03/March/2022

Can a lack of training result in trouble in your organization?

Employee Training is a gemstone of a learning organization. Industry trends, regulations, and in-demand skills are always changing. If you neglect your employees’ training needs, you’re putting your company’s future at risk.  Training and development do not just defy the uncertainty that may occur in the external market but also keep the employees updated. Employees could be just another asset for some organizations but At Pasona India, we believe that Employees are the greatest assets for our company. Training and development not just contribute to the business growth but also helps in various important factors –

Employer Branding – A Brand creates a perception about the organization and what it has to offer in the market to its stakeholders and customers. There is no better branding technique than keeping the employees in the company happy. Eventually, it is the people of the organization who determine the brand value. We believe that happy employees are the best brand advocates which can give an exponential hike in the business. Hence, Training and development activities are leveraged at Pasona India to fulfil the employer brand expectations of both individuals and companies

Consumer Centricity – Training helps in understanding the changing customer demands and hence provides modern-day solutions. For firms to make profits and achieve the desired place in the market, It is important to cope with the changing demands of the customers and stakeholders. Training and development help in building consumer centricity in the organization that indirectly helps in paying off financially.

Optimal use of resources – Management is not just assigning the right task to the right person but is defined as the optimal utilization of resources. Training and development achieve this objective that further contributes to cost optimization.

Deals with Uncertain times – Speaking of uncertain times, COVID taught us the theory of Charles Darwin in the best way possible. This theory of survival of the fittest holds true in an oligopolistic environment. Businesses that focused on training and development activities and were flexible, survived the crisis while the ones which couldn’t – happened to collapse. In a hyper-competitive business environment, Training and development is seen as a necessity to cope with the adversity quotient

Motivation and Retention among employees – Apart from the financial benefits, Employees look forward to an organization that keeps them motivated. Training helps the employees to be aligned with organizational capabilities that indirectly contribute to employees’ growth. A growing environment keeps the employee motivated resulting in employee retention.

The dilemma in the corporate world is that we have made measuring very important instead of looking out for what is important to be measured. It is very important to measure the threat lack of training can cause to an organization. Considering the potential business impacts of COVID-19 outbreak, it is crystal clear that the ball game to survive is to be high in the agility quotient. An organization without training and development is like a body without a soul. The repercussions of lack of training are not just fatal from the business point of view but also lead to lethal consequences from an Employee’s End. When an employee joins an organization, it looks forward to what the organization has to offer for one’s personal growth. In these times of the gig economy, the most critical aspect is to retain a valuable employee. A valuable employee is that asset that can make optimal use of the technology and other resources accessible in the given surroundings. If training is not given to employees, It may result in numerous ultimatums that will not only cause failure in investments done for high-end technology but also a decline in employee performance.  

High Attrition – Employee retention can be analysed by the attrition in the company at a given time. From big MNCs to small start-ups, High attrition is noted. It’s an indication of a low motivation level among employees. Lack of training acts as a catalyst in the process of attrition leading to unaffordable financial situations and brand deterioration.

Cultural conflicts – An organization that does not provide training and upskilling programs will create a stagnant environment which may foster misalignment among teams, conflicts henceforth giving rise to employee dissatisfaction. Stakeholders may face issues in terms of the deliverables, thus ensuring their engagement within the organization.

Performance management – According to HR Solutions, Enhancement in performance requires constant upskilling. There is no growth without training and development. In order to have high-performing employees, it’s important to give them high-end leadership training to get the best-possible deliverables.

To keep the flow constant in an organization, it’s very important to upskill the employees every now and then. Training and development provide an immense boost to the employees that make them perform harder to achieve the organizational goals. Training and development indirectly influence the attitudes and behaviours of employees thus, ensuring in their performance enhancement.

Can a lack of training result in trouble in your organization? Created By
Admin Pasona

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