Skills based training has been utilized by a wide array of companies in order to provide skills for any number of different professions. While it does seem to be a traditional method of imparting skills, the major reason why it's still present in modern training programs is because it works. The OECD noted the necessity for including skills-based training in the building of a workforce for developed countries since 2010, something that modern companies can learn from when it comes to instituting their own skills-based training programs. Let's take a look at why this sort of training provides such good results over the long term.
Increase in Job Satisfaction
The journal Human Resource Development Quarterly states that a significant relationship exists between job training and job satisfaction. Indeed, the reason behind this is simple - employees feel more valued and appreciated when a company invests time and effort into their training to make them better workers and individuals. In many cases, such training also helps to build employee loyalty as employees realize how much effort is being put into their personal development. Higher job satisfaction usually leads to higher efficiency, as employees start employing the things they’ve learned in their daily tasks.
Increase in Employee Productivity
The Bureau of Labor Statistics defines employee productivity as an assessment of how efficient a worker of group of workers is. On average, an employee spends around 8.8 hours of their day within the confines of a work environment and it's in the best interest of a company to see those hours as productive. Lifehack states that a company should train, train and retrain, because from a worker's perspective, nothing is more frustrating than not knowing what to do. By investing in training, companies grow their workers' confidence in completing a task assigned to them as well as helping them understand the overall pipeline of their job processes.
Reduction in Employee Turnover
Training Magazine observes that employees usually leave professions for more pay, but not as the sole motivating factor. Employee turnover is much reduced on a company that invests in training because employees feel far more appreciated and needed. Workers that aren't guided and taught properly tend to get frustrated and it’s this frustration that drives workers to quit. Frustration can easily be diffused with proper training and development of skills that guide the worker to learn and experience the things that he or she is being taught about. Techniques such as meditation, as taught by Pause Meditation, can help greatly. As a worker becomes more skilled, they seek more opportunities to develop, increasing the pool of skilled workers and promoting the company's work environment. Extended training also provides employees that can be promoted without having to worry about if they are capable of handling the job or the responsibilities associated therewith. It ensures that the most suitable workers are tasked with the running of the company.
Making for a More Attractive Place of Employment
Workers will eventually leave or retire and when that happens, a company is going to need to recruit new workers to fill the spots left behind. With a properly implemented training program, workers would be eager to enter the workforce. Training means room for future development and promotion and for ambitious workers, it could mean advancing very quickly if they put in the effort. Training can also incorporate self-motivation into the equation in order to lower the need for worker supervision and motivate them based on the quality of work they provide and the pride that that work instils in them. This pares down the workforce to a smaller but more efficient team.
A Long Term Prospect for a Workforce
Overall, training can help a company develop workers that have the skills that are needed to function, but at the same time offer a worker the chance to learn new things. Constant development and challenge appeal to highly driven individuals. When such a worker sees the opportunity to be better at what they do, they leap at it. The result is a highly trained workforce that has a lot of loyalty to the company. This means lower turnover, and a willingness of the worker to implement what he or she has learned in what they do for a company, possibly improving the company's efficiency and bottom line over the time that they are employed there. The benefits of training target both the worker and the company by extension.