Workplace training has become an absolute must for corporations nowadays. A study finds that companies in the US spent approximately $1,111 per employee on corporate training programs. While it can be seen as an extra expense but the trends prove otherwise. Companies that invest in the education and training of their employees report greater revenues and efficient work performance.
Corporate training works by creating a workplace that is adaptive and flexible. It operates by developing a culture of learning in the organization whereby employees learn and grow along with the company. In a way, this establishes a mutualistic relationship between employees and the workplace. Moreover, the staff remains up-to-date on the recent business trends and emerges as informed professionals.
Benefits of corporate training programs
Improves employee performance
When people receive appreciation in a place, they respond to it positively and make sure to keep up the positive feedback. Hence, when employees work in an office that uplifts their spirits and motivates them to grow personally and professionally, they too work better. For companies that invest in their employees in this way, eventually earn the money back in the form of higher revenues. Eventually, the cost of the training program is repaid. However, the innumerable rewards remain.
Moreover, such training programs also help to highlight the weaknesses employees tend to have. They then help improve those weaknesses, building an efficient workforce.
Improves work satisfaction
By investing in your employees' growth, you are actually also helping retain your workforce. Since your employees will be getting newer growth opportunities at their organization, they will less likely leave for elsewhere. Hence, saving you a lot of money and time. Training, onboarding, and familiarizing new recruits is harder than retaining an experienced workforce. With more growth opportunities, employees will also have a more satisfying work experience which will inadvertently reflect on the company performance too.
Keeps employees up-to-date
The very purpose of such corporate training programs is to educate and sustain an educational environment in the organization. By hosting regular training sessions, employees will be up-to-date on the recent business trends and thus will cater to them in better ways. Moreover, they will also be routinely updated on the ongoing developments in the company policies and that will take away some organizational tasks off the HR's backs.
Five essential corporate training programs
Here is our list of top must-have corporate training programs to build a savvy and expert workforce.
1. Effective communication
Communication is the key to a successful business. It is absolutely crucial that the tasks clearly make their way across to the employees for the most output. Whether it is in-person interaction or virtual meeting, it can be hard to ensure that the person on the receiving end properly gets your message. This is why training the employees in the art of communicating and interpreting commands is vital. Such training programs develop essential life skills that people need for communicating both verbally and in writing.
Such a program requires a continuous listening strategy. Whereby learners go through a rigorous course of taking and deciphering messages being communicated to them. It is after all if you are a better listener, you will also emerge as a better communicator.
2. Time management
Time is a vital but tricky resource, if one is not too careful, you can easily lose it. Hence it is important to tap into it and make the most of it. Often, due to performance anxiety, lack of managerial skills, or other stress factors, employees end up losing crucial working hours. To reduce this lost time and the workplace most efficient, train your employees in the art of time management and conservation.
3. Project management
According to the Project Management Institute, organizations that offer corporate training programs to their employees perform their tasks better and can lead projects better too. The general perception around project management is that it is strictly for managers or those in leadership positions. However, contrary to this notion, teaching this skill to the overall workforce can prove rather promising. In healthy organizations, the workforce operates as one unit, and to maintain this unity every section of the organization has to be in touch.
Projects are accomplished when these sections work alongside. Hence, only teaching project management to project heads is absurd. Every section of this team needs to feel like a team and therefore needs to also be an expert in this skill.
4. Leadership training
Yet another skill that we mistakenly reserve only for 'leaders'. Leaders are not born they are created and anyone can be one with the right training. Leadership training is essential for every employee with regards to boosting their morale and providing them the confidence that despite their current position, tomorrow they too can be on the top of the corporate ladder. Moreover, it also provides a valuable skill that will help the young professionals manifold in their career growth.
5. Diversity training
In a world like ours, that is becoming more and more connected globally, diversity training seems like the next obvious thing. Since companies too nowadays operate from several different regions with employees from across the globe, the professionals have to have the skill of dealing with multiple people of various sorts of backgrounds.
A healthy workplace is one where employee diversity is appreciated and protected. This can only be done with the right and culturally sensitive training programs. It can be tough to get people from different backgrounds to mingle together initially. Hence, the vitality of diversity training - takes away this hesitance and bridges any workforce gap.
Tips for effective corporate training programs
- Identify business goals: By indentifying your companies strategic goals you can better develop an all-inlcusive training program. When you'll know the goals clearly, you will be able to target them better. Eventually, these goals will also help is assessing if the program aligns with the company objectives as required or not.
- Measurable learning objectives: Start by creating short-term and long-term learning goals. Make a thorough note of what you want your employees to learn from these corporate training programs. Time to time, do review these training to quantify their success. Moreover, do a timely assessment of the company SOPs and keep updating them alongside.
- Analyze your training program: As crucial it is to develop a training program, it too is equally important to keep reviewing is for any changes. Education is a process, whether in school or in corporations. Assess whether the training methods and tools serve their purpose.
- Blend employee training methods: An effective learning approach is one that is both fun and educating at the same time. A great way of achieving this learning balance is by implementing the blended-learning approach in your corporate training programs.
- Post-training support: Training is an ongoing process that never stops. In order to maximize the impact of these training programs, HR has a special responsibility to provide post-training support. This is about helping learners implement the the training knowledge in their routine work.
Corporate training is more than a flashy company gimmick to appear 'woke'. It is now a crucial element for organizational success with advantages like long-term organizational success, higher productivity, better employee retention rate, lower supervision, and fewer accidents. It is more about learning and growing together for a better corporate world.