Employee Training – The Competitive Advantage Your Business Can’t Afford to Ignore!


Employee Training – The Competitive Advantage Your Business Can’t Afford to Ignore!

Posted by admin

28 June 2024

Change is the only constant in the business world. New technologies emerge daily, consumer habits shift, and competitors increase their game. If companies want to stay ahead and be competitive, their most valuable asset—their employees—must keep learning, growing, and adapting. This is not a one-time event, but an ongoing process. That’s where a strong, continuous employee training program comes in.

Training is typically one of the initial expenses to reduce when facing budget constraints. However, skimping on training is a false economy and short-sighted strategy that can seriously impede business performance over the long run. Only the companies that invest in their people will be able to thrive in turbulent times.

The right training is a powerful tool that helps employees at all levels sharpen their skills and maximize their potential. With the right skills, employees become more engaged, productive, and crucially, they are equipped to help drive business results. Companies with world-class training programs don’t just train to check the box; they see training as integral to their competitive advantage and growth.

Let’s look at the key reasons why comprehensive and continuous employee training must be a strategic priority, not an afterthought:

Improves Employee Performance

For any business, employees are its most valuable asset. Training employees is one of the smartest investments a company can make in its success. When employees know what is expected of them and have the skills to do their jobs well, they perform better and more efficiently. According to a recent study, 90% of the surveyed employees expressed that training and development initiatives positively affected their job performance.

If companies want to improve productivity, they must implement the necessary training programs. In fact, companies perform 17% better when employees receive the right training. Well-trained employees have a better grasp of processes and technology, allowing them to work more confidently and accurately. They also tend to be more engaged in their work since they understand their role and impact. This leads to higher job satisfaction, less turnover, and a stronger company culture.

Improves Employee Retention and Growth

When it comes to acquiring talent, hiring is just the first step. The real challenge lies in retaining your employees and helping them grow within your organization. According to a recent survey, 40% of employees leave their companies within the first year due to a lack of training opportunities.

Hiring can be costly and time-consuming. It requires company resources and time to find and hire skilled people. So, it’s better to ensure your employees stick around for the long haul.

Employees are more likely to stay at a company where they feel valued. Training initiatives are a clear demonstration of a company’s investment in talent development, which is a key way to show employees that they are valued. In fact, as per LinkedIn Learning, 94% of workers express a willingness to remain with a company for an extended period if the company invests in their professional development.

By offering industry-standard training programs, companies can equip their employees with the tools they need to perform their roles effectively. This not only leads to higher job satisfaction but also boosts employee confidence in their abilities. These factors translate into lower turnover costs and a more motivated, capable workforce.

Improves Skills and Knowledge

The skill gap is the silent killer of company growth. A study discovered that 87% of companies either have or expect to have skills gaps in the next few years. Without intervention, this skills gap will widen, leaving employees struggling to keep up with industry changes. Employee training programs help ensure your team has the necessary skills and expertise to achieve your business goals.

Through training programs and initiatives, employees can continuously enhance their competencies and stay abreast of the latest technologies, processes, and best practices. This ongoing learning not only keeps them engaged and motivated but also ensures they possess the right expertise to effectively carry out their roles. Ultimately, investing in employee training results in a more skilled, productive workforce that can drive innovation and maintain your business’s competitiveness. It’s an investment that yields long-term benefits!

Address Internal Weaknesses

Success is never achieved in isolation. Just like a chain is only as strong as its weakest link, a company is only as strong as its least experienced employee. If companies want to achieve success holistically, they must address their employees’ individual strengths and weaknesses. Research has shown that workers acquire 70% of their skills through on-the-job experience, with an additional 10% obtained from formal training sessions. This 10% can make or break a company.

Training sessions impart knowledge and create a knowledge-sharing environment where employees learn from management’s and each other’s past mistakes and successes. It allows workers to develop skills tailored to your organization’s needs and weaknesses. The right training turns those vulnerabilities into strengths.

While many see training as an extra expense, wise leaders know it is an investment. A small time and money commitment to training leads to the big payoff of a more capable, aligned workforce.

Higher Production Standards

When it comes to employee training, you must recognize its impact on your workforce’s overall production standards. Well-trained employees are more likely to deliver higher-quality output right from the start, significantly reducing the occurrence of costly mistakes. This not only saves time and resources wasted on rework but also leaves customers satisfied with reliable goods and services. In fact, a study revealed that 59% of workers believe that training enhances their overall job performance.

When new hires are effectively trained and onboarded from day one, they quickly rise to meet company standards. This establishes a strong foundation for success and fosters a learning culture within your organization. Ultimately, this commitment to training contributes to consistently high-quality output from your employees over time.

CERT – Key Training Partner for the Industrial Sector in the UAE

CERT has been a key training partner for various sectors in the UAE. By collaborating with numerous governmental and private organizations, we have spearheaded a revolution in skills development and workforce training. At CERT, comprehensive training is one of the most critical steps for any industry in education, healthcare, or manufacturing. We are dedicated to creating abundant opportunities to enhance productivity across all sectors.

As the primary training partner in the Ministry of Industry and Advanced Technology’s (MoIAT) ambitious initiative, we have been instrumental in designing and delivering tailored training curriculums. These curriculums are specifically crafted to equip the trainees with the precise abilities required to excel in their new roles.

We have always strived to be at the forefront of workforce development in the UAE, and this collaboration with MoIAT will drive positive change and create new possibilities for the UAE’s industrial future. The skilled workforce we help train today will become tomorrow’s innovation leaders!

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Recent in News