Globalization has pitted many companies against each other. Under such cutthroat competition, each of the companies strives to excel. For standing out, the companies need to acquire certain differential points; primarily, these points are in terms of workforce quality. The quality of workforce encompasses its skill sets and knowledge. Several forward-thinking organizations are making training as their focal point.
Training is a methodic
approach to learn and develop employees. Nowadays, most of the companies are
sparing no efforts to train employees; as the trained personnel significantly
contribute to a company’s growth. The growth of a company is measured in terms
of revenue generation, increased productivity, cost reduction and collateral
saving.
Benefits of
training
Revenue generation: As per researches, close to 60% of IT Managers opine that a technical
team’s skill set is its most crucial asset. Companies that have earmarked resources for
training have a notable rise in their profit margins.
Improved performance: Skill development and knowledge are critical for an organization’s
health. As per study, a mobile manufacturing company, spending on training
nearly tripled its productivity gains in a span of three years.
Cost
reduction: As per observers, whenever
a large-sized company that periodically invests (a minimum amount) on training
can significantly reduce its labor cost.
Indirect saving:
Researches point that a large-sized healthcare company was able to cut down on
its bandwidth costs and server loads by making its employees learn new-age
email policies and file storing techniques. These types of savings were
unintended.
Successful companies design a training module that
focuses on corporate mandates, essential leaning and future learning as
well. Generally, two types of training
have gained prominence in the corporate realm – Informatica Training and
IT training. Each of the organizations should carry out Training Need
Assessment to determine which training module suits its need.
