How does employee training boost on the job productivity?21 Aug 2018
It's painfully difficult to argue against the value of employee training. Time and time again we see studies showcasing the benefit of learning and development initiatives for staff members.
It makes sense, training up your employees in the areas most applicable to them can only make their office hours more productive. Let's take a quick look at some of the numbers:
- A study conducted by the National Center on the Educational Quality of the Workforce found that, on average, a 10 per cent increase in workforce education levels led to an 8.6 percent gain in total productivity.
- Research by HR Mars noted that employees are more competent when they have the skills necessary for executing their job tasks. This same training provides opportunities for employees to make better career-life decisions, including getting promoted to better positions in the organization.
- Data from an American Society for Training and Development (ASTD) study showed that companies that invest the most in workplace learning yielded higher net sales per employee and higher gross profits per employee.
These hard numbers make sense when you consider the less tangible benefits associated with training your team. From inspiring your newest employees to raising confidence levels among your staff, we're going to run through some of the ways training improves your workforce and boosts productivity as a result.
1. Training refreshes old skills
Everyone can use a refresher once in a while. Sometimes you get so used to doing a task, you stop doing it the most effective way and start doing it the most comfortable way for you. Training for existing employees in current skill sets can breathe new life into old processes and prompt a boost in productivity as a result.
Training for existing employees in current skill sets can breathe new life into old processes.
2. Training supports performance-based metrics
When you provide regular training in your business, you can tie progression to new skills and encourage performance-based goals. By giving your team members clear milestones to reach via training you build a culture that ties career development to performance over tenure.
3. Training saves you money and time
Poor performance is usually a result of a lack of understanding. When you invest in the training of your staff, you ensure they have the knowledge they need to complete their daily tasks and complete them well. In this way, the right training can save businesses money and time that otherwise would have been lost through ineffective work processes.
4. Training boosts confidence levels.
Think about how confident you feel after three days of training. This little boost can go a big way for day-to-day efficiency. When you have confidence in what you're doing, it makes you feel more involved in your tasks and can often translate in higher levels of productivity.
5. Training increases employee engagement
Everyone is more productive when they feel engaged with the work they're doing. Training provides a strong tool for engaging your employees. Why? Because it's what employees today crave most from their employers. A study by PwC found that millennials prefer learning and development opportunities over financial incentives. Providing these training options engages employees, ultimately giving them an extra level of motivation.
Looking for some team training? We're here to help
Here at ICML we know the power of training because we are lucky enough to see it every single day. Providing your team with the skills and confidence they need to complete their daily tasks is the greatest gift you can give to your staff and your business as a whole.
To learn about the variety of ICML training courses, reach out to our team today!