Ravi Vyas

1 year ago · 2 min. reading time · ~10 ·

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Invest in Your Team: The Importance of Ongoing Training and Development

Invest in Your Team: The Importance of Ongoing Training and Development

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“Invest in your employees' growth and development, and they'll invest in your company's long-term success.”

Don't let fear of turnover stop you from investing in your employees' growth–the potential benefits outweigh the temporary loss. Training can be considered costly only when viewed in a vacuum as an upfront expense.

At BlueSky, we believe in the training and development of our employees so they can help our business grow.

Make the smart investment in your team today.

How Training and Development Can Become a Valuable Asset.

  • Staying Ahead Of The Curve

Up-to-date industry knowledge should be considered a prerequisite. Keep employees informed of industry changes in their field and business, and watch their performance soar. It's a no-brainer; the latest information equals the best decisions, and that matters the most.

  • Invest In Your Staff, Reap The Rewards

Ongoing training and development have long-term benefits, from increased motivation and performance to keeping top talent on board. Show your team you value them as family and invest in their growth, and you are guaranteed to see results. A 2018 Skills Gap Report by Udemy found that 80% of workers would leave if their employers didn't offer training for changing job skills. It's a win-win situation.

  • Employee Encouragement

A confident and competent employee is the most motivated one. In today’s rapidly changing environment, falling behind on knowledge can quickly impact the performance of your team and business. Don't let them lag behind the competition, miss targets or struggle with industry changes. Keep your team up-to-date with knowledge and stay ahead of the game.

  • Employee Efficiency

It’s nothing new that the highest-performing employees are the ones with the latest knowledge and tools in hand. Equipped for success, they are motivated to deliver top-notch performance and continuously improve. The more employees who feel this way, the better your business.

The stats don't lie: companies that prioritise training enjoy a 24% higher profit margin. Invest in your team, and they’ll invest in your business.

  • Employee Retention

Keep your team happy and watch them stick around for the long haul! The 2018 Workplace Learning Report by LinkedIn reveals that 94% of employees would choose to stay at a company that invests in their professional growth. So, make your team feel valued and watch your company thrive.

Say goodbye to costly employee turnover! Every time you have to rehire, it's a hit to your business's bottom line. In Australia, with an average salary of $62,000, rehiring just once can cost you $20,460. Don't let high staff turnover take a toll on your profits–time to act.

Why let high staff turnover slow you down? New hires take more time to train and build relationships, leaving less time for pushing ahead on new projects. Don't fall behind! You need to stand among the crowd, so don’t let anything hold you back. Invest in training and development to keep your business moving forward. Need we say more?

Opportunities for Growth and Success

Open the Door to Better Performance and Happier Employees! Invest in your team's growth. Give your staff the tools they need to succeed and watch the benefits unfold–stronger client relationships, improved service, and a happier workforce. Don't miss out on this golden opportunity as they aren’t going to wait for you.

Investment in your employees is an investment in your business: Make training and development a priority for your success. Create a bright future for your business today. Don’t let hesitation hold you back. The choice is yours; make it a smart one.

If you are still confused about this, please connect with BlueSky. We are here to help.

Entrepreneurship
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