Many people feel they could be doing better at work but they don’t know how to do so. As a leader in your organization, the job of helping employees improve and perform is your responsibility. One of the best ways to ensure this is through continued development via online employee training.
Why Continued Employee Training is Important
Continued employee training can be a benefit to both your employees and your organization. The obstacle most employers see with this, however, is the resource investment required for continuous training and development. As a solution, many have chosen to invest in online employee training as a means of continued growth for their employees. If you haven’t yet investigated online employee training as an option, here are a few reasons why you should.
1. Keep Your Employees Around
Replacing people who leave your organization eats up time and money you should be shoveling towards your bottom line. Furthermore, employees who feel like they’re not getting the development they need are 12 times as likely to leave a company than those who say they are. To that end, turnover reduction is one big reason online employee training and development makes good business sense.
The hardworking, talented people you want to hire and keep around have a natural inclination to better themselves. If you take a genuine interest in their future, by offering them online employee training and development, for example, your employees will not only grow—they’ll appreciate your dedication to their future. That builds loyalty that you don’t find everywhere.
2. Save Money Now and Later
Online training is often a more affordable option than in-person training alternatives. The lack of commuting costs, rental space, and general overhead fees end up saving you money. As if that wasn’t enough, well-trained employees also make fewer, potentially costly, errors at work.
3. It Boosts Quality and Productivity
In a 2013 IBM study of more than 3,100 U.S workplaces, a 10 percent increase in training and development translated to a nearly 9 percent gain in productivity. It makes sense. If your employees understand how to do their work, and how it positively benefits the organization, they’re more likely to achieve or even surpass their goals.
On the flip side, skipping on training and development can cost you. In a 2010 article for Business Insider, one manager shared his personal experience with how a lack of training resulted in a costly loss of product quality.
“As success drives the need to hire new engineers at a rapid rate, companies neglect to train the new engineers properly. As the engineers are assigned tasks, they figure out how to complete them as best they can. Often this means replicating existing facilities in the architecture, which lead to inconsistencies in the user experience, performance problems, and a general mess. And you thought training was expensive.” (Andreessen Horowitz, “Why It’s Crucial to Train Your Employees,” 2010)
Your employees are juggling a lot of demands, not just from work, but in their personal lives, too. A major benefit of online employee training is that it’s accessible from anywhere, at any time. This level of flexibility allows your employees to work continued development into their already overloaded schedules.
Millennials, in particular, are big fans of taking training online and at their own pace. Speaking of Millennials—the largest generation in the workforce—more than a third of them consider training and development programs as the top benefit they look for in a company.
Become a training wiz
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