A strong training program always strengthens the company and makes it competitive.
Here are some of the training goals that you can combine with larger company objectives:
Provide your employees with the resources they need to become more productive, efficient, and successful in their jobs and drive the company’s profit.
For example, the sales team is the key point in driving a company’s profits. Organizations that provide more practical sales training close more deals. It is very simple to calculate the ROI of sales training to demonstrate the impact of training.
According to studies, organizations that invest at least $1500 in employee training see an increase in profits by 24% compared to the ones that don’t. The same study also reveals that a 10% increase in employee development programs resulted in a 6% increase in overall productivity.
A good employee onboarding program helps new employees learn more about the organization and the key skills required to perform their jobs effectively. Organizations with robust employee onboarding programs experience a 70% increase in new employee productivity.
However, that isn’t all. It is also crucial to develop a healthy relationship with new hires during the first few weeks of joining. A good employee onboarding program increases new hire productivity by 82%, saving the company thousands of dollars in employee replacement costs.
Digital Transformation is one of the biggest challenges these days. As technology evolves, companies struggle to keep up with the demand for a skilled workforce that can proficiently work with new technologies. And 79% of CEOs are concerned about skill gaps as it would jeopardize their business’s growth.
Upskilling and reskilling programs that train your workforce in completely new areas help your organization to meet up the demands of the digital age.