9 Reasons Why Ongoing Training & Development is Beneficial to an Organization

9 Reasons Why Ongoing Training & Development is Beneficial to an Organization.

Consider this:

According to research on memory and retention, learners tend to forget an average of 70% of new information within a day.

How, then, do you train employees to remember all the new information presented to them in your training and development initiatives?

The answer is simple and backed by science: consider investing in ongoing training and development programs for your employees instead of traditional, one-off sessions focusing on information delivery. Repetition over time and re-exposure to the same material have proven to engrain learning significantly. 

The impact of continuous training and development in an organization is manifold. Listed below are 9 of them:

• Boosts Employee Performance: This one is a given. Ongoing training boosts employee performance as it identifies skill gaps and bridges them. Regular training builds new skills, reinforces concepts learned, and creates behavioral change.

• Increases Employee Engagement: An organization providing ongoing employee training proves they are invested in their careers. This, in turn, creates a motivated and enthusiastic workforce.

• Creates Job Satisfaction: Employees who realize that their companies are invested in their growth and provide career support are often the happiest in their jobs.

• Decreases Employee Turnover: Employees who are happy with their jobs and loyal to the organization are less likely to leave.

• Provides Cost-Savings: Decreased turnover owing to ongoing employee training reduces the high cost of new hiring and onboarding.

• Improves Customer Satisfaction: Employees who receive ongoing training provide better customer service and meet customer needs appropriately.

• Contribute to Organizational Goals: By attending ongoing training and development programs that directly align with organizational objectives, employees gain the skills and knowledge required to achieve organizational goals.

• Ensures Risk Compliance: Employees attending ongoing training know the latest compliance standards and risk requirements. This reduces the legal and compliance risks for organizations.

• Makes the Workforce Future-Proof: A culture of continuous learning creates a workforce well-equipped with the latest tools and technologies, making them virtually future-proof.

These are some of the direct and indirect impacts of ongoing training and development in an organization. Can you think of more? We would love to hear your thoughts in the comments section below!