Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. Depending upon the business you’re running, your staff may require annual training. Instilling new skills and refreshing old skills sometimes is necessary. The following contributed post is entitled, How Training Moves Your Business Forward.
* * *
As a business can feel like you are standing still or moving at a rapid pace – both can be true. Your job as a business owner is to make sure the standing still isn’t stagnation, but instead is a period of learning, taking stock, and reflection.
When we, as businesses, have access to more technology, courses, and highly motivated individuals – the only thing holding us back – is us.
If there is one thing you can’t put a price on, it is employee training – from bank sales training to coding – it’s the one thing that can push your company forward in a whole new way.
Skills
The better someone is at their job, the better they can do their job. It’s that simple. Furthermore, the more trained someone is, the more confident they are in what they do and how they do it.
This is perfect for staff who want to do their best and see themselves progress.
Efficiency
Much of what your staff will learn at training is going to help them be more efficient. Now, it depends on which team the staff is in, but typically any training for any team will see improvements.
Efficiency can further be improved by reaffirming all of the targets that the staff is supposed to meet once training is over.
Motivation
Motivation comes from many places, but inspiration comes from showing your employees that they are valued when working. When you are invested in your employees, you will ensure that they have excellent training – and other things that support their career.
Highly-motivated staff is likely to perform at an exceptionally higher rate, with improved productivity and the desire to achieve the work your company will put into the world will be incredible.
Promotions
You have to have space in your company for your staff to grow up. Once a team member has done everything they can do in one role and training and expanding the role while there – if there is no upward motion available – what will they do?
Leave and take their knowledge and skills with them.
For many people, they see this as a reason not to invest in training your staff, but as the saying goes: “Train people well enough so they can leave, treat them well enough, so they don’t want to.” – Richard Branson.
If you don’t train your staff, you are also faced with the possibility of having a workforce that simply doesn’t have the tools to perform their best.
Retention
One of the biggest perks of having well-trained and motivated staff is less likely to lose your team. When motivation is high, and you have invested time and money into their performance, they will want to stay where they are getting the best treatment.
Your staff is the driving force behind the business, and to keep your business moving forward at a healthy rate; you need to invest in them. They are the ones on the ground who deal with clients and complete the work—making your staff one of the most essential things in your company.
Read more: Why Teamwork Is Essential In Your Business
