The best companies invest in their employees through skills based training, because they know that their organization’s success is dependent on the knowledge and training of their top talent. These programs are able to create a deeper knowledge base and skill set in the areas of an employee’s expertise, which can lead to many benefits for both the individual and company. Training programs that are custom designed for an employee or company’s needs work better than ones that are generic. This customization can be furthered by the use of AI, which can help create programs that incorporate the latest research, innovations, and best practices.
On an individual basis, employees can gain knowledge in areas where they might be experiencing a skill gap and deepen existing expertise through sequenced learning programs. This can instill a sense of ownership and consistent development in their experience within a company, and ultimately translate to a greater sense of job satisfaction. Top performers will be attracted to these companies that promise expedited development and continuous learning. In fact, 76% of workers are more likely to stick with a company that provides continuous training because they perceive it as an investment in their career development.
A company's success can also be driven by investing in top quality training programs. These programs are known to increase productivity and lower attrition expenses, which improves a business's bottom line. Prioritizing development opportunities for employees draws top performers, which enhances long-term business performance. Ongoing training also helps businesses be flexible and competitive in the future market by preparing them to adjust to new talent and tech challenges.
Source: YU Global
