Training and upskilling seems like a profitable idea for your company. In the perfect world, all employees would spend a quarter of their time learning new concepts and techniques. But the reality of budgets, huge to-do lists and the fear of watching training dollars walk right out the door when employee leaves, means that the training and development is usually not a priority for many companies, especially in IT departments.
This is a wrong perception, Training and Development in your employees is more important than ever before, here’s why training increases your employee retention:
Employees experience proud feeling when a company invests in their success by spending substantial amount in training courses to improve their skill sets. They feel appreciated and heard. Employees generally approach those training opportunities with their eventual application at their current job in mind. Furthermore they look to training to solve problems and resolve challenge they experience now. While their new skillsets do transfer with them when they leave the job, but improving up a resume is often a lower priority for an existing employer than learning how to solve current problems. Employees also tend to appreciate employers willing to invest in their skills and are less likely to leave because they feel undervalued and undertrained. In short, eliminating more reasons for them to look for new employment.
Experienced employees who constantly develop and improve their skills would relish many benefits and harvests that you can reap later. Consider virtualization. The cost savings and flexibility afforded by the virtualisation wave have been numerous and considerable, but if your staff hadn’t learned about hypervisors, administration, compatibility and the like, chances are you’d be spending a ton more on your hardware infrastructure than you need to.