The typical onboarding process will look similar for all businesses. You hire new staff, provide initial training, and then everyone settles into their roles. Interestingly, this is the first and last time many companies provide employee training. They’re given extensive training during the onboarding process to ensure they’re up to speed with everything in your business. At the same time, it’s an opportunity to provide health & safety training, etc. Yet too many companies neglect on-the-job training. It’s crucial that you continuously train your employees as they stay with your business. Contrary to what you might believe, one bout of training when they’re hired isn’t enough to ensure optimal performance. To drive this point home, here’s why on-the-job training is so essential:
Maintain compliance with new regulations
The business world is never static; there’s always something happening. As such, new rules and regulations are brought in all the time, demanding adaptations from businesses. One of the most recent examples is the new data protection regulations and GDPR. It’s completely transformed the way a business handles customer data, meaning new systems have to be in place – and demanding that all of your employees undergo GDPR training.
You never know when new things are introduced that your team has to get used to. So, on-the-job training is critical to ensure that you maintain compliance with any new rules or regulations that come into play, preventing your business from being hit with financial penalties.
Stay updated with the latest technology trends
Performance is everything. You want your business to perform at the highest possible level, and this often means adopting new ideas and technologies. This could be a new type of software your business implements, completely streamlining certain processes and improving productivity. Thus, you must train your employees to become adept at the latest technologies you throw at them. On-the-job training ensures that everyone stays on top of the game and helps your business maintain a high level of performance.
Upskill your employees
Provide extra training for any employee that wants to learn and develop new skills. Here, you give them the chance to upskill and develop as professionals. This can do a couple of huge things for your business.
Firstly, upskilling employees means you train them to do different jobs. As such, you can promote from within, rather than hiring outside talent when new roles are required. This will save an absolute fortune and aid productivity as you don’t have to deal with the lengthy hiring and onboarding process.
Secondly, when employees learn new skills they become more satisfied with their jobs. In turn, it could lead to a reduction in turnover rate and improvements in employee retention. People stay with you for longer and are more engaged with their work as they know they have opportunities to grow and improve.
Fundamentally, on-the-job training helps you stay updated with current regulations and technology trends, aiding your business as you move forward. It also does a fantastic job of improving your employees and empowering them with new skills. All of this is beneficial for a growing business!
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