Why is Corporate Training Important?
Corporate training can effectively add years of experience to someone’s skill set, giving both individuals and companies the growth they desire.
As Henry Ford, founder of the Ford Motor Company and peerlessly shrewd business leader, once said,
“The only thing worse than training your employees and having them leave is NOT training them and having them stay”.
Making the most of internal talent is a smart business strategy, it saves on recruiting costs and limits attrition. Companies end up with employees who want to stay at their jobs and who are also growing better at their jobs. It’s truly a win-win scenario.
Benefits of Corporate training programs
In addition to generally boosting company-wide competencies, corporate training programs can also provide a ton of company-wide benefits.
These programs can…
- Target any performance metrics, whether you’re looking to address crucial business challenges, meet stretch objectives or improved quality of work.
Improve retention Many studies suggest that it costs half of an employee’s annual salary to replace an employee. An effective training program saves companies a substantial cost in terms of employee turnover with improved employee retention, as Millennials look for jobs as development opportunities.
- Help employees, just by participating in the program, develop communication, and collaboration skills, and other soft skills that immensely benefit the entire company.
- Boost your bottom line and profits with higher-performing sales teams and enhanced efficiencies.
- Help companies fill executive teams with internal talent trained to excel in specific roles with higher quality of work.
- Motivate employees by cultivating their self efficacy, which in turn can give them the confidence to perform better and makes the organisation profitable in the long run.
- Build Corporate Culture – An effective training program helps build corporate culture by aligning corporate values and strategy. Investment in corporate training also sends a message to employees that they matter.
BENEFITS TO ORGANISATIONS
- Increased productivity
- Conflict reduction
- Higher Levels of Motivation
- More Effective Leadership
- Better organizational commitment
- Retention of high performing employees
- Developing high potentials for higher responsibility
BENEFITS TO ORGANISATIONS
- Improves Self-Confidence
- Better work life balance
- Improved time management
- Better self-awareness
- Enhanced work and personal relationships
- Seeing things from a different perspective
- Greater Empathy and Emotional Intelligence
Leadership Training
Offering leadership training to existing employees is an excellent way of retaining them. A leadership training program helps such employees be future-ready and shows them that your organization wants to invest in their future at the company.
Such training aims at providing holistic development of employees by improving their communication skills, goal setting techniques, collaboration, forecasting, behavioural interviewing, conflict resolution, and team building.
Effective Communication
Effective communication is crucial for successful team collaboration and goal alignment. Effective communication training focuses on verbal and non-verbal aspects of communication. It allows team members to experience first-hand how well people receive their ideas and improve further.
This training offers multiple benefits such as team building, increased productivity, and efficient problem-solving. Your team members will also be able to resolve conflicts better and send out effective business communication in emails and messages.
Conflict Resolution
Offering leadership training to existing employees is an excellent way of retaining them. A leadership training program helps such employees be future-ready and shows them that your organization wants to invest in their future at the company.
Such training aims at providing holistic development of employees by improving their communication skills, goal setting techniques, collaboration, forecasting, behavioural interviewing, conflict resolution, and team building.
Time Management
Time is the most valuable resource to organizations, and with employees juggling multiple tasks simultaneously, it becomes essential to train employees on effective time management. There are instances when employees might fail to prioritize their work, leading to missed deadlines and stress. Time management training program teaches employees to prioritize multiple tasks without falling behind on the assigned deadlines.
Strategic Thinking
Strategic thinking is the practice of selecting a long-term goal and formulating an action plan toward reaching that goal. This forces you to think and plan several moves ahead than you would normally. It includes goals, objectives, planning, resources, and more. For example, a company’s Strategy includes topics such as where it wants to go, how to interact with customers, and how to revise its current trajectory if needed.
Strategic thinking can help in many aspects of the job and advance one’s career by creating actionable steps to help reach the desired goals. Strategic thinking often requires to assess a situation or process and break it down into steps by choosing the best approach to solving a problem.
Change Management
Business organizations today are facing change on a regular basis. As technologies continue to transform entire industries, organizations must modernize and readjust their business outlook, work functions and even their overall goals in response to external market drivers and disruptors. With the employees facing such a variety of change, creating a standardized organization approach to change has become increasingly important for managers wishing to ensure all types of transitions remain as smooth as possible. This is where change management comes into play.
Change management is the application of a structured process and set of tools for leading the people side of change to achieve the desired outcome. We apply change management by helping individuals impacted by a change make the successful personal transitions that enable them to engage, adopt and use a change.
Customer Service management
It doesn’t matter how great your product is: If your customer service is poor, people will complain about it, and you’ll lose customers. It’s not impossible to turn things around. Transforming your customer service from mediocre to great won’t happen overnight, though. It requires a serious commitment to meaningful change, a team of strong support professionals, and work across the entire organization.
Customer care is more than just delivering the services that consumers expect from the business or providing the right technical support. It’s about meeting their emotional needs and fostering relationships. To do so, you must treat customers how they want to be treated. You need to listen to each individual’s needs and find the best solution.
Our well crafted training programs by industry experts provides all the required customer service skills that is required for every professional to develop and every leader to look for when building new team members.
Planning and Organisation
Planning and organising skills helps to manage time, tools and resources to reach a goal. Without planning and organising, there would be chaos. Nothing would get done and everything would be a mess. Planning is vital at all levels in the workplace. Every manager must plan the workload, resources and time required of their team. Senior managers have to plan the goals and aims of the department.
The training program will cover the 5 Process Steps of Organizational Planning 1 Develop the strategic plan 2 Translate the strategic plan into tactical steps and create tactical plans. 3 Plan daily operations plan 4 Execute the plans and 5 Monitor progress and adjust plans.
Soft Skills Training
Soft skills are non-technical skills that can define how we interact with others and build relationships. These skills are applicable to all workplaces and relate to skills such as public speaking or leadership. Soft skills are also known as core skills and common skills.
Soft skills training focuses on developing skills such as communication, teamwork and problem solving. Other soft skills include emotional intelligence, a positive attitude and taking the initiative. Soft skills are not industry or role-specific, rather skills that relate to personality and behaviour. Soft skills can be highly desirable for businesses and are important components of a resilient, empathetic and motivated workforce.
Work Life Balance
Employees are busy at their offices throughout the day and sometimes even on weekends. This gives them very little time to interact with their family. Because of high pressure of work, often family members get neglected. Also, stressful jobs cause the health of employees to deteriorate. This is where work life balance come into the picture. Work life balance concept allows an employee to maintain a fine balance in the time he or she gives to work as well as to personal matters. By having a good balance, people can have a quality of work life.
This helps to increase productivity at workplace as the employee is relaxed about his personal commitments. It also allows the employee to give quality time with family to have leisure time, work on his/her health etc. Hence work life balance is extremely important for employees and increases their motivation to work for the company.
In addition to these go-to topics, we offer one-off programme, as well as training that’s customized to key segments, including: individual contributors, first-line supervisors, middle managers, and senior-level leaders.
Training is crucial for an organization’s development and success. Our training programs enables the workforce to be more productive, efficient, adaptable and improve their skills in areas including communication, critical thinking, and problem-solving. It improves employee morale, reduces chances of errors and improves employee retention.
New Managers and line Supervisors are at the heart of an organization, driving everything from bottom-line performance to culture to talent development. Because of their unique position, developing first line supervisors can improve your entire organization’s health and set a positive tone in your culture.
- Middle managers face a constant barrage of opposing agendas, conflicting people, and contradicting expectations. They’re in the very middle of the flow of information. They have to be skilled at leading up, down, and across.
- The Middle Managers Training Program is about making that vital transition and exploring the knowledge and skills that will confidently take you to that next level of competence – from professional to inspiring leader.
- To transform themselves into strategic leaders Senior Managers, need to broaden their understanding of the emerging business environment, hone their quantitative and qualitative skills.
- Senior management training is designed to equip executive managers in three areas: developing people, strategic planning and managing change through a mix of hard and soft skills.
FINAL THOUGHTS
There are a multitude of employee training programs available that are specific to different aspects and benefits. Consider the most suitable type of training program for your workplace depending upon the overall organizational and individual employee requirements.
Implementing the right training program for your organization enables you to create rich learning opportunities that can truly empower your employees to grow with the organization.