A stagnant workforce is costly and uninspired. They will not work as hard for you, nor will they feel loyal to your company. It increases employee turnover meaning more money will be spent training the basics and sourcing new employees when it should instead be spent reinvesting in your company.
Helping your employees train and develop their skill set is essentialfor any company’s success. It is the easiest way to curate a great company culture and can help keep every single one of your employees happy and fulfilled in their work. As a bonus, you won’t have to look outside of your organization for new talent. You can instead promote from within and benefit from someone who knows their stuff and your company inside and out.
Before you get to that point, however, start investing in these four vital educational benefits.
Offer Shadowing Opportunities
Shadowing opportunities are great for several reasons. One, because it helps your employees understand the roles each department has. It can help them understand their place in the company and come up with unique and relevant strategies that will push your company to new heights. A marketer who understands the basics of coding, for example, can recommend more realistic suggestions when it comes to your website re-launch.
The other benefit is that you can hire and promote from within your business. For example, you have a job that attracts talented but inexperienced graduates. By offering shadow training, they can learn on the job in their own time and then apply when they are ready. Rather than hire a stranger, you can instead hire someone equally qualified but who knows your company and already has excellent rapport with their coworkers.
Sponsor Training Programs
There are many training programs out there that are quick to do and relatively inexpensive to pay for. By sponsoring your current employees, you can promote from within and benefit from a leaner, more talented workforce. For example, you have a manager on hand who is great at their job, but you also need a health and safety specialist in order to reduce risk in your establishment. You can promote the manager, with a pay rise, once they complete a certification or obtains a certificate from an ASSP course.There are differences between certification and certificate, however, so it is important to learn more today so that you can choose the right course and methods for your company.
Do this, and the manager gets a promotion and a raise while you get a qualified specialist who knows your employees and company inside out. Offering an increasein pay is also far less expensive than hiring even a basic pay employee, meaning your investment will end up saving you money in the long run.
Send Employees to Workshops and Events
Workshops, events, and conferences are all common in industries around the world. Taking part in these events is a great way to boost your company’s reputation, but if you don’t have anything to offer or don’t have the time to sponsor an event yourself, then don’t worry. Instead, send your employees to these events so that they can stay up-to-date with the industry. Not only is it a great learning opportunity, but it is also great for networking. Your managers and higher staff can then bring in new information and potential business partners when they come back to the office.
Tip: Have your employees create a summary of what they have learned so that you can send this information to everyone else in your employment. When everyone is on the same page, then you can all work together towards a successful future.
Sign Up to Educational Subscriptions
Educational subscriptions include things like reports, essays, and even theses. Though they can be long and even dull, they will be full of industry-relevant facts and insights that you simply cannot get from a news article. Subscribe to a database that relates to your industry and keep an eye on new publications as they come. If the report is lengthy, consider making a summary to send out to all of your employees so that everyone can be on top of industry news, statistics, and trends.
When you invest in your employees, you gain so much more than a talented workforce. You have loyalty. You have high retention rates. You have people who are as invested in your success as you are working underneath you. This extra push is what will give you an edge on your competition and allow you to obtain all of your goals.