6 mins read
Successful businesses are preparing for the future today. They recognise the importance of ensuring employees are equipped with the right skills, relevant business knowledge and are actively encouraging their employees to contribute towards business success. This is why training and particularly in-house group training has become the next business imperative.
Businesses that prioritise employee training have 218% higher income yield
Not only is training critical for employees, it turns out that businesses that prioritise training for their teams enjoy higher yield than their competitors. In fact, a recent study by Forbes discovered that companies with comprehensive employee training programs have 218% higher income per employee than companies without formalised training (Forbes).
Companies are 17% more productive when employees get the training they need
A global survey by Gallup found that companies are 17% more productive and 21% more profitable when they offer training to engaged employees.
Let’s dive into the key reasons why businesses need to shift employee training to the top priority to engage and attract top talent as well as develop your employees to become high performance teams.
7 key reasons why businesses invest in group employee training
1. Ability to interpret knowledge is power
One of the primary reasons businesses invest in group employee training is the ability to interpret and implement new knowledge. Intellectual capital is just as valuable as physical and financial assets. In our knowledge-based economy, to remain competitive, businesses must priorities continuous learning.
Training your teams is the next business imperative for creating and maintaining a sustainable advantage. By fostering a culture of learning, companies can ensure that their employees remain engaged and updated with the latest industry trends and techniques.
Knowledgeable employees are better equipped to solve problems, innovate, and drive the company forward. Continuous learning not only empowers employees but also adds immense value to the business.
2. Enhanced productivity for your team
When your team members are encouraged to gain skills relevant to the business, productivity increases, and a positive attitude towards learning is cultivated. This enhanced productivity improves in the workplace, and creates a competitive advantage for your organisation as a whole.
Group training ensures that multiple employees receive the same information, creating a pool of knowledgeable team members. If one employee doesn’t meet expectations, there are others who can step in and maintain productivity. This approach allows the business to recover the time, money, and effort invested in training. Additionally, employees can seek guidance from their peers who participated in the same training sessions, fostering a collaborative environment. Ultimately, group training significantly reduces the overall strain on management by distributing expertise across multiple team members.
3. Collaborative experience for your team
When you bring a group of people together, you harness the power of multiple minds. Group training encourages employees to contribute more actively, share their thoughts and ideas, and engage in constructive discussions. This collaborative approach allows employees to gain insights by hearing the questions and ideas of their coworkers.
Also, discussing topics in a group setting enhances focus and concentration, ensuring that everyone is more engaged. Group training fosters a shared experience, builds collective intellectual property, and creates an interactive forum that is directly relevant to the team’s needs. By investing in in-house group training, you empower your team to grow together, learn from each other, and build a stronger, more cohesive unit.
4. Motivating your team
Training motivates employees, and increases employee satisfaction, while reducing turnover rates. For your employees, training together creates collective experience, where they can seek guidance from peers that also attended the training sessions. It becomes a team activity not just a singular experience.
This collective experience creates a sense of camaraderie and mutual learning, resulting in a motivated team that is more committed to their work. When employees see an investment in their development, it increases their sense of value and purpose within the organisation.
5. Group training is cost-effective
Group training is an excellent way to upskill a large number of employees without breaking the budget. By organising group sessions, you can significantly reduce the per-person cost, making it an ideal approach for budget-conscious HR managers and team leaders.
We have developed a training matrix to help you plan out your costs for in-house training. Get in touch with our training team to discover the right discount for your team.
6. Location convenience
When employees participate in on-site group training, they benefit from a familiar and comfortable environment. This familiarity enhances their ability to learn, collaborate, and retain knowledge effectively, especially when the training includes site-specific details.
With Intertek SAI Global, you can choose to run training in person, or virtually with your team across different locations and time-zones.
For face-to face courses, you can host training at your business site or offices to make the most of your business facilities. We will send our expert trainers to meet your team and develop training that is most aligned with your business requirements.
For virtual training, you can invite team members from across different locations or time-zones to take part in training sessions together.
7. Micro-learning boosts team morale
Training can even be small bits such bite-sized learning, which gives employees a quick morale boost. In fact, micro-learning in the workplace is starting to show significant growth in learning for employees.
Micro-learning simplifies complex subjects into concise, digestible segments. These brief lessons are interactive and designed to engage learners with videos, quizzes, and interactive games. This makes learning accessible anytime, anywhere.
With clear learning objectives, learners receive just enough information to master specific skills or concepts.
You can discover our micro-learning portal which has access to learning materials across crucial business skills such as:
- Modern business strategy: Access bite-sized courses in design thinking, project management and business development
- Self-leadership: You can find great courses on self-improvement, active listening and building adaptability.
- Leadership: Learn the key concepts on engaging your team, setting expectations and building trust.
- Sales strategy: Grow your sales techniques with targeted courses on achieving client success, inclusive selling and building a customer-focused culture.
- Plus much more: Discover over 100 modern business courses delivered in bite-sized modules for swift learning.
As part of our latest promotion for in-house training: These modules are in such high demand, that we are offering your team access to the micro-learning for six months.
Special offer: Make the most of in-house training
To help businesses maximise their team training, we have an exclusive offer for group training until the end of September. Right now, you can unlock the benefits with our in-house training.
With every group booking, we are offering complimentary access to our micro-learning portal for your team members who take part in the course. You can get full access to our micro-learning platform which has access to over a hundred bite-sized courses.
Sign up by September 30th and all attendees will receive a complimentary 6-month micro-learning subscription. Access over 100 bite-sized learning sessions anytime, anywhere — whether through your browser or our easy-to-use app. Enhance your soft skills and dive into new areas of interest. Ensure your courses are scheduled for delivery by 31st December 2024 to take advantage of this offer. Don’t miss out!