Why Formal Training Programs for Job Demands & Career Development Retain Your People and Improve your Culture - Lisa Askwith
Lisa Askwith - "Engaging Your People for Success"
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Welcome to the last week of October, we are on the end of year Christmas countdown now!!!!! We are continuing to journey towards your success through Engaging Your People. I am looking forward to getting to know you and helping you achieve the goals that you have for your business. We have a great mix of Global businesses, small and large that listen in every week and add to our vibrant community. However it's worth noting that small businesses employ 57% of the planet's population and their needs are often overshadowed by the needs of Big Business in most countries or economies. So if you are finding your business in this situation, please reach out to us at IBGR. We are here to help improve your ability to succeed by focusing on you and your business. You can always reach out at our version of a Chamber of Commerce. Join Up and gain access to our Hosts and access our library of best practices.
This week we continue the programming structure. We use a Balanced Scorecard to format our weekday shows: Finance (Monday) = Operations (Tuesday) + Sales (Customers) + People (Employees) with Fridays dedicated to Owners. Look at the week this way - Monday through Thursday is working IN the Present, Friday is working ON the Future.
Have a great business week.
Today’s show is about Formal Training Programs for Job Demands & Career development, and how they lead to better retention of staff, and an improvement in your culture.
Every business has some type of training need from onboarding, specific technical competencies, management, leadership, marketing, sales and or communication. Investments in talent development help to improve job satisfaction and retention by providing a path for personal and career development. At the same time having open, inclusive and supported training programs will help to improve the culture in your business, as they lead to staff feeling valued and recognised, which in turn spreads to their work ethic and motivation.
As your company continues to grow or become even more efficient the need for formal training programs will increase. On the most basic level training programs help to equip your team with the tools that they need to succeed and provide a foundation for future leaders and managers within your organization. However, I want your business to be the best that it can be, so to enable this we need to look deeper and capitalise on the entire people spectrum. Training programs should also be selected to help improve your culture and retain your staff. They should be more than enforced learning. In fact, only the technical job aspects should even be thought of this way. Your programs should branch out to also include organisational, humanistic and leadership based learning and development. When this happens they then tailor into the career development pathways that you have provided, and capture many more of your people. This leads to increased knowledge and expertise in YOUR business, but often more importantly improved morale, as your pepe feel valued and needed. Not overlooked. Allowing them to access non core training shows you are serious about their development and support their career goals. This leads to an obvious uplift of skills for any business, but more importantly it starts to also improve your culture, nudging you towards the employer of choice space, rather than just another employer or job. This is the best use of Formal training Programs, and how they can increase your staff retention and improve your culture.
To remain competitive in this you must continue to invest in your people, not just your business.
What You Need to Know
Effective training programs are crafted considering the values of the organization and the actual needs of your employees. Training for the sake of training will not move you closer to your goals. Training for the sake of training is like random physical exercise which may be beneficial but not as effective as a well thought out training regime. You need to capitalise by signaling to your employees that you value them by investing in their development. Obviously workplace training is an effective way for organizations to increase productivity as well-trained employees can be more skilled in their jobs and less likely to make mistakes, resulting in greater efficiency and effectiveness. However more importantly well trained employees are happier, understand and can complete their work and feel valued, and this leads directly to an improved culture. Great cultures can make a business and take it to the next level of success.
Key Issues - Employee Perspective:
What You Need to Do
Previous: Episode P5/6 003 Promotions need to be based on Performance not Connections
Next: Episode P5/6.005 Responsible for Continuous Improvement Should be on Everyone’s Mind
Written by Lisa Askwith
The Director of ApexBRS | ApexBRS, Regional Director of See Global Media, Chair of EGN Singapore, and Associate Professor Cambridge Corporate University | At the Age of Change, providing the HR component of the Global Executive MBA.
You can connect with Lisa on any of her platforms
LinkedIn Lisa Askwith - Director - Apex BRS
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