The Importance of Workplace Training - Leigh Barker Tangible Assets
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Workplace training is essential for enhancing employee knowledge and productivity, ultimately benefiting business competitiveness and reducing turnover. It not only improves performance and job satisfaction but also identifies and addresses employee weaknesses, contributing to a more efficient workforce. The content is general and not financial advice; professional counsel is recommended for practical application.
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The Importance of Workplace Training - Leigh Barker Tangible Assets
- 1. THE IMPORTANCE OF WORKPLACE TRAINING LEIGH BARKER TANGIBLE ASSETS
- 2. Employee training is a critical aspect of an organisation, providing opportunities to increase knowledge base and organisational productivity. Training expands the knowledge base of employees and is a worthwhile investment to grow a business and to boost competitiveness. Investing in training is rewarding and carries with it benefits such as lower employee turnover, higher employee productivity and higher customer satisfaction.
- 3. IMPROVED EMPLOYEE PERFORMANCE Every employee will require training to be able to improve their workplace performance. Not only does training provide employees a better understanding of their responsibilities and basic procedures within their role but it also instils a sense of confidence to complete a task efficiently and in a timely manner which in turn ensures less wastage of time, money and resources.
- 4. INCREASED EMPLOYEE JOB SATISFACTION AND RETENTION An investment in strategic training and development programs promotes a sense of value and appreciation from employees. Many employees may receive training which may otherwise be unaffordable. The learning and growth opportunities received through training increases job satisfaction and can increase employee retention.
- 5. IDENTIFYING AND ADDRESSING EMPLOYEE WEAKNESSES Identifying the weaknesses of your employees is as important as knowing their strengths A well-designed training program will detect weak points in employees’ skills or working styles and will allow them to improve in those areas. Proper training will contribute to an efficient staff that can work independently as well as in teams as required. Workplace training brings all employees to a higher skill level which enables employees to take over for one and other as needed without the need for help or supervision from others.
- 6. DISCLAIMER Prepared by Leigh Barker Tangible Assets, MWC Group, West Pennant Hills, Accountant, Portfolio Finance and Gordon. Note that all content of this blog is general in nature and is not financial or investment advice thus anyone intending to apply the information to practical circumstances should seek professional advice to independently verify their interpretation and the information’s applicability to their particular circumstance.