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Does your company have a love/hate relationship with training? You're not alone! But we'll get to that later. In this article, we'll look at some of the issues that concern everybody who is getting started with corporate training and wants to achieve perfect results from it.
What types of corporate training are available? Why do you need to start training online and how do you do it? What software do you need? How to manage the cost of online learning? Here you will find the answers to these and other burning questions.
But first, let's find out – is workplace training really so important?
Corporate training can unite a large and diverse organization by becoming a "centerpiece" of the employee experience. Here are at least four reasons why you should care about this.
Well-designed training that meets employees' needs makes your workforce more productive and efficient. Over time, these improvements will make your company more profitable.
Training programs help show how individuals, teams, and departments unite together as a single organizational structure. Employees who know how their job role supports the overall mission and goals of their company can draw a line between "my work" and "my company's success."
Surveys have shown that today's young professionals want more than just a paycheck. Millennials (aged 22-37 years old) particularly value employers that offer flexibility, professional development opportunities, and a sense of purpose. They are likely to change jobs if they are unhappy with their current role.
The tendency to job hop can be expensive for employers. A recent Gallup study found that the cost of replacing workers is at least one-half of an employee's annual salary. Turnover is preventable, so corporations have a financial incentive to keep workers engaged and productive.
High-quality training aligns corporate values and strategy. Going beyond the basics shows that an organization is willing to invest in its staff for the long run. For employees, robust learning sends the message that, "You matter to us."
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