Increasing the skills of your staff is good for your business and good for your workforce. It can improve the performance of the staff and therefore the business having an impact on profit as well as staff morale
Good for the employer
You can target the skills to meet the needs of your operation for now and in the future
Better work safety practices and productivity improvements
Investing in your workforce through training demonstrates to them that you value them and therefore improving loyalty and staff retention. In turn, retention is a saving to you.
Good for your staff
In acquiring new skills, staff can increase their contribution to the business and build their self-esteem
The training they do can take them into other positions within the organisation – positions with better prospects and/or better pay
If they’re upskilled they are able to do more varied tasks, which keeps them motivated and fresh.
Whilst being trained on your time, they see that you value them enough to invest in them. A good company is seen as one that retrains rather than churns.
Other benefits to both employee and employer:
Increased capacity to adopt new technologies and methods
Increased innovation in strategies and products
Enhanced company image, e.g., conducting ethics training
Risk management, e.g., training about bullying and harassment, discrimination in the workplace