Talent development leaders define learning culture as a closely aligned business strategy which ultimately leads to increased company performance. But how does this add up? Read on to find out more.
Companies who prioritize corporate training have a clear competitive advantage against those who don’t. In fact, a company outperforms its competitors by up to 19% by investing in training development. In addition, the level of commitment of workers becomes higher and they have fewer turnovers and better incomes compared to companies who do not invest in their employees.
Now, while there are great benefits for companies that care about the training of their workers, training and development activities are often the last initiatives that are approved and are the first to be eliminated when cutting costs. It can be difficult to prove that these activities have a quantifiable effect on income.
Check out these four benefits of corporate training in Singapore.
- Training has a strong influence in the company culture. One of the foundations of a successful organization is a built culture of learning. Immersed in full digital transformation, the HR department through its training and development area has much to say when promoting business innovation through this transformation. In addition, integrating learning to the workplace and sharing good practices create an excellent basis for the company’s culture.
- It cultivates the company’s agility. Corporate agility is necessary for a business to thrive even in the midst of a fast-paced industry-driven world. Training, both online and face-to-face, provides meaningful skills in accordance to the speed with which learning needs to be applied. Hence, business agility is cultivated and the company-employee commitment improves.
- It increases the quantity and quality of the company’s performance. The great access to mobile devices should be seen as an advantage to open the range in the training offer of employees. New generations of employees, especially Millennials and Generation Z, value and even demand that training be adapted to individual needs. The so-called self-directed learning is a reality for these generations of employees.
- It improves efficiency. With a good corporate training strategy, choosing the appropriate modality for the employee profile improves the efficiency of the budget allocated to training. Besides, it helps the employer branding strategies of the organization, both in the retention of talent and in processes of integration of new employees and recruitment.