A program to train employees, especially in technology-related companies, is essential for staying ahead of your industry. However, it is not easy to develop talent. Your program should equip employees with the skills they need to excel, while also demonstrating business value and a measurable return of investment (ROI). Ryan Landry, President of our organization, was our guest. To learn how to create an employee training and developmental program that achieves your organizational goals, we sat down with Ryan Landry.
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What is Employee Training and Development?
Employeedevelopment can be defined as a broad term that covers a wide range industries, skill sets, and training. It covers the technical skills required to perform specific tasks, such as product launches, product upgrades, and IT projects. Soft skills, such as personal development or leadership skills that focus on employee growth and performance, frommaking decisions under pressuretoconstructive conflict management, are another vital component of employee training.

What is Employee Training and Development?
Employeedevelopment can be defined as a broad term that covers a wide range industries, skill sets, and training. It covers the technical skills required to perform specific tasks, such as product launches, product upgrades, and IT projects. Soft skills, such as personal development or leadership skills that focus on employee growth and performance, frommaking decisions under pressuretoconstructive conflict management, are another vital component of employee training.
What makes a good employee training program?
Employee training and development programs that are successful go beyond the traditional new hire orientation. These are not sporadic courses that employees take as they need. They adopt a systematic, strategic, and organized approach to training that aligns individual development with business goals. Communication is crucial, consistency is important.
According to LinkedIn’s 2019 Workplace Learning Report (2019 Workplace Learning Report), the following are the primary goals of 2019 training programs:
Assess skill gaps, engage employees in learning programs and process, create career frameworks, and provide consistent insight and education. Focus on soft skills. Plan ahead for the impact of technology and automation. The benefits of continuing education compound over time. Companies reap the greatest return when they invest in long-term employee development and training programs.
What are the benefits of your employee training and development plans?
Training employees is a win for both the employees and the employers. Employees become professionals that can help your business succeed. Here are some of the key benefits I see.
BOOST EMPLOYEE RETENTION
It takes significant time and money to recruit and on-board talent. Even more costly is losing employees. Employee turnover costs (hiring, on-boarding, training, ramp-up time, etc.) are much higher than the cost of hiring. The cost of employee turnover (hiring, on-boarding, training, ramp up time, etc.) can range from tens to thousands to twice their salary. This number will increase depending on seniority and experience.
A training and development program for employees can help you attract, retain, and cultivate top talent. This will reduce turnover and lower your hiring costs. Your team will be more likely to stay if they feel that your company is investing in their future.
DELIVER A STRONG LEADERSHIP PIELINE
Senior leadership is also responsible for developing and training talent. Organizations must be concerned about effective leadership. The 2019 Deloitte Human Capital Trends Report revealed that 80 percent of respondents rated leadership as a top priority. Only 41 percent felt they were ready to meet current leadership requirements.
Training is a way to grow employees and create future leaders who are invested into the company. It helps companies to create succession plans so they can foster and promote exceptional talent within the company.
INCREASE PRODUCTIVITY
Innovation and new ideas are possible by learning new technology and skills. While spending is variable by industry, 87% of companies plan to grow or maintain their talent and development team. Employees can also be trained to perform their jobs more efficiently, which can improve productivity and performance.
How do I set up an employee training and development program?
It can be difficult to implement effective training programs. It is possible to have a training program already in place, but not see results. Common challenges in training include engaging employees, providing consistent training, tracking skills, ROI, and quantifying training effectiveness. Here are some tips to help you set up a results-driven employee development and training program.
Identify Skill Gaps
Most training requests begin with a problem. Perhaps it’s a process to be improved. Perhaps a new manager struggles to manage conflicts within his/her staff. Perhaps it is a certification requirement for employees.
To create a successful training and developmental program, identify the organizational and employee training requirements. What are the problems? What’s lacking? What can be done to improve? What is the business impact? The best training programs address the current issues and prepare for future needs.
When it comes to identifying performance gaps and training, your employees are the best source of information. They are able to give valuable feedback and offer suggestions that you might not have considered. Before you document your training goals, get feedback from your team.
Choose the right training method
The subject matter is just one aspect to consider when implementing a training program for employees. Employee retention and the ability to use these new skills will be affected by how they learn.
The learning method you choose will be affected by your budget, location, number of students, type of training, and your goals.