by ethosplc | July 19th, 2018
Employees are a highly valuable asset for any organization. They are the gears that keep the company moving forward, providing a face for any business as well as handling communication with customers and vendors.
In order to keep employees working as efficiently as possible, it is important for the organization to invest in the training of its workforce. This training, however, should not only be done at the beginning of the employee’s time with the organization.
Smart companies invest in lifelong, continuing education of their employees. This in turn, pushes the employee to learn new things and contribute at higher levels.
Below are three major reasons why you should invest in lifelong training of your employees.
1: SKILL IMPROVEMENT
It’s no secret that those who always seek to educate themselves will perform their jobs better in the long run. As industries advance and adapt, employers must do the same with their workforce.
Continuing education allows companies to teach their workers about new technologies. Not only this, it also lets companies help its employees gain the skills required to harness the power and influence they need in order to excel in their role.
A business that doesn’t push their employees to learn new things or trends risks falling behind their competitors at a highly unfortunate rate. Keeping workers fresh and up-to-date on industry changes will help any company to develop and maintain a competitive edge.
2: EMPLOYEE RETENTION
Research shows that companies who participate in continuing education and lifelong training of their workers have far lower turnover rates. This means that employees feel safe, secure and happy with their jobs rather than looking for new careers.
When a company is invests in keeping their workers sharp and skilled, there is less of a chance that individuals will feel as though they are falling behind or being neglected. Creating a supportive and educational work environment is one of the first steps to create a successful business.
3: CAREER ADVANCEMENT
Most people have goals to work their way up the ladder when they join any organization. With lifelong training, each employee can gain new skills and become a better worker every day. This also gives them more opportunities to showcase their skills and value to the company.
Ultimately, this means that they will be more likely to receive that desired promotion or work on the projects that they signed on for.