Employee Training and development programs

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Employee Training and development programs are critical for enhancing employee job performance. A survey conducted by the International Journal of Business and Management Confirmed this, with 90% of those employees surveyed indicating that the impact of training and development programs instituted by the company can significantly improve employee job performance. This is especially true amongst millennials and Gen-Z customers, where 87% of participants believed that learning and development opportunities were crucial when deciding to apply for a specific position.

Globally, companies spend over $358 billion on training and development activities, stating the importance of a more competitive workforce, increased employee engagement, and redemption. Despite this, critics often point to a painful lack of results from these eye-watering investments. So how can startups train their employees without breaking the bank? Let’s take a look.

By carefully designing a program with customized content, real-world examples, and opportunities for hands-on practice, the organization can help employees build their skills and measure their progress. With the right approach, training can be a highly effective way to close those gaps and help people succeed.

Investing in employee training and development has several benefits, from improved productivity and engagement to lower turnover and errors.

  • First, Effective training can bridge gaps in skills and knowledge, leading to improved high-performance organization and success and an overall improvement in organizational efficiency and productivity.
  • Second, by instituting training and development programs, organizations can show that they are committed and value their employees in helping them with their professional growth, leading to lower turnover and higher retention.
  • Third, and perhaps more important, training can help align the skills and goals of employees with the company’s goals, leading to less friction and a more cohesive workforce.

Read our full blog to look at some of the most cost-effective types of training programs for employees 

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