organisation and the growth of our employees. We at Aditech ensure that our employees receive not only training, but also plenty of appreciation!