Why Is Corporate Training Important For Businesses to Compete?
Blog: Good eLearning
No company ever came out on top by failing to evolve. To keep up with client expectations in an increasingly competitive world, it is crucial to optimize the capabilities of your business. This means creating services through efficient and fully aligned internal practices within a culture willing to constantly innovate in order to generate maximum value.
And when it comes to delivering value, your employees are your most important assets! You need to be able to rely on their skills and expertise in achieving targets, optimizing resource usage, and constantly driving improvements. But you cannot expect someone’s skills to stay cutting-edge forever, and certainly not solely on their own initiative. If there is a gap between the capabilities of your staff and what your organization seeks to accomplish, it is up to you to find a solution.
As your business continues to grow, you will find that upskilling your staff is one of the most economical and beneficial solutions to this dilemma. So, exactly how can corporate training help a company stay competitive?
How does employee training benefit companies?
- Teamwork – Training can be an excellent way to build rapport among team members. Team dynamics can be improved via group training activities, as well as resources such as scoreboards. Even simply having multiple employees study the same framework can have a positive effect. Having shared knowledge of the same processes, targets, and terminology will enable them to achieve results far more reliably and efficiently as they collaborate.
- Efficiency – World-class frameworks offer demonstrably effective tools, insight, and best practices for generating value. Optimizing speed and eliminating wastage is always a strict priority for corporate approaches, not just for daily operations but also in areas like HR, project management, and so on. If you want to maximize the efficiency of your business, utilizing proven frameworks is far more effective than simply improving as you go.
- Technology – Employees and departments need to make use of the most appropriate technological elements, whether this means utilizing widely-used programming languages, outsourced tools, or anything else. However, businesses must not only consider technological elements but also how they are applied. Even with employees using cutting-edge technology, management approaches like ITIL or DevOps can still be required to optimize their usage. Indeed, when it comes to technology-based training, it is not uncommon for managers to study alongside teams.
- Sustainability – Investing in training for in-house employees will greatly reduce your reliance on contractors, outside expertise, and new talent over time. This is a far more efficient and reliable business approach in the long term, and focusing on internal improvement can also empower employees to suggest their own ideas.
- Retention – When it comes to job satisfaction, having a clear path for progression is essential. By investing in online training and providing opportunities for employees to enhance their careers, you will find it far easier to retain your top talent. Needless to say, this can also save you from the expense of having to replace key staff.
- Talent – The best candidates out there have plenty of companies to choose from. Advertising that you have established learning, development, and promotion paths can help convince candidates that your company is ideal for them. This can be particularly essential in markets that see continuous evolution, such as software development. Having trained and experienced staff can also help attract newcomers who want to learn from successful practitioners.
- Accessibility – Training does not mean having to sacrifice productivity. While in-house and traditional training requires fixed appointments and employees taking time away from desks, online training courses can be accessed 24/7 from any web-enabled device. Employees can alter their training schedules as work demands and can even study at home or during commutes. A Learning Management System (LMS) can also give training managers access to essential features for onboarding, extracting performance data, and so on.
- Targeted improvements – A framework will typically focus on a specific business function, such as project management, change management, risk management, and so on. Businesses can often find several frameworks to choose from within a given sphere, many of which may be better suited to businesses of a certain type. In short, companies can focus their training efforts in areas they are struggling in and can choose options that meet their own unique requirements. In some cases, the right framework can even turn shortcomings into opportunities.
- Standards – Lots of elements make up a brand, including quality, speed, reliability, and security. Each of these can be improved via training, though it is also worth noting that many frameworks are famous for the standard they set within specific areas. Guaranteeing compliance with COBIT 2019, managing projects with PRINCE2, and so on can all become a selling point to the right clients. By holding yourself accountable to the standards of a framework, you can also clarify performance targets and key ROIs for employees.
Benefits of online corporate training
If there is one thing businesses have learned from the pandemic, it’s the importance of digitization. Online training has been growing in popularity over the course of the Digital Age, to the extent that many businesses will eschew traditional training in favor of mixed training or full on e-learning. This pattern has only accelerated over the last year and a half.
We spoke earlier about how online training courses can be accessed at any time, allowing employees to adjust their schedules and avoid taking time away from essential tasks. However, there are also a number of advantages to consider from a corporate point of view, including:
- The money saved by not having to pay for transport, accommodation, training materials, or in-person trainers
- Standardized training for all participants, guaranteeing a consistent level of quality
- Simplifying the role of training managers via a Learning Management System (LMS) with registration, performance tracking, communication, and other features all built-in
- A wider variety of training materials, including videos and interactive exercises
- Access to online practitioner communities with additional free resources
- Online support from learning providers to ensure the training can proceed smoothly
Good e-Learning is an award-winning online training provider with a diverse portfolio of fully accredited courses. We work with subject matter experts to deliver training that offers practical experience to candidates, equipping them to succeed not only with certification exams but also in their daily roles and future careers.
We offer a range of highly engaging e-learning assets, including instructor-led videos, knowledge checks, and practice exams. We also regularly offer free downloadable resources, blogs, and webinars on the frameworks we cover, giving students access to even more expertise on their chosen subjects. Our support team is also fully qualified to answer questions on course content and can even supply both free exam vouchers and free resits once a candidate is ready.