Why Growing Companies Must Offer Training & Development Opportunities

Introduction

Terkwaz Business Solutions, and most companies nowadays are on the lookout for enthusiastic people with a well-rounded skill set who can continue to keep up with the ever-evolving digital world and find new ways to work smarter.

However, when it comes to honing new skills and filling in knowledge gaps, employees are often left to their own devices. 

Employees are a company’s biggest asset, and investing in talent is crucial to sustainable business success – perhaps, even more so for growing companies that seek to establish themselves as market leaders.

Given that it can be difficult for individuals who are looking to acquire new skills and advance their career on their own to afford paid courses, companies can use this opportunity to harness talented, driven minds.

Leading companies have already understood the value of investing in their employees’ career development, as you will see further down; they are ready to expand the knowledge base of their employees to reap numerous benefits.

Top Companies That Provide Paid Courses and Training To Their Employees

Amazon

The Amazon Career Choice Program consists of an intensive training and leadership program prior to hire, whereby Amazon prepays 95% of tuition for employees at fulfilment centers to pursue courses in in-demand fields.

In their own words, “Amazon recognizes the shifting industry and understands that in today’s world, it is not enough to focus solely on hiring efforts — we believe at Terkwaz Business Solutions it is also our responsibility as a global corporation to upskill and train associates with the living skills needed to move into more rewarding roles that offer higher pay.”

AT&T

AT&T University is an executive-led program focusing on leadership and management development at its headquarters, with campuses across the U.S.

The corporate communications manager, Marty Richter states“We can’t depend on just hiring and the traditional educational system as sources for retooling or finding new talent. We need employees who are ready to work in a competitive and more digital world”.

Marriott International Inc.

The world’s largest hospitality company, Marriott International offers Voyage, a global leadership development program offering resources and support for future leaders of the company across Marriott’s hotel brands.

According toArne Sorenson, President and CEO, Marriott InternationalMarriott International offers our associates training because we believe in the well-being and growth of each and everyone”.

The Benefits Of Offering Paid Courses to Employees 

The implementation of paid courses for employees offers a wide range of advantages to growing businesses. For example, it creates opportunities for qualified individuals to assume the role of those who might be leaving or are getting promoted to positions of greater responsibility.

Along with enabling growing companies to make use of the latest technologies and adapt to the rapidly changing modern world, it will also guarantee the company the human resources needed to support its financial growth and expansion.

Paid courses and training opportunities can play a big role in improving employees’ efficiency and motivation, leading to higher levels of productivity and job satisfaction. Since staff are more likely to feel valued if they are invested in, they are a lot less likely to leave the employers.

According to a 2018 study by Gallup, – highly talented but disengaged employees are prone to leave your organization. Another study has found that opportunities to learn and grow are key in retaining millennials in a company.

Recruitment costs will therefore go down due to staff retention. The development opportunities will also appeal to potential new recruits who seek to improve their skills and continue evolving, even after joining the workforce.

Conclusion

Finally, to reap all of these benefits, that are likely to contribute directly to the fundamental financial health and vitality of a business, companies should start by conducting an audit of areas that might benefit from training or assess the skills employees might need.

To achieve specific company goals, effective training and development should begin with an overall strategy on how to meet the company’s objectives.

It may be helpful to assess the company’s strengths and weaknesses, explore what competitors are doing, and any relevant industry or societal trends. The importance of training employees, both new and experienced, to ensure a company’s steadfast growth cannot be overstated. Last but not least, follow Terkwaz Business Solutions for more insights on software business solutions! 

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