Table of contents
- Advantages of employee training
- Disadvantages of employee training
- Can Easy LMS help me implement employee training at my organization?
Advantages of employee training
Implementing an employee training program is important to maximizing human capital, gaining a competitive edge, and ensuring employee satisfaction! Read on to learn more about its important role.
Advantage 1: Increased job satisfaction and employee engagement
When employers invest in employee training, it shows them that they are valued by their company
One of the main benefits of employee training is that opportunities for learning and career growth increase employees’ levels of job satisfaction. Many things contribute to job satisfaction, but it all boils down to people feeling good about their work. When employers invest in their training, it shows them that they are valued. It also gives employees the tools they need to grow and feel confident in their job! Job satisfaction is closely tied to an employee’s level of engagement. In today’s workforce, engagement is quite low; only 13% of employees feel engaged at work worldwide! [1] This should not be ignored, as satisfied and engaged employees are more profitable, less likely to miss work, and provide better customer service.
Advantage 2: Increased employee motivation
When a company provides learning opportunities by hiring an external training partner, the employees can apply their new skills and take on new challenges at work, improving their enthusiasm for their job.
According to inc.com, employee motivation refers to “the level of energy, commitment, and creativity that a company's workers bring to their jobs”. Like job satisfaction and engagement, motivation has many benefits, such as lower turnover and increased productivity. Surprisingly, material benefits, such as a company car, influence motivation less than you might think [2]. Instead, employees want to feel empowered, valued, and inspired, which learning opportunities and training can address where material items fall short.
Advantage 3: Improved knowledge equals increased profit
Companies that had comprehensive training programs had 24% higher profit margins
The know-how and skills employees learn through successful training programs translate to tangible benefits like increased sales, improved processes, and more satisfied customers. All of which positively affect the company’s bottom line. In a 2011 survey of 2,500 companies, companies with comprehensive training programs had 218% higher revenue per employee and 24% higher profit margins! [3] Also, employee training is also often established to comply with the latest laws and regulations that are meant to keep them safe (either physically or from data leaks). As well as improving profit, compliance training saves money. Although there is a cost to implement compliance training, non-compliance can cost even more. This may include legal fines, business disruption, and losses in productivity and revenue, which can equate to around $14.82 million [6].
Advantage 4: Increased employee retention
An average company loses 41% of its staff within three years, and one method to slow this is to provide adequate learning and development opportunities [4]. Losing employees comes with a big price tag. Employees take their knowledge and productivity with them when they leave, while the company gets stuck with new hiring costs and low morale. When a company provides employees with learning opportunities, they see that companies are willing to invest in their success. This trend is especially true of Generation Y, who find opportunities to learn and grow extremely important. In turn, they feel like a valued part of the company and more empowered to do their jobs. And employees that feel valued and empowered stick around!
Disadvantages of employee training
Employee training certainly has a large number of benefits, but it also comes with a few disadvantages that can become a roadblock to successful employee training.
Disadvantage 1: High costs
The expenses associated with employee training can be daunting for small and medium-sized companies. Travel costs, training facilities, in-house training development, and equipment can quickly add up! While the average budget for large companies was $17.7 million in 2019, small companies had an average budget of $367,490 [5]. However, there is good news. Utilizing online learning can cut many of these costs! Placing part or all of your training program online will have significant benefits if you train small and medium-sized businesses. Learn more about the benefits of online learning. Learn more about the benefits of online learning.
A half-day of classical training is equivalent to a one-hour e-learning course
Disadvantage 2:Requires time away from work
The time that an employee spends training is time that they spend away from their job. It might not be possible to support a large amount of non-work hours for an employee. As a training provider, you can present this excellent counterargument. While training requires time in the short run, taking employees away from their work ultimately saves companies time in the long run. For instance, employees who complete their training will not need to ask others for help and are less likely to make costly mistakes. Online learning can also help cut down on training time. According to Chapman Alliance, a half-day of classical training is equivalent to a one-hour e-learning course.
Disadvantage 3:Poor quality training can result in poor quality work
We have all heard the saying, “Practice makes perfect”. But what happens when employees start to practice bad habits? Creating high-quality training material is time intensive and challenging. It might be tempting to bypass quality in favor of simplicity. But it can quickly backfire if the training passes on bad habits and incorrect knowledge to employees.
The same argument of disadvantage two applies here. A trainer saves companies time. Initially, it takes time to find someone. But once a company has found a qualified trainer, the work can be delegated, allowing the employer to focus on other important matters.
Can Easy LMS assist me, as a trainer, in implementing employee training across different organizations?
Easy LMS offers a remarkable online solution for seamlessly implementing continuous employee training across multiple organizations
Easy LMS offers a remarkable online solution for seamlessly implementing continuous employee training across multiple organizations. Its user-friendly interface empowers you to manage your time and achieve training excellence effectively. Our LMS is specifically designed to eliminate the hassle of repetitive tasks, granting you the mental space to deliver top-notch training to your valued clients.
One particularly convenient feature is Easy LMS's Academy, where you can effortlessly organize all your content in a single virtual location. You can create a separate academy for each customer, fully customized to their company's style. Repurposing the same training material for multiple customers is a breeze: simply duplicate a course and make minor adjustments. This way, each customer can enjoy a tailored training experience that meets their unique needs. Results are categorized by academy, ensuring clarity and organization.
- Gallup
- Trainingindustry.com
- Cegos
- Huffpost
- TrainingMag
- Cio dive
