May 17, 2023
The Role of Team Training in Building a Strong and Sustainable Business
In today's competitive job market, businesses are finding it increasingly difficult to fill open positions with skilled professionals and also to retain talented existing employees. While technological advancements continue to transform how we work, human talent remains the driving force behind any successful business and so upskilling training is essential.
Providing your employees with the opportunity to develop new skills and enhance existing ones, can unlock their full potential and empower them to contribute more effectively. Additionally, investing in your team's professional development sends a powerful message that you value their contributions and are committed to helping them reach their career goals.
In light of these benefits, it's no surprise that employee skill development and team training programs are becoming increasingly popular among business owners and leaders. In fact, here are six compelling reasons why you should be implementing team training in your organization;
1. Attract and retain talent
Providing valuable skill development and team training for your employees makes your company a more attractive place to work. This is true for current employees who are more likely to want to stay where they can progress and improve their abilities. It is also true for the best talent out there who will want to work for a company that clearly cares about their professional development.
According to IBM, 84% of employees in best-performing organizations receive the training they need compared to 16% in the lowest-performing organizations and with technology and processes constantly updating, employees need to continually update their skills in order to do their current job (nearly 60% of employees in fact).
2. Realize untapped potential
Many employees have the capacity to develop and become skilled specialists, exactly the kind of employees that are hard to find in current talent pools in fact. With a skill development program, you can help them realize their potential talent and become the very best version of themselves. This process can help cultivate a positive and productive working environment with happy and motivated employees.
3. Boost employee morale
The positive effect of team training and skill development on the working environment and employee value proposition cannot be understated. Upskilling training employees to enhance their current abilities is one of the best ways to maintain a loyal and motivated team of workers, contributing to the overall EVP of the company. Employees without such opportunities for skill development can suffer from low morale and a lack of personal investment in the success of the company. (Discover how to highlight your EVP in a candidate-driven market here.)
4. Prevent and address skills gaps
Offering upskilling training to employees is a crucial aspect of addressing and preventing skills gaps in any organization. By investing in training, businesses can equip their employees with the knowledge and tools needed to perform effectively. A study from Seismic found that 50% of employees are considering leaving their company due to lack of training.
Through regular training, everyone can learn new technologies, best practices, and industry standards, keeping them up-to-date with the latest developments in their field. In addition, developed and motivated employees are better able to help a business innovate and remain ahead of the competition.
5. Skill Development and Team Training for New Employees
Another aspect to consider about skill development is how to approach team training with new employees. It is wise to remember they will need time to get up to speed, so identify ways in which you can help them achieve this as efficiently and effectively as possible.
Training provides an opportunity to learn from others' experiences and share your own, helping to develop a wider perspective and skillset. Additionally, organizations can offer online training, which allows them to cherry-pick the best trainers and programs to meet their specific requirements and the needs of their employees, by providing access to a wide range of online training resources, employers are ensuring their employees receive the most relevant and impactful training possible.
By investing in team training, companies can boost their employees' confidence, motivation, and commitment to the organization, leading to improved business outcomes.
6. Reduce overheads
By using team training and skill development programs, you can diversify the skill sets available throughout your workforce. Effective training programs will empower your workers to broaden their abilities to perform in their role.
By providing opportunities for upskilling and development, you can reduce the requirement to hire in new talent with specialized skills while at the same time staying ahead of the competition by having a skilled & engaged team.
If your organization would benefit from recruiting highly skilled specialist Logistics, Supply Chain, Procurement and HR professionals, CAST USA can help. We find the right talent at the right time. Get in touch here.