A well-constructed training plan enables employees to maximize their skillset and expand their expertise. These training and development programs can also foster better workplace morale, productivity, employee retention, and positively impact your bottom line.
Although these training programs may be expensive, companies and employees can greatly benefit from the knowledge and process these programs provide. It is common for organizations to integrate training programs just for the sake of having a “training program,” instead of using it to equip employees for their professional development at the company. Organizations must understand the importance of training employees, as it is a way to adequately prepare them and uphold the performance and social expectations of the company.
Whether you are training and onboarding new hires or just educating existing employees, these programs are an important stepping stone in creating a competitive and successful organization. That said, “Some training is better than no training” isn’t always true. Below, we will share some of the outcomes of ineffective training and what companies can do to counter these risks.
Waste of budget and time
Unplanned and poorly executed training and development programs are a waste of your company’s money and time. Although training is essential, it is often one of the first areas to be cut when budgets decrease — especially when it’s done poorly.
With a constructive training and development program, organizations can make training less time-consuming and intensive. Gone are the presentations and workshops. Replacing them are training programs that can respond to each employee’s needs. For example, mentorships or on-the-job practice can individualize training programs and drastically reduce costs while being more constructive for each employee.
Low employee morale
Employees are motivated to perform well in hopes of advancing through the company’s ranks. However, without effective training, it is difficult for employees to understand how to properly do their job, which, in turn, makes growth seem virtually impossible. This can lead to low productivity, decreased employee morale, and negatively impact company culture.
If you want to retain your best employees or attract great new hires, it is important to invest in happiness, done by prioritizing their professional and personal development. For new employees, the stance your company takes on development and training can make or break their time with you. Training should begin with onboarding the day they walk in on the first day. Effective onboarding enables new employees to acclimate to the performance and social expectations in their specific job and at the company as a whole. Additionally, new hires are invited to learn more about the industry, culture, and skills vital to working effectively within the company.
If employee training is executed correctly, it can be a crucial pathway to success for your organization. Constructive development and training programs can deliver countless benefits to not only the company but also the employees. These programs can greatly reduce costs and provide an increase in employee morale while positively impacting your organization’s bottom line.