Staff Training: How it Can Help Your Company Evolve
Staff training and development has never been more crucial than in 2024. With continued technological advancements and rapidly changing markets, employees must develop skills and knowledge to help their companies remain relevant. This is where corporate training and development comes in. MANCOSA offers a wide range of postgraduate programmes to help companies develop their staff member's skills so they can help drive current and future success. This article covers corporate training and the six main reasons why it's essential. We also give you the steps you can take to enroll your employees in advanced programmes to help your company thrive in a competitive landscape.
What is corporate training and development, and how does it differ from in-house training?
Staff training and development are vital for company growth.
It involves providing employees with knowledge, skills, and resources to help them perform their jobs safely, efficiently, and with higher-quality output. It can also help them adapt to changes and feel more engaged in their roles.
Undoubtedly, workplace training is a crucial investment, and it’s no wonder that employers worldwide allocate a significant budget of over $1,200 or R22,000 per employee for this purpose. The financial benefits of personnel training, such as increased productivity and reduced turnover, make this expenditure a wise choice for any business.
Here are some types of training you could provide to your employees:
- Onboarding and orientation are provided to employees when they start at your company. It can help them become familiar with your company culture, processes, and policies.
- Job-specific training focuses on enhancing the skills required for a particular job. It may include learning about new tools, equipment, and techniques relevant to that role. For example, a financial analyst may be taught about a new tool available in the market.
- Professional development and upskilling involve providing employees with training to enhance their job skills and advance their careers. This could increase employee retention and help you build leadership within your company.
- Safety training ensures that employees are knowledgeable about workplace safety and protocol. This may include training on first aid, using equipment safely, and emergency procedures.
- Diversity and inclusion training aims to create an inclusive workplace by teaching employees to communicate respectfully and accept their team members’ cultural differences.
- IT security training teaches staff to safeguard data, use secure passwords, and recognise hacking attempts. This is essential as cybersecurity becomes more vital with the continuous implementation of technology.
- Soft skills training teaches employees to communicate, listen, and solve problems effectively to improve relationships and productivity.
There are many different ways companies can provide workplace training. These include:
- In-house training is when companies conduct training sessions internally.
- External training is where companies partner with other organisations to train their employees.
- Online or e-learning, where companies provide online courses to their workers for more flexible learning.
- Cost-sharing is where companies cover most of the training costs, and employees are responsible for the rest.
6 ways staff training will help your business
Providing staff training is a critical investment for your company. Here are some of the main reasons why:
1. Enhances skills and knowledge
Training and development help employees build new skills and deepen their expertise and knowledge in a specific field. This will help them perform their jobs better, take on more responsibilities, and serve your company better.
2. Boosts productivity and performance
Trained staff can complete their tasks faster while producing higher-quality output. As they become better at their roles, productivity, and performance will naturally improve, producing better outcomes for your company.
3. Improve employee satisfaction and retention
Training and leader development can improve job satisfaction and decrease company turnover. Satisfied employees are more likely to remain at your company if they feel you’re invested in their growth and development, which will foster a positive company culture.
4. Fosters innovation and adaption
Training your employees will encourage them to think creatively and embrace new ideas. As they learn about the latest trends and technology, they’ll be equipped to adapt to changes and be innovative. This can lead to better processes, marketing campaigns, and product development.
5. Helps maintain competitive advantage
Your employees must remain current with your industry’s latest developments. Training will help your workers learn about new trends, technologies, and procedures so they’re well-equipped to help your company maintain a competitive advantage.
6. Ensures compliance with industry standards
Many industries have rules and standards that must always be followed. Training helps your staff understand and comply with these rules so you can avoid legal or financial penalties.
How to register your staff for corporate training
Companies can enrol their employees in training and development in numerous ways depending on their goals and available resources.
Here are the general steps you can take:
- Step 1: Start by assessing your training needs by doing performance reviews, getting employee feedback, and talking to managers of different departments.
- Step 2: Set clear objectives for training programmes. Consider your company’s needs and address specific skills and knowledge gaps.
- Step 3: Choose the right training provider to deliver tailored employee training. MANCOSA is a reputable staff training provider offering numerous different training programmes.
- Step 4: You can offer financial support to employees by fully or partially covering tuition fees so your staff can become more skilled and help your company succeed.
Depending on preferences and requirements, you may provide your staff with a range of staff training courses, from short programmes to postgraduate qualifications. Many companies assist staff with building onto their degrees with postgraduate studies. Here are some of the postgraduate courses offered by MANCOSA:
- A Postgraduate Diploma in Artificial Intelligence that teaches employees how to implement AI into company processes for more efficiency, accuracy, and productivity.
- A Postgraduate Diploma in Project Management will help you develop strong company leaders with an advanced understanding of different concepts and approaches to managing projects effectively.
- A Bachelor of Commerce Honours in Marketing Management will help your marketing professionals learn advanced marketing skills, including services marketing, research methodology, and more, so they can stay up to date with the latest trends.
- A Master of Business Administration will equip staff members with the tools to implement innovative and strategic management within the organisation, considering the rapidly changing and information-rich global marketplace.
Register for staff training courses with MANCOSA
Employee training is vital if you want your company to maintain a competitive advantage and grow strong business leaders who can drive your business into the future.
Consider enrolling your staff into MANCOSA’s range of corporate staff training courses postgraduate courses to equip them with advanced skills and knowledge in their fields.