Every company, large or small, benefits from investing in human resources. While the benefits of this investment are always recognised, the following four benefits are unexpected reasons why these training courses “eat up” large amounts of corporate budgets every year.
1. Reduce turnover rate
The turnover rate is one of the biggest headaches in the HR field. Human resource management is a very complex field, but reducing turnover is the best way to cut costs as well as increase employee loyalty and satisfaction.
The high turnover rate reflects the fact that human resources disagree with the working environment. This means a lack of collective cohesion and harmony. When this situation persists, they can quickly leave the company when they find a better opportunity or simply the environment they prefer.
If businesses invest time and effort in training and fostering employees, they will obviously not want to leave. With a reduced turnover rate, your business will save money on recruiting and training new people as well as make work more efficient.
2. Many promotion opportunities for internal personnel
Outsourcing human resources is always risky. If the person being hired is not suitable for the position, it will cost you a lot of money to hire a new person plus the time and effort spent on the wrong person. High and important positions can take months or even years to recruit the right people.
Therefore, many companies focus on nominating internal employees to high positions. They are usually the people who understand the company very well, how it operates and how every department is organized.
Therefore, training potential candidates for high positions from the very beginning plays a key role, reinforcing stability and certainty later on.
3. Motivate employees
A dynamic and self-disciplined human resource is always the goal of every business. However, few people realize that it is not enough to motivate employees to be self-motivated and provide a good environment and benefits, they need challenges and mindset training.
Humanity is always hungry for improvement. It could be a new mindset, awareness or simply a faster way to use the Word tool, or just learn a new language. An enterprise that focuses on the development of professional competence and life skills for human resources is a model enterprise.
4. Ability to plan and predict the future
By planning the training properly, businesses can know what they need in the future. Every training plan is the first step to a long-term plan. For example, you are about to invest and expand a production plant in a foreign country, the training plan should focus on foreign language skills and cultural knowledge in the territory you are aiming for, because “bring the bell to beat country” without being well prepared is a mistake.
Similarly, through these training courses, businesses will have a clear view of the position and weaknesses of their human resources in the market, thereby planning a strategy to overcome or develop appropriately.
Every course at CTS with a training and evaluation cycle that closely follows students’ progress, helps businesses have a close-up view of their human resources, with the help of a team of experienced experts. Learn more and join the CTS course here.