Importance of employee training and development

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Importance of employee training and development
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• The one aspect that often tells louder than
  fineness is development. Audiences undoubtedly
  love and appreciate an award-winning athlete,
  someone with natural talent and consistent,
  high-level performancebut think of how they
  react to the former bench staple who worked
  relentlessly to surpass the performance of the
  naturals. These players, the underdogs, get
  just as much, if not more, respect.

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• In the same way, businesses should understand and
  support their employees incessant improvement
  and personal development. A large number of
  high-performing companies have introduced
  employee training and development programs in
  order to turn underdogs into ultimate leaders.

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What is employee development and training?

• Employee development and training refers to the
  process of deliberately investing time, energy,
  and resources into the development of company
  personnel. Above all, employee training and
  development is more abou learning software
  skills training, workflow modification, and even
  job shadowing are general examples of employee
  training and development.

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• While the words training and development are
  often used exahngably, there are major
  differences between them that should influence
  the way company leaders think about performance
  improvement.

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• Training refers to teaching an employee new
  skills to help them improve their job performance
  and work more efficiently. A few examples of
  employee training programs might include 
• Company-wide training on using new work
  management software 
• Department training on how to use new machinery
  to increase productivity
• Individual training on how to bill and invoice
  clients for a new hire

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• Development, on the other side, refers to the
  development of existing skills. A few common ways
  companies invest in employee development might
  include 
• Presenting a workshop on interpersonal
  communication
• Hiring a consultant to tackle weaknesses in
  workflow and inter-sector communication
• Providing one-on-one mentorship for budding stars
  and future company leaders

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• In the competitive era of modern business, young
  company leaders must always search for ways to
  lend an edge. Leadership, money investment,
  market share, and product and service offerings
  are certainly important, but employees are the
  substratum and the blood of any organization.

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Benefits of Employee Training and Development

• Inviting and retaining talent
• Employee training and development often leads to
  more satisfied team members, making it an
  intrinsic part of the talent management process.
  Studies reveal that when employees feel
  capitalized, are provided opportunities to
  enhance and advance, and feel valued for their
  unique contribution to a shared mission, they
  tend to stay with the company longer and even
  become internal advocates for the company
  mission.

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Growing profits

• Under skilled employees cost businesses millions
  of dollars every year. Dismissals in team
  responsibilities, liabilities from employee
  faults, and unproductive workflows are the main
  capital drains of even the most positive
  companies. Employee training and development
  programs can help you grow the talent you already
  have to keep valuable company knowledge and
  tenure in house, decrease turnover, save on
  hiring costs, and exploit your profits.

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