One of the key reasons many senior managers leave an organisation is the lack of training and development opportunities within the business. There is no doubt, that companies which do implement a culture of training and development hit the jackpot when it comes to employee retention, not just at the highest level but throughout the organisation too.
The reason? Employees appreciate being able to build new skills, improve their job performance and potentially evolve towards more challenging roles. It is interesting to note that ongoing education is also valued by employees from all age groups as key to staying relevant in the job market.
Even more importantly, supporting and providing ongoing training opportunities show a company’s commitment to its employees’ growth; employees feel their value to a company where employee education is promoted.
What’s more, ongoing training opportunities can be publicised since they are an important perk in a company’s compensation programme. Importantly, and unlike many other perks, ongoing education can cost very little.
From the HR perspective, developing talent is the best way to ensure all roles within an organisation are filled with the right people.
It’s always more cost effective to source skills internally. The more junior the position, the lower the recruiting costs, so hiring from more junior positions within the company automatically lowers the overall recruiting costs for the position, even after taking into account the replacement of the junior position.
Also, it is usually simpler and quicker to bring an internal hire up to speed, as this employee already knows everything there is to know about the company. There are no precise statistics on the subject, but the idea that homegrown executives on average perform better than external hires is firmly shared by most managers.
Finally, promoting internal mobility through training leads to a more engaged and loyal workforce. While new blood remains necessary, ideally it should not represent the majority of your staff.
Develop a culture of teaching and learning
The kind of culture where managers want to develop their team members and are valued for that effort, and where all employees are encouraged to learn new skills and share them, is not easy to create.
It can be difficult to achieve a culture of learning without the support of external experts. This isn’t just a case of having the relevant skills and knowledge in-house but training of employees by managers can prove a distraction from the day-to-day operations.
HCHR Training Package
At HCHR we are currently offering businesses access to our expert skills through in house, half day, on site training courses which cover the following topics:
- Introduction to Disciplinary for Managers
- Introducing a positive Grievance culture,
- including Mediation skills and Dignity at Work.
The course cost just £600 per ½ day for up 20 employees (including all training materials) and are tailored to cover off specific issues identified within your organisation.
To find out more or to book your HR training course, call us today on the number below or email Alice Evans at HCHR at email@example.com