When a business chooses to fulfil the Training Benchmark B, they are able to benefit much more than just satisfying the requirement. Providing professional training can be used as a way of improving the effectiveness of the business’ current workforce, and in addition, they are also attractive benefits for ambitious people.
When an employee undergoes training, they are adding value not only to themselves but to the company as well.
Other benefits include:
Keeping Up With Industry Changes & Latest Technology Development
Industries and the environment that they operate in are constantly changing which makes it important for the business to grow and adapt so as to not be left behind. It is also imperative that the business complies with industry regulations, which can be achieved through constant and consistent training, making sure the employees’ skills and knowledge are up-to-date with market trends
Incremental and disruptive technological innovations are being developed all the time which makes it crucial that there is regular training so that the employees are proficient in the use of the latest technology.
Staying Ahead Of Competitors
Being Able To See Weaknesses And Skill Gaps
With regular training, the business will be better equipped to identify skills gaps within the current workforce and in the market. By identifying these gaps early, the business will be able to train the employees in the required areas and hence are able to address this gap and capitalise on it.
Maintaining Knowledge And Skill
For new starters and other employees, one off training in terms of their roles may be provided initially but it is important to ensure that there are adequate training schemes in place to help develop them whilst they are in the job. This constant training will also help in retaining knowledge and ensuring that what they have learnt is not forgotten.
Advancing Employee Skills
Once an employee has the basic skillsets required for the role, it is much easier for these skillsets to be built upon and improved to provide more benefits to the business. Employees that know more will be better equipped to provide more input into the business for which the business will ultimately benefit.
Providing Internal Promotion Opportunities
Providing ongoing training will increase the current employees’ eligibility for internal promotions which helps the business save money in terms of high recruitment cost and hiring fees. Another added advantage of having internal promotions is that they have complete knowledge and are familiar with the business, possess the correct skillset and are people that the business knows and trust.