Training and development is the life-line of any successful company; it’s vital to the health of the organization. Without it you risk the probability of becoming stagnant, and your competition will run by you so fast that it will leave dust in your eyes. The outcomes of minimizing or eliminating your company’s training and development program are staggering. OK so you save money and the time it takes for someone to implement and provide training. But now look at what you are up against; higher turnover, lower employee morale, less efficiency, less creativity, lower job satisfaction, decreased motivation, a reduced company image, less innovation, less improvement in processes, less company loyalty, diminished team spirit, no pipeline for talent, non-supportive work environment, more problems, less production, more errors, less awareness of company goals and objectives, confusion with the company’s vision and mission, and trust issues.
Other than that everything is fine with your company. If you’re getting the feeling that training and development is vital to your bottom line, then you’re getting the correct feeling. Can you imagine the number of companies that are no longer in business because they felt employee training was not necessary?
Now don’t get me wrong, I’m not saying you have to spend a bundle on training and development, and I’m not saying your work training has to be all encompassing. What I am saying is that by tailoring your training and development, along with your employee’s needs, to paralleling your company’s goals and objectives, you will be supporting your company’s vision a mission statements.
Utilizing a simple yet effective training and development program you can reduce turnover, increase employee morale by increasing job satisfaction, increase efficiency and creativity, improve your company image, provide a pipeline of talent for promotion, minimize problems and errors, and foster a supportive work environment. When employees feel valued and important, they want to work smarter and harder. Basically while the so-called stock value of the employee rises, so does that of the company. So it’s a classic win-win situation.
Find out what needs to be improved in your company. Ask your managers and employees for suggestions and ideas. Do surveys and have questionnaires that can be answered. For those of you who have seen the CBS TV show “Undercover Boss”, if you are able to do that yourself or have someone do it for you so you can learn what needs to be changed and improved, those ideas will give you a foothold for what your training and development efforts need to accomplish.
Remember that one-half of the solution to an opportunity is the awareness that an opportunity exists. So you are half-way home by knowing what needs to be improved, and most importantly what is necessary to help your employees in order to help your company. It all comes down to company training and the development of your employees. Often times it’s just a matter of common sense and simple solutions. The better your team is, the better your company will be.