Will better employee training strengthen future workforces?
With the pandemic prompting many people to reconsider their current careers, Randstad says that 69% of UK workers are ready to move jobs. In fact, according to recruitment experts, 24% of employees say they plan to do so within the next six months.
Among the reasons given for a change are job flexibility and seeking a higher salary. However, as many as 42% of career changers feel disengaged and simply want to try something new. This is where training can step in. By offering better and more varied training, employers can re-engage workers who might start looking elsewhere.
If you want to retain your best workers, stay ahead of current trends, and reduce unnecessary costs, maybe it's time to call an expert trainer. And with so many benefits of hiring an external training provider, why are you waiting?
Benefits of external training
Internal training can be practical, but planning, overseeing and delivering the material takes course leaders - who are often employed in management roles - away from their other duties. When you bring in an external trainer, leaders can work on their projects while knowing that employees gain valuable training. In addition, external training providers introduce fresh insights from other businesses, allowing employees to acquire a broader range of experiences.
Advantages of external training
#1: Attract, recruit and retain the best talent
A PWC report investigating millennial work habits claims that millennials value lifelong learning and upskilling more than previous generations. However, they are more likely to change jobs, and as many as 57% of millennials could move within two years, according to the Institute of Leadership & Management. Therefore, as millennials make up around 50% of the UK workforce, employers must address the increasing demand to attract and keep their best workers.
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#2: Build strong, high-performance teams
High-performing teams are goal-focused, have a plan of action, and share open communication, but training is an essential component of success. To be successful, teams must learn fast and upskill frequently. External training keeps business models updated with new and relevant material, helping them thrive in a competitive market.
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#3: Create a stronger workforce
Onboarding takes valuable time and resources but investing in existing employees is a simple, cost-efficient alternative. Moreover, high-quality staff training increases staff retention, as employees who might start looking for new jobs elsewhere could be encouraged to extend or take a new role within the same company.
As part of their commitment to becoming a leading global employer, Amazon launched their Career Choice programme investing £10 million to train 5,000 employees over the next ten years. By realising the advantages of a skilled future workforce, Amazon’s programme also offers training for employees wanting to leave the company to work in another field, such as accountancy or software development.
With job roles becoming increasingly flexible, the most forward-thinking companies invest in high-quality, cross-department training that enables employees to work in multiple roles.
#4: Keep ahead of technology
According to the UK's Award-winning IT and Digital Recruitment Agency People Source, demand for IT skills such as SQL, Javascript, and AWS continues to grow. With technology developing so rapidly, it's best to seek specialised training from the experts. Many course providers offer up-to-date, relevant training to keep employees ahead of the curve.
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#5: Save money
Estimates suggest that onboarding can cost about a third of an employee’s entire salary: it is expensive and time-consuming. Therefore employers should seek to retain existing staff. However, a McKinsey report states that 94% of the UK workforce will need upskilling or retraining by 2030. Clearly, effective training is essential for workplaces to thrive in the future.
Providing existing employees with new, updated or advanced skills saves recruitment and onboarding expenses, and will be the best economic choice for 75% of employers in the future.
Investing more money in better external training is worth the cost. You will increase employee satisfaction, create flexibility, boost productivity, and grow your business.
Why wait? Contact an external training expert for your business today.
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