When an employer hires a worker, there is a high probability that the new hire might not have all the skills needed for your company. It takes around 28 weeks for a new hire to reach their optimum productivity level and outgoings for advertising costs, agency fees together with invested time during the interview process contributes to the price of recruiting replacement staff. Thus it is best for an employer to look out, not just in the interest of his employee but also in the interest of his business or company.
In looking out for the interest of your company, you are also finding ways to improve employee retention. Improving their retention doesn't just have to do with increasing salaries and praising them as it might be detrimental to them. Majority of companies now take up training as a form of employee retention.
Despite the advantages involved in training, there are certain misconceptions involved in it as well as some businesses feel it is an unnecessary exercise. Some employers think that once you train your employees, they can look for a different job or better opportunities somewhere else.
The above thought is a fairly pessimistic one i would say because that only appears as your thought. It is an understandable point of view, but if you approach training in the right way while recognizing and respecting your employees at the same time, they’ll have little to no reason to leave.
I would therefore advice that as an employee, training your staff is the best way to create employee retention because it will not just improve the productivity of your employee, but also improve the success rate of your business.
WHY ELSE DO YOU THINK IT IS IMPORTANT TO TRAIN YOUR EMPLOYEES?