In the modern business world, many business leaders find themselves too time poor to properly create training programs for incoming staff. While it can seem surplus to core activities, having proper training for your staff can have a major impact on your bottom line. It can take some time, but here are four key benefits worth investing in training for.
Greater employee productivity
One of the most compelling reasons to invest in training resources is the direct impact it has on employee performance and productivity. Fully trained employees have the knowledge and skills necessary to perform their job functions efficiently and effectively.
When employees understand their roles and responsibilities thoroughly, they are more likely to complete tasks accurately and quickly.
Training isn’t a one time thing. Technology, regulations and trends constantly change. Having training at regular intervals is important. It will keep your workforce right at the cutting edge of productivity and industry trends.
As employees acquire new skills and knowledge through training programs, they become more versatile and capable of taking on different tasks, leading to a more dynamic skilled workforce.
This also has the dual effect of setting expectations for your employees. With clear training and skills provided, it should be absolutely clear what the requirements of the role are, ending arguments over what employees need to do.
Reduced risk of compliance failure
Australian workplaces are full of rules in the modern era. Be it pay rules, health and safety, food standards, or responsible service of alcohol, it’s crucial that your employees are fully across the rules and regulations that apply in the workplace.
Having a universal training program reduces the risk of compliance failure here. When your business has a formalised training system for staff that includes the exact policies and procedures they must follow at work, they’re far more likely to follow them on the job.
Having a digital solution is a great way to handle this situation. Systems like Tanda can record proof of training being assigned with digital reporting that instantly provides evidence.
This doesn’t just apply to all the typical training, like Health and Safety. For example, you can provide payroll officers with the relevant resources to understand the Award for your business to improve workplace compliance. Keeping these resources on hand can avoid underpayment claims that can result in large fines.
With universal training procedures in place, you can have confidence that workplace health and safety and company policies are actually being followed. Reducing your risk of compliance issues is a key training benefit.
Lower turnover and better staff morale
Investing in training demonstrates to employees that their professional development is valued by the organisation. This can boost morale and motivation, leading to increased job satisfaction and lower turnover rates.
Employees who feel supported and invested in are more likely to remain loyal to their employer, reducing recruitment and training costs associated with high turnover rates. Lower turnover doesn’t just save on recruitment costs – it means a highly skilled, experienced workforce.
When your team’s all on the same page, it can keep communication clear and expectations aligned, empowering your staff to succeed together.
Upskill managers to save costs
Having highly skilled managers that understand the operational and financial arms of your business can increase efficiency and reduce the cost base of your business. Skilled managers can roster staff with their experience and knowledge in mind, or design a schedule that minimises overtime.
With comprehensive training resources, you can show your managers exactly how to operate and run the frontline while you handle everything else.
Better yet, an all-in-one solution that displays training modules in the same system as rosters, like Tanda, means you can make informed rostering decisions based on how new starters have progressed in their training. Learn more about Tanda’s training feature here.
