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The True Value of Training |
"The challenge is to make training an integral part of the company’s strategy. This will lead to motivated employees and will reduce costs to the business."
On a regular basis we have discussions with senior management of financial institutions about their training budgets. Too often we get the feeling that training is only there because they ‘have to’. This quickly leads to training being seen an expensive employee cost or as a perk or incentive for the employee. There is even a temptation to judge the merits of a course by its price. That can be very misleading.
Employers today have to adapt to technological change, improved product services and quality, and are required to boost productivity. Having high potential employee costs doesn’t guarantee that they will succeed. Instead, they have to know what their employer wants them to do and how they want them to do it. If they don’t, they perform the role their way not the employers’ way.
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What Is Employee Development? |
Employee development is anything that contributes to an employee's growth. Any opportunity to help employees reach their full potential can be considered employee development. Therefore, employee development can be any of the following: - on-the-job training or off-the-job growth (perhaps through a professional or community association)
- department-sponsored workshops / conference & technical training
- formal education (e.g., a bachelor's degree program at a local college)
- coaching or mentoring
For more information on our professional employee development courses please contact our Program Manager, Kenneth
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