What if you train your people and they leave? What if you don’t and they stay?
A business is only as good as the people in it. Most employers, recognising this, will agree that training staff is a good idea. So why are so many employers reluctant to do it?
There are some fears that employees will acquire new skills at their company’s expense then seek work elsewhere. There’s also the worry of spiralling costs.
However, research has shown that the reverse of these apprehensions is true.
People want to progress
Nobody wants to be stuck in a job with no future. Keep employees from progressing for long enough and they’ll soon jump ship to a new company.
Training staff is an indirect way of telling people that they have a future at your company. This will improve staff retention.
Staff motivation
Training staff sends a powerful message to employees. It tells them that you have faith in them, and are willing to invest in them. This will motivate staff to work harder.
Staff will want to use their new skills
When you learn something new, it’s natural to feel the urge to apply your new found knowledge. Your employees are no different. Teach them something new, then see how they put it to use in your company.
You’ll be better off financially
Research has actually shown that companies profit from training staff.
Back in 2008, a study conducted by Work Foundation and the Institute for Employment
Studies found that employers who embraced staff training had higher profits per employee, higher profit margins and higher productivity. This study examined near to 3000 employers, a very large and representative sample.
The same study found that if an employer increases their investment in people by just 10%, their profits could increase by £1,000 per year.
Improved company’s image
Not only will your company’s profit margin and staff relations improve, so will your public image. More talented people will want to work for you, and your clients or consumers will feel happier doing business with an ethical company.
By Tirebuck Recruitment, one of the Recruitment Agencies in Solihull.
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