Corporate Training: What is It and Why Do You Need It?
Making the case for corporate training
Corporate training has evolved rapidly in recent years to move beyond training just new hires, sales people and leaders. Learning and development professionals and corporate trainers are seen as strategic partners who are critical to the success of their business. Why? Organizations today suffer from a skills gap. And many companies say that it takes 3-5 years to take a seasoned professional and make them productive. This means companies have to train, retrain, and jointly educate employees and managers in order to grow. As millennials take on more responsibility, companies will need to build leadership and communication skills at all levels and in all locations around the world.
How can corporate training help an organization compete?
Formal classroom training is just one way to meet the skills gap. With an explosive growth in technology tools to train people today, the best corporate training programs provide multiple ways people can consume training, both formal and informal. Collaborative platforms, self-authored video, MOOCs, mobile and blended learning options are all becoming accepted corporate training tools. While skills gaps continue to challenge companies, an increased investment in company training programs is good for everyone: employees, businesses and new hires.
Organizations want employees who are engaged with their mission, values and vision and who have the skills needed to improve performance. Updating employees’ skills and preparing them for career advancement not only provides a better trained and more productive work force. It also generates higher employee satisfaction and retention.