5 benefits of training and development in the workplace! |
These 5 benefits of training and development in the workplace could easily be called what super successful companies already know.
It really is this simple...investing in and developing your workforce is critical to long term success.The hard part of this article is not coming up with the 5 benefits of training and development but trying to limit it to just 5. :)
Before I dig in I want to go over a couple of key terms…
“Workplace” the real goal is not to develop the “workplace”...it’s to develop the people that work there.
“Training”... for any of you that have been to our Train the Trainer you’ve heard me say a number of times… you train dogs...you develop people. The key point to focus on is developing the people in your organization for they perform at a higher level.
Last, when you develop your team (employees) you’re investing in them. It’s not a one-time cost or expense, it’s an investment that pays long term dividends for the company or organization.
Here goes… 5 Benefits to Training and Development in the workplace.
Benefit 1
Retention.
With unemployment in the US at 4%, retaining employees is going to be critical to long term success. With unemployment at this low of a level it will make it harder and harder to retain team members.
They will start being enticed by $.25 more per hour or just the thought of the grass being greener with some other company or organization.
When you invest in your team members they feel appreciated, valued and important.
These are critical to helping them want to stay!
Benefit 2
Higher productivity, less errors and mistakes.
Training employees helps them to be more confident and prepared. This leads to being more productive and making less mistakes.
Think of eating out and the errors that new servers make because they’re not trained on the menu and what each item includes.
The problem is too many organizations wait to train people until they’ve been doing the job a while and they know they’re going to stay. That entire time is lost!
Often those customers that experienced the organization during that time are lost too!
Benefit 3
Better service delivery.
For those of you that don’t know my background, we have over 20+ years of experience helping businesses in the hospitality and resort industry measure, manage and improve service.
A few years ago I made a bold New Years prediction that scientists would find the customer service gene and businesses would do genetic testing for jobs that fit in the area of customer service and guest experience.
To the best of my knowledge it hasn’t happened yet, but you never know! ;)
When employees are trained they feel confident. When they are confident they are more comfortable delivering a great service experience.
People aren’t born with the service delivery gene so the skill needs to be developed in them. If you’re lucky, they come from a business or organization that has already started the process but the reality is that great service is not a destination it’s a journey.
Benefit 4
Save money!
This might sound crazy when the figure of $1,200 is often thrown out for what it costs to train a team member. I have no idea how they measure that...afterall, training can be a few days all the way up to a few weeks.
The mistake I see organizations make all too often is they say they have 1,000 team members and at $1,200 per team member they’re going to be spending $1,200,000.00 (Yes, that’s $1.2 million!)
They see the $1.2 million as an expense not as a long term investment.
Reducing turnover saves the company money! See Benefit 1
Improving service increases sales and profits. See Benefit 3
When an organization sees training and development of the workforce as a good investment they see the positives and not just the “cost” of doing it!
Benefit 5
More engaged team members.
There was a recent Gallup survey that found 32% of employees are engaged at work.
I’m not a mathlete but that tells me 68% of employees are not engaged.
The sad part is I didn’t need the big brains at Gallup to tell me that. I see it everyday when I shop, eat and visit businesses. From receptionists that don’t even look up or greet you to servers that don’t come back to fill the water or heaven forbid you ask for extra hot salsa for your tacos.
When people aren’t engaged they just care less!
From a businesses perspective this is terrible. You want team members that care and are engaged with the guest so they make the experience positive and memorable. (Yes, negative experiences can be very memorable.)
By creating training that is fun and memorable you increase team member engagement because they see the company investing in them and being committed to them long term.
There you have it...5 Benefits to Training and Development in the workplace
Now for those that have read this far…
The key is not just training and development of your workforce.
The development needs to be engaging so it’s memorable and retained. These benefits all disappear if the training is boring and painful.
We’ve all seen death by PowerPoint… you want to develop your workforce, not see if they’ll endure hours of training torture.
Bad training actually de-motivates team members! (Not sure how to make it fun and memorable? Post a comment or give me a call.)
IMPORTANT NOTE - Remember this latin phrase...Primum non nocere - First do no harm!
Investing in training and developing your employees in your workplace is money well spent.
So the next time you’re asked “why do we do all this training”...remember these 5 benefits.
If you’ve read this far, thank you for your attention. It goes without saying that it means the absolute world to me. I hope this piece helped you in even the slightest bit and if it did, please share it with a friend that could also benefit from this.
Thanks for reading...
Positively Transforming Lives and Having FUN Doing It!