In the current status quo when every firm is looking to revive itself, the unemployment rates are increasing as more graduates struggle to find a job and the hired employees struggle in finding a platform that gives them the space to grow, it is inevitable that the corporations act on it. This is where corporate training comes into being.
Corporate training refers to working towards the betterment of the human capital at the concerned corporate. The training’s end goal is to improve the effectiveness of organisations while bringing about a significant change in their productivity rates. This is accomplished by enhancing the performance of professionals through personalised and usually one-on-one training. In the present times, a lot of corporate groups have resorted to exercising the same to inculcate corporate education in their workplace and benefit their employees at a personal and professional level. When corporates make the employees believe that they care for their personal growth and development, the hiring and retaining of talent automatically increases. According to a survey conducted by LinkedIn, 94% of employees stated that they would commit to staying at a company longer if the company invested in their development. At the end of the day, everybody wants to be validated and
“The only thing worse than training your employees and having them leave is not training them and having them stay.” — Henry Ford, Founder, Ford Motor Company
Advantages of Corporate Training
- Hiring the right people
When employees and senior executives are trained, their thought processes change for the better. The present employees work more efficiently and the ones responsible to hire new talent know better about which people can be hired and retained in the longer run.
- Inculcating leadership
Once the skillset, strengths and weaknesses of an individual are recognised, it makes it easier to help them get better at their job and see if they are a better fit for a different role. This helps them know more about the field they are associated with and lead freshers.
- Holistic development
Apart from increasing the corporate’s productivity rates or performance levels, these training programmes certainly help individuals in their personal growth by constantly educating them about their field, working on their written and oral communication skills, language and linguistics, interpersonal skills and help explore their creative side. The persistent motivation that is provided to an individual through these training programmes remains unparalleled and pushes people to do better on their own.
Looking at corporate training as a whole, the program needs to be designed according to the needs of every employee so that the learning efficiency increases and the needful knowledge and skillsets are honed for an individual. Moreover, when people are confident about their job profile, they’ll come to work wholeheartedly and go back from work with a sense of satisfaction. Moving away from monotonous presentations to training programmes is extremely important but what is even more important is the fact that post-training, these skillsets need to be utilised. It is essential to follow up, take feedbacks and see if the employees can put their training to use in real-life situations.
“An organization’s ability to learn, and translate that learning into action rapidly is the ultimate competitive advantage.” — Jack Welch, former General Electric CEO
It is time to work on getting better business outcomes.