When some employers consider on the job training, all they can think about is the time, money and effort that’s involved. In turn, many are reluctant to offer this type of training to their employees. But when you look at the big picture, on the job training is often ideal and can yield several key benefits. Here are some specific reasons why many experts suggest going this route.
Lower Turnover Rate
Having a high turnover rate where employees leave prematurely can adversely affect your business in multiple ways. For instance, it can be costly, time-consuming and potentially diminish your brand reputation. The interesting thing is there’s a definite correlation between on the job training and employee retention.
In fact, studies have found that “40 per cent of employees who receive poor job training leave their positions within the first year.” But by making efforts to provide proper instruction, you equip your staff with the necessary tools to thrive and increase the likelihood that they will stick around.
Increased Job Satisfaction
Employees who receive proper training report being nine percent more committed and 16 percent more excited about work. While those numbers may not sound staggering, they prove that on the job training creates a breeding ground for success and often makes for happier employees. This is important because your staff will be more inclined to put forth effort, be more engaged and more productive. All of which contribute to your bottom line and profitability.
A Deeper Understanding of Their Role
When there’s comprehensive training such as this, employees are able to develop a wide range of skills and gain a knowledge of the nuts and bolt of your business. They’re able to gain a better perspective of their role, what it entails and what their place is within your company. This is important because it gives them a chance to develop a variety of skills so that they’re more flexible once they’re actually performing their duties in a normal setting without supervision.
Reduced Learning Curve
No matter how experienced a new employee is, it’s going to take some time to get acclimated to a new position. There’s an inherent learning curve, and there’s just no getting around it. Without proper training, new employees are more likely to make needless mistakes, and it may take a considerable amount of time before they’re fully acclimatized. But you can minimize this learning curve by taking a hands on approach to training, and employees are more likely to operate at their peak in less time.
If you think that on the job training is a hassle, you should think again. When weighing the initial efforts with the long-term benefits, it’s an approach that makes sense for most companies.
Looking for guidance on recruiting and training new employees? Contact SelecSource today to see how we can help.