Investing in Training: 5 Signs It’s Time to Train 

It can be hard to know when your employees need training, and what kind of training they need. Sometimes your workforce might attend a training session and find it to be mostly irrelevant to their role. On the other hand, sometimes your employees would benefit from training but you don’t have the resources to provide it. In today’s blog, we’ll be breaking down 5 signs you should be investing in training. 

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INVESTING IN TRAINING: Employee Turnover is High

Sure, the cause of high turnover can often be hard to pinpoint. But if you provide your  workforce with a survey, perhaps, then you might soon get the answers you’re looking for. If your employees don’t feel you’re investing enough in training, that could certainly be a reason so many are leaving.

Your employees are one of the most valuable assets in your business. It pays to invest in empowering them. They may want to do a good job, but they need to be assured on what that actually means. 

Skill Gaps in Your Workforce

Waiting around for your dream candidate to submit an application? They might already work for you. If an employee seems motivated enough to get to grips with a bigger role, then provide them with that training. This allows you to address that skill gap in a much cheaper and more productive way. It’ll also be far less time consuming than hiring someone new who is unaware of your company culture or policies. 

Your Employees Aren’t Engaged

Never underestimate how vital employee engagement can be. Proper investments in development and training can have a huge impact on that engagement. 

If you have an employee who’s effectively got their entire role nailed down, it may seem that they’re perfectly happy. But, eventually, they’re going to miss the opportunity to actually challenge themselves. If more training and development isn’t something you’re willing to offer, they may end up looking for something more. 

Few people would want to remain in a stagnant job forever. Engage with your employees, and you might find out that they could be more engaged in their work. 

Your Business is Wasting Money

Hiring new employees is a lot more expensive, and consumes far more resources, than offering training to existing employees. Studies suggest that hiring and onboarding a new employee could cost around a third of that employee’s annual salary. The costs can be enormous when factoring in things like the actual hiring process, and buying new equipment. 

It can be a blow to lose someone that’s been with you for years, purely due to lack of training. Getting their replacement up to the original hire’s level of productivity could take years. 

Investing in Training: Management is Getting Frustrated 

Inadequate training doesn’t just affect employees. Management may end up getting frustrated if their subordinates don’t have the skills expected, and required, of them. No manager wants to be answering the same questions over & over, especially if those answers should’ve been provided via training. 

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