When we hear about the hype surrounding corporate training and development, you may ask if it all adds up. Well, it does. And this article takes into consideration the benefits of creating a healthy learning and development culture at your workplace.
Three Reasons Why Learning and Development is Good for Organizations
Your organization becomes the most sought after employer
Without any doubt, this is a prime benefit. A survey revealed that 86% of employees valued training and development opportunities provided by their organization. Moreover, almost all of them also responded that they’d consider switching organizations if the new employer is ready to provide them with job-related training that both increase their performance and upskills them. Modern employees do not consider training and development to be additional. Also, they migrate towards organizations known for their training and development. This changes the dynamics of hiring as well. Instead of looking for the right talent, organizations start attracting the right talent.
However, another survey revealed that despite the increase in demand for training, almost 52% of organizations still do not take training and development seriously. Many of these organizations do have instruments for training and development in place. But the training programs are half-hearted at most.
It creates a positive impact on new employees
New talent always prefers a training and development culture. Especially, when they come across organizations whose training and development department operates like a well-oiled machine. Moreover, such organizations are also good at onboarding. A survey revealed that the first month at work is very important for new employees to gauge their employers. It creates a positive or negative image in the minds of employees. And, also determines how long they’d be willing to stay with an organization.
Skipping onboarding results in talent exiting the organization within the first six months. And, employees with no training and development background react adversely to changes in the work environment.
However, even a moderate amount of training sets up new employees for a career stint that is both challenging and rewarding. Also, it makes them want to stick for longer. Such organizations will also find that their employees do not adversely react to changes and updates in workflows because of their ability to accept new information and process it better.
Vital new positions can be filled internally
Finally, organizations with an experienced L&D team which is actively engaged in developing their talent almost always look to fill their new positions internally. Through their culture of continuous learning and options for employees to learn and grow, these organizations successfully identify and train future leaders. Additionally, they also retain their best talent from leaving for other opportunities by allowing them to grow vertically within the organization.
L&Ds always try an upskill internal employees over hiring new talent. This way the senior management are already versed with the company culture. Moreover, being through the journey of training and development themselves, they are perfect advocates for upskilling and are also responsible for encouraging employees towards accepting training and development.
It is almost certain that the benefits of training and development are far more than just these three benefits. However, just these three benefits are more than enough incentive for most organizations. And, create this culture of learning and development just as they create a culture of competition and achieving goals.
We assist organizations by creating custom eLearning-based training content that is important for an organization looking to create a culture of training. For more information on how we can help you, reach us at email@example.com or click here to know more.