Successful leaders are always trying to find better ways of reaching organizational goals faster and more efficiently. If developing a long-term or permanent training process isn't on your list of top priorities for next year, then your company could be missing out on critical business benefits.
Smarter employees make for more successful companies. The importance of emerging HR technology, such as comprehensive employee training software, lies in the fact that training impacts so many other critical business goals:
- Do you need to reduce hiring costs to increase the bottom line?
- Do you need a more productive workforce?
- Do you need to align individual employee goals and team goals with overall business goals?
- Do you need to ensure consistent, scalable skill sets across your company as it grows?
All of these business goals are intertwined and affected each time an employee is added to your workforce. A team full of happy, well-trained employees is an invaluable asset to any organization. Businesses should take advantage of their own talent pool by providing employees with the necessary tools to drive performance and productivity.
Employee training software that improves your workforce on an individual basis can help your company meet goals by laying the foundation for overall business success.
How training software impacts organizational goals
A skilled, productive, and dedicated workforce affects nearly all business goals. If your training process is outdated then your goals will be unattainable from the start. Your workforce is the backbone of your company: if it's not functioning properly, the whole system is strained.
Here's how the right training software can benefit your organization:
1. Improves onboarding to reduce hiring costs
The average cost to fill one job position is around $11k, so retention is a top priority for management. Reducing turnover rates starts at the very beginning of an employee's journey: with onboarding.
Companies need to ensure employees are engaged from day one. Getting employees trained and set up for success leads to higher competency, productivity, and retention. Employees need to know what to do and if they're doing it correctly. Training software used during the onboarding period can break required learning into smaller modules that motivate participation and give employees quick wins.
By establishing clear milestones and providing swift feedback with the use of training software, employers can make an impactful first impression that engages and motivates employees from the start. With effective onboarding, new hires will be better positioned to become high-performing long term employees.
2. Provides feedback for ongoing development and improvement
Engagement and learning shouldn't be relegated to the onboarding phase. Fostering a culture of feedback is important since 79% of employees who quit their jobs cite a lack of appreciation as a key reason for leaving.
By starting a new hire's experience with employee training software, companies set a precedent for constant learning and engagement. The key to maintaining this engagement is feedback.
Employee training software records key accomplishments and makes providing feedback timely and scalable. More robust systems will also allow employees to help manage their own performance and training. This means employees receive immediate feedback about their skills, rather than waiting every six months for a performance review.
When employees know exactly where they excel or need improvement, then they're more likely to remain engaged and drive performance.
3. Aligns employee skills and goals with business goals
Companies that use software to track learning efforts and successes can make sure their skill development programs are relevant to the specific roles and competencies the organization needs.
By using a standardized training system, companies can manage all learning efforts, create specific modules to close skill gaps, and build the talent the company requires. Training software tracks employee progress and competency, making it easy to provide businesses with an at a glance look at training effectiveness.
Identifying where employees need help is important, but training software can also track top performers. This information is invaluable because it allows managers to identify why certain employees are successful. Managers can then replicate the training in order to bring other workers up to speed, as well as use the skill gap to create a mentorship opportunity between high performers and those who need improvement.
4. Automates processes for consistent, scalable results
Data generated by training modules is a valuable tool for management. When mapping out future projects and goals, a centralized database will help businesses learn what training is or isn't working and adjust the system to maximize ROI. Once employers know what training is most successful, it can be replicated on a larger scale to ensure all employees receive consistent training that leads to success.
Are these the kind of goals your business is striving towards?
Successful employee training increases the bottom line-- from onboarding, to continued-learning, to standardization and analytics. The benefits of hitting these business goals are too great to miss. The right employee training software will help keep your efforts on track.