As an employer, you will be familiar with the word ‘training’, but why should you spend money and resources on training your staff?
Surprise surprise, training your staff can sufficiently improve business performance, profit and staff morale. Did you know that 7 out of 10 people say that training and development opportunities influence their decision to stay with a company? Employees who receive the necessary training gain a greater understanding of their job responsibilities and are therefore more able to perform their job i.e. decreased staff turnover.
Let’s discuss some of the other benefits below:
- Increased job satisfaction and morale among employees
Investing time, money and resources in training makes your employees feel valued. Employees who feel appreciated and challenged through training opportunities are more likely to feel satisfied towards their job, increasing the overall morale!
- Increased employee motivation
When employees understand their job, it builds their confidence! And with increased confidence, your employees will perform better.
- Increased efficiencies in processes, resulting in financial gain
Studies have shown that productivity increases when a company invests in training. With an increased efficiency, tasks are completed more successfully, improving the company’s turnover.
- Increased capacity to adopt new technologies and methods
If the training program addresses an employees weaknesses and strengthens, it will ensure that everyone is on the same page! This means that all your employees will share similar skills and knowledge, making it easier to adopt any changes within the company such as new technologies or methods.
- Increased innovation in strategies and products
Training can trigger ideas that an employee never thought of before. Learning new things could encourage more creativity and innovation!
- Reduced employee turnover
A valued and challenged employee will be more engaged and less likely to leave the company. Even though initial costs in training might seem pricey, it will be worth it when your recruitment costs decrease.
- Other financial benefits to employers through traineeships and apprenticeships
- payroll tax exemption (under $100K)
- New worker funding – state & commonwealth funding
- Stakeholder Funding (CTF & ABBTF)
Have we convinced you to train your staff?
Skill Hire offers customised training and skill development for your workforce! No matter the type of company or size, we can find a training program that suits your business needs! Our trade qualified trainers will provide accredited quality training that is industry focused and meets the needs of your employees, working closely with you to provide efficient, flexible training!
Visit our ‘Training‘ section on our website to find an option that suits you!