Ongoing professional development and training is beneficial for both employees and employers. With the skills required to compete in today’s business environment, businesses and organizations must invest in their employees’ career development to remain successful. In this article, we will discuss how employers can benefit from providing ongoing employee training and career development for their employees.
When you partner with Makai HR for your HR needs, you will be part of an environment that fosters professional development and training. We offer complimentary webinars on a variety of HR topics to provide useful HR tips and to help keep our clients up to date on the most recent HR trends. Ask us about our next webinar!
Employer Benefits of Ongoing Professional Development and Training
Investing in ongoing training and career development is an important part of building a thriving business. Here are six key employer benefits to providing ongoing professional development and training to employees:
- Increases employee morale and retention
Investing in professional development and training can increase employee morale and retention rates. When employers show that they are invested in their employee’s career growth and development, employees are more likely to remain loyal and committed to their employer. This loyalty translates into reduced turnover rates and savings on recruiting, hiring, and initial training costs.
- Improves employee performance
Professional development and training can improve employee performance by providing employees with the knowledge and skills they need to excel in their roles. As employees gain new skills and knowledge, they become more confident in their abilities, which can lead to increased productivity, higher-quality work, and more meaningful contributions to projects.
- Boosts the business’ reputation
When the word gets out that your business or organization is actively investing in ongoing training and professional development, it can really improve the business’ reputation because it shows a commitment to employees, customer satisfaction, and providing a great product or service.
- Helps the organization stay ahead of the competition
In order to stay competitive in an ever-changing business environment, businesses have to keep up with changing trends. When a business invests in training and professional development, it can increase competitive advantage in the marketplace by ensuring that its employees are adaptable and innovative and have the latest skills and knowledge required to meet changing market needs.
5. Increases organizational effectiveness
When employees are equipped with relevant skills and knowledge, the organization benefits from improved organizational performance. Employees become better able to contribute to projects and make informed decisions that help meet the business’ goals, which boosts overall organizational effectiveness.
6. Attracts top talent
In today’s competitive job market, employees are looking for employers who are committed to investing in their career growth and development. By offering ongoing professional development, your business may be more likely to snag a great worker who is choosing between two offers or deciding which company to apply for.
Partnering with Makai HR
We are proud to be named to Hawaii Business Magazine’s 2023 Best Places to Work and Pacific Business News’ 2023 Hawaii’s Best Workplaces list. If you’re looking for comprehensive HR solutions for your business, we’ve got you covered through HR outsourcing.
When you partner with Makai HR you can get on with the business you are trying to grow while we take care of your employee needs from payroll to taxes, health insurance/benefits and worker’s compensation. You also gain peace of mind that you are compliant with all of Hawaii’s employer laws (if you’ve ever looked you know that the list is very long and changes happen). When choosing a PEO to partner with, there are many things to consider including cost, services, and technology solutions.
With the cost of doing business in Hawaii at record highs, we know how important it is to keep labor costs in line with revenue. Our plans are priced competitively and include value-added services like time-in/time-out systems. Our customized PEO solutions are tailored to the size of your business and specific needs. We offer a 100% paperless solution which means that your employees can manage their needs through a computer, tablet, or phone. We can truly improve your employees’ work benefits while freeing you up to operate your business.
What are you waiting for? Companies that partner with a PEO benefit from 7-9% faster growth, 10-14% lower employee turnover; and they are 50% less likely to go out of business. Contact us today to get started!