You went through all of the initial employee training that employers provide in the first few months, and you maybe even had several years of education before you were even hired for your current job, but like it or not, you’ll always be better off with ongoing training. It’s easy to become complacent if you have an employer who does not push for constant education in the workplace, but there are many reasons that you should be continually seeking training and education for your job. Here are five of them.
It seems obvious when you think about it, but it doesn’t matter what industry you’re in. Industries change, and employees, whether just out of school or business executives who have worked for the company for years, will need to change with them. Technology and business strategies are ever-evolving, and if an employee doesn’t learn what’s new, they’ll fall behind. Employers should offer continual development to ensure that their people are ready for the challenges that face them. Employees should also continuously stay up-to-date on industry trends so that they are as effective at their jobs as they can be.
Increased Excitement From Those Who Want To Grow
One of the great things about training is that you will soon find out who is willing to work harder to grow and who just want to tread water. Employees who are excited about their job will take the opportunity to grow with vigor and will actually be energized by the new challenges that the training opportunities afford them. For businesses, this is a great incentive to offer training opportunities. From the employee’s perspective, learning new skills allows them to enjoy their jobs more and show that they have the desire to grow.
Increasing Profit Margin
According to The Huffington Post, profit margins for companies that spend money on training see a 24% greater profit margin than those who don’t. That’s incentive enough for employers to put greater emphasis on training. Moreover, it’s also good for the employee; many times, some of those profits go back to the employees in the form of bonuses, educational assistance, or company contributions to a 401K.
From the employee’s side, engaging in activities that continuously grow their job skills allow them to stay competitive in their field. Employees who continually train for their job on their own time are more likely to have greater options with more potential for promotion.
One of the things that many employees want the most is development, and if they’re not getting it, then they’ll look elsewhere. This is good reason to continually develop employees. From the employee’s end of things, showing an interest in job training also makes them more desirable to the employer, which means they will have greater job security.
Creating a relationship in which both company and employee benefit is a two-way street. Employees who are eager to train are more likely to move forward in the company, so there’s incentive to continually be eager for training. Moreover, employees who do outside training on their own are the most likely to advance their careers, and employers can be grateful because they have employees who will be the best equipped to face the challenges that the industry and competition poses.