Does Corporate Training Really Work Well For Uplifting Employees’ Skills and Boosting Loyalty?
What is one of the most expensive mistakes managerial staff makes? The answer is: unsuccessful hires. Indeed, statistics indicate that a wrong hire can cost three to five times the compensation of the candidate.
On the other hand, according to Go2HR (one of the most trusted sources on HR): “40% of employees who receive poor job training leave their positions within the first year.” Lack of loyalty among employees? No wonder why HRs spend a big chunk of time figuring out best ways of improving training programs for staff. So, how to stave people off from leaving in the first year of hire?
Read this blog post, if you want to learn how engaging online training programs can become an effective solution for boosting retention and reaching business goals.
Is Reskilling & Upskilling via Online Training Programs Agility For the Win?
Today, online training programs have become a dynamic and almost inseparable part of any business venture. In 2022, almost 50% of L&D professionals confirmed that those employees who were engaged in corporate training were highly engaged in overall corporate processes as well. Hence, being aware of all the popular/efficient trends in the world of L&D is essential for the effective management of staff. Well, especially in the current COVID-19 realities.
Indeed, there are two types of L&D training that exist today: on-the-job training and online training. If the question arises what kind of training to give, this depends upon a multiple of factors: overall productivity and work experience of employees, particular types of hurdles faced at work, the recent work performance, etc. However, the rising tension caused by the never-ending COVID-19 epidemic is forcing companies to pay more attention to L&D training offered via the Internet. Many have already admitted that it really works!
New “work from home” practices prove that if companies engage employees into online training programs, they won’t bet on the wrong horse. Some of the main positive impacts of taking classes on e-learning platforms are:
Cooperation. E-learning boosts cooperation by enhancing such soft skills as leadership and communication. As employees work and interact in these training sessions, which helps to build stronger interpersonal soft skills, reliance, and support which ultimately leads to better cooperation.
Upskilling. The main advantage of e-learning is in its ability to convert staff into a skilled workforce while providing instant access to learning resources. And then the upskilled workforce can turn complex scenes to opportunities in more effective client-centric ways.
Competency. Effective online programs open more opportunities to employees to apply new skills in response to potential job challenges.
Liability. Less supervision required if the employees are trained well. If employees’ liability is amplified resulting from the effective online training program, more man hours can be put to good use. Plus, staff will be more worked up to take on challenging tasks at hand in the future.
Loyalty. An effective corporate training program delivered online instills values of learning, evokes creativity in staff, improves decision making skills, breaks the ice and contributes to interacting more openly. Hence, an increased self-esteem motivates employees to work better and develop a stronger sense of loyalty to a place of employment. And that’s just like having a healthy fruit in the diet – the bigger employees’ loyalty, the more companies benefit from the positive corporate culture.
Of course, corporate training programs vary depending on the company. For example, a company that lays concrete for warehouses odds are will probably need a different training program compared to a tech software company.
Still, engaging workers in online training builds a progressive company’s image, foster loyalty, and boost retention rates. Plus, a good online training program also makes any company look more progressive, therefore, more attractive to new recruits.
How Does the World of e-Learning Build the Generation of Internet-Enabled Upskilling?
Obviously, staff upskilling through e-learning helps employees understand their jobs and company’s policies better. Proper training contributes to higher retention rates, greater job satisfaction and, as a result, increases loyalty of staff. People feel like they work in an inclusive atmosphere where everyone feels like they can contribute. And this is a part of the retention secret sauce. Which makes an overall job satisfaction a necessary ingredient for efficient and enthusiastic behavior of staff. And that’s the case when a proper corporate training really adds to that dish and brings the whole meal together.
Any corporate training initiatives have a similar purpose: evaluation of the difference in the performance of staff before and after the training took place. That way the company gets a much better picture of all the benefits or potential drawbacks which come with any L&D training.
But if you’d look at the other side of the coin, you’d see that developing effective training mechanisms that would provide up-to-date data about the gaps in knowledge and skills within the departments can be time consuming and rather costly.
Good news is that collaboration with e-learning platforms doesn’t mean companies have to invest tons of funds in training since there are already-made training solutions available. Luckily there are some tools that provide good assistance for these kinds of compliance training. One is Grinfer for Business that offers a training platform that takes the stress out of learning. Participants can log in from anywhere and on-the-go because it’s incredibly mobile. Person can watch one course or even a lesson per day and he/she is done. It’s almost like checking your Instagram, but more informative and career related.
Grinfer for Business is not only about the value-adding L&D activities but is also about performance metrics which can be now implemented easier, thanks to online technologies. This e-learning solution effectively builds a continuous cycle of learning with easy access on-demand not just to career related courses but also to a wide library of content for “your body and soul”. Or, in other words, things that are fun to learn in your spare time. Here learning is not a part of the job, it is mixed with enjoyment of learning something new about the stuff that you love to do outside the job.
What a Company Can Do To Future-Proof Its Employees?
An experience shows that whenever a company builds a continuous cycle of learning, this will not only contribute to a corporate culture across the SME. It also adds a competitive edge that encourages staff in a good way to become more productive and efficient. However, everything really depends on the type of company’s training initiative.
For example, a good showcase of such team training would be collaboration in 2021 with a middle-sized IT company called Severex. Initially, this company’s goal was to find a highly efficient e-learning solution that would work well for upskilling company’s work teams with on-demand skills upgrades, rapid upskilling, and reskilling.
Since Grinfer for Business also engages teams by continuously measuring students’ progress/learning outcomes, after about 3 months of training, Grinfer has collected feedback from the Severex learning teams about their personal learning experiences, insights, achievements, success stories, and any drawbacks that they’ve faced along the way. The survey responses indicated that learning paths correlated with employee engagement which boosted productivity and the effectiveness of teams.
At the same time, this training initiative has built a stronger team spirit and contributed to maintaining a healthy corporate culture across the business. Severex employees, who took part in team learning, have admitted that the learning experience positively influenced their overall job satisfaction. And that most of them felt like the company does a good job in taking care of their needs.
Many respondents admitted that most upgrades they received on hard and soft skills were useful and helped them find new creative outlets for scaling and accomplishing set goals more effectively. By the end of the training cycle, the overall productivity of Severex staff had ticked up to about 15%. At the same time, interaction with the Grinfer for Business platform has ramped up showing the increase of 30%.
In addition, the Severex HR department was provided with enough data (accumulated from the Grinfer’s custom reports and learners’ engagement rates) for finding better ways to develop long-term learning paths that wouldn’t demand costly investments. And, at the same time, would increase the absorption rate, break the daily routine, and boost employees’ loyalty.
Taking into account that retention rates and employees’ loyalty to a place of hire are the two pressing issues (since the cost of employee turnovers can be high), this puts L&D training programs in a high priority list of organizational charts. And if a company’s staff is filled with people who are always up for learning – always is a good sign.
Today, companies recognize the undoubtful benefits of utilizing e-learning platforms and marketplaces for corporate training of staff due to flexibility, mobility, and accessibility of e-learning. The number of companies that go for external e-learning resources (like LMS or online learning marketplaces) has been ramping up since 2020 for both, individual and group training sessions.
Corporate training delivered via e-learning platforms may still raise some contradictions. The main concern is that you can motivate employees with proper training and you can kill your employees’ motivation with improper ways of training. However, with the rapidly growing popularity of the eLearning industry, investing time, money, and efforts into adequate online educational resources is one of the smartest decisions that business teams can come up with today.