Why Do Firms Train Their Employees

As the industry changes, there is an influx of new improved trends as well. Today a qualified professional doesn’t necessarily have to go out in search for jobs, its actually the employers who go out of the way, in their search for candidates, who would be able to suffice their expectations. With college or university placement rising in popularity, there is another line of thought, which is becoming quite well known these days. A lot of firms believe in hiring freshers, because they are like a blank canvas for them, apart from knowing certain basic theoretical details. This way the firms get to train these employees, in a way where these professionals would be able to meet specific expectations. Apart from that there are a lot of companies and HR managers who are of the belief that, about 30% of their candidates don’t have the proper skill set required to perform their job, hence have to undergo training.

The concept of ‘employee induction’ has become the most used policy of the HR teams, across various fields. Earlier, this process only comprised of a short description of the company, its various fundamentals and an introduction about all the head honchos, on board. Now it has transitioned into something bigger and inclusive of more layers. Firms today are actually going a mile, in trying to get all of their employees on par, by equipping them with the proper behavioral and technical skills, as well as the knowledge that is required to ensure that, the company’s operational and strategic objectives are met. A great effort is taken, to ensure that an employee fully understands the core values, that form the foundational base of an organization and works accordingly. Firms don’t just train their new employees, but also ensure that their old ones, have a successful transition into newer roles in a more seamless manner.

This has become quite the popular norm lately, which a lot of organizations indulge in. There are various other reasons why a firm, would want their employees to be trained. Like for instance, any kind of training that is in keeping with the organization’s strategies, would ensure that the employees would go the extra mile to complete the same. Another reason why training is the right way to go is, because every organization has employees with invaluable corporate experience and training these employees, would be like creating incentives for them. Thereby, ensuring that these employees remain loyal and prove an asset for the organization in the long run. Statistics state that only about 25% employees are engaged at work, the rest of them find it to be a fulfilling experience, of various degrees. Training these employees, would mean a more focused and productive workplace. Training is also used as a means for performance management and development of employees and can help develop leadership skills in those with a lot of potential. In a way, organizations also come across as places, where every employee is valued and encouraged to reach their optimum potential.

A new addition to this is the training in collaboration with various learning institutes. Organizations approach various institutes, to ensure their employees develop the necessary skill sets to excel in their profession. Imarticus Learning is one such institute, which has collaborated with many top banks and investment organizations, in providing their employees with proper suitable employee training programs.

 Source: http://articles.org/why-do-firms-train-their-employees/