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Training & Development plays an essential role in many businesses. It is not just about a person’s progress but about helping the business to develop and excel. By taking a strategic approach to training and development, companies can increase productivity and grow exponentially.
There are many types of training available for employees, starting from onboarding to refresher training. Here are the most common types of training offered by companies:
As discussed before, training and development play a pivotal role in company growth. They improve employee skills and increase company growth. Here are the reasons why training and development is important-
Assessing an employee’s skills and talent helps employers identify the skill gaps. When employees are provided with the required training, they get upskilled and perform better. The better the employee performance the higher the team success rate.
For example, all your competitors offered AI training to their employees, and their productivity increased. Why leave your employees behind? If you train the employees regularly and keep them in touch with technology, they will be better equipped to deal with the tasks.
When employees receive training, they believe they are growing. It helps them learn new skills and do better at their jobs. Most training programs come with promotions. When employees feel like they are progressing in their career, they tend to stay with the company longer.
Training employees with new technologies makes them digitally advanced. According to Mercer, digitally empowered employees create high-growth companies. They are better equipped to counter the future risks that can come with advanced technology.
Every company must follow an organized training program that benefits the employees. There is a standard process for training and development:
This step in the training process involves assessing the company’s skill gaps, employee skills and identifying what the employees need to learn. HRs can assess the company needs through surveys, assessment tools, feedback, etc.
Once the assessment is done HRs or training managers figure out the training objectives for employees. For example, an employee is doing exceptionally well in the marketing team but doesn’t have proper training in it. The manager can suggest a marketing training program for the employee and promote them to a better position after the evaluation.
A training manager or HR can design the training module of an employee. It can involve using pre-existing data/courses. But training managers can also customize the training program by creating new training materials. The content for the training depends on the objectives.
An employee is assigned a training program, and they must complete it within a certain period. Once the training is completed the employee is now evaluated. It can be a test that the employee must take, or it they will have to submit an assignment. The training manager judges the employee’s performance after the training and gives feedback.
Some examples of training and development are as follows: –
a. A tax accountant will need to receive yearly professional training on new tax codes.
b. A lawyer will need to be trained in using the computer system for the law firm.
c. Personal fitness trainers will undergo yearly certifications to stay updated on new fitness and nutrition information.
d. A consultant needs technical training on how to use the system to input the total number of hours demanded by a client.
e. In a restaurant, the server needs to be trained in using the cash register system or point of sale (POS) system.
There are creative ways to train employees and companies are adopting trending technologies to make learning more interesting.
AI can process complicated information and create structured plans. When ChatGPT came into play, every company was doubtful about it. We have come a long way since then. AI can be used to create customized training programs and it can also suggest training to employees, based on their skills.
Remote training has made it possible for employees to learn from the comfort of any place. Training can be conducted online, and employees can benefit from it. For example, a company has a remote team, and they started using new software. They can organize online training for employees to get the hang of the new software. Mobile training is also made available by many companies, wherein employees can take training on their mobile devices via apps.
As workplaces grow more inclusive the need for DEI training intensifies. Companies are now taking diversity, equity and inclusion training to reduce the risk of discrimination and create healthier workplaces.
One of the most sought aspects of leadership training and development is ensuring strategic alignment between training programs and business goals.
Training creates deep retention within companies, as it helps employees become more familiar with company culture and dedicates time to understanding their work environment. Training decreases costs by preparing the existing employee for a promotion or recruiting a new employee.
Training & development is job-oriented training to develop the skills required to perform effectively. Learning & development is a broader viewpoint in which an employee gets to master a craft or learn a mix of skills (which can be applied to other areas as well), which enables them to bring varied competencies to the workplace.
The most common types of L&D are onboarding training, professional training, refresher training, and promotional training.
The cycle of training employees to improve their performance and tracking their progress for company growth is called the L&D cycle. It involves assessment, identifying company needs, training allocation, creation of the training module and evaluation of the employee.
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