Why Job Training Programs Are Worth Your Business's Time

Why Job Training Programs Are Worth Your Business's Time
Thursday, February 8, 2024 by Haines City News

You know that investing in your employees is important, but do job training programs really move the needle when it comes to performance and retention? Absolutely. While it may seem simpler to stick with the status quo, implementing training initiatives like skills training, leadership development, and more creates tangible returns that directly benefit your bottom line. Read on to learn exactly why taking time to train your team is well worth the effort.

It Supports Employee Retention

Job training programs for businesses show employees that you're willing to invest in their growth. This makes them feel valued and boosts engagement, motivation, and loyalty. According to LinkedIn's 2022 Workforce Learning Report, 94% of employees would stay at a company longer if it invested in their careers. Additionally, the report found that employees who feel their skill sets are improving are more likely to feel confident in their work and trust their leaders. According to Zippia, based on pay per employee, companies with comprehensive training programs have 218% higher income than those that don't.

It Boosts Performance Metrics

Comprehensive job training programs for businesses don't just make your workforce feel warm and fuzzy, but they also make your workforce excel at hitting key performance indicators (KPIs). Whether it's productivity, work quality, efficiency, or customer satisfaction, training helps move these metrics in the right direction. In fact, 93% of HR leaders surveyed agree that training programs positively impact performance, according to a report by Miller Heiman Group. You get to enjoy the fruits of this high performance with objective measures showing clear improvements tied directly to your thoughtful training initiatives.

It Keeps Skills Relevant

Even if you hired someone last year who had totally relevant abilities, skill sets can become outdated fast depending on your industry. Job training programs for businesses enable you to reskill and upskill employees, so they can keep pace. Maybe there's new technology to implement or a pressing need to expand digital capabilities. Effective training keeps your workforce just as qualified as the day they started... or more. Without continuing education, your workers' abilities may quickly become irrelevant. Stay cutting edge and support continually evolving competencies through impactful training programs.

Now that you know exactly why job training programs pack a serious punch for retention, performance, and relevant skills, it's time to get started creating your own workforce training strategy. Thoughtfully assess organizational needs, individual employee growth opportunities, budgets, and available programs to develop impactful initiatives. The time and money invested will come back to benefit your business tenfold through satisfied, thriving employees and impressive gains. If you're ready to offer job training to your employees, we can help. Reach out to Haines City Economic Development Council today or one of our partners Polk State Corporate College & CareerSource Polk.