Insights on Corporate Training and What They Mean for Your Organization’s Future

Increasing competition and the need to stay relevant are making organizations realize the value of continually training their workforce. Training should be a critical part of any growth-oriented organization’s long-term strategy and must be regularly paid attention to. That’s where Corporate Training plays a vital role.

Technology and various skillsets evolve rapidly. Are all organizations keeping pace with these changes? Are they paying enough attention to Corporate Training and eLearning?

Let’s try to understand these answers by studying some crucial statistics on the state of Corporate Training. We’ll find out what they could mean for your organization’s future.

Corporate Training Statistics: What do they mean for your organization’s future?

· More time must be invested in training: Companies with less than a hundred employees spent only 12 minutes on manager training every six months. The organizations with more than a hundred employees spent only 6 minutes. (Source: HR Professionals Magazine)

· Employees want more training opportunities: Out of 4,300 workers sample, almost 74% realized that they were not achieving their best potential due to lack of training and development opportunities.

· Must move from beliefs towards practice: 56% of HR Managers regarded training and development as an essential requirement for business growth; however, enough efforts have not been made in this direction. (Source: Middlesex University’s Institute for Work Based Learning)

· Must engage employees: Only 13% of our employees feel highly engaged, and 26% feel actively disengaged. It means more than reasonable % of employees are disengaged at the workplace. Efforts should be made to improve these numbers and also to retain employees willing to leave due to disengagement.

· Retain your employees: As per a 2015 survey, 7 out of 10 respondents believed that job-related training and development opportunities influenced their decision to stay in an organization. The cost of retaining existing employees is much less than the cost of replacing them and hiring new ones. More efforts must be made in meeting their training expectations.

· Effectively map learners’ needs with your training programs: Only 12% of all learners believed they could apply the skills from the training to their job roles. (Source: A 24X7 Learning survey) 62% of all HR managers believe they are not doing enough to meet learners’ needs. (Source: Kasperspiro.com)

· Introduce fun to your workplace training: 1/3rd of all employees believe that uninspiring training content does not help them during their learning process. We must focus on training programs which are informative and at the same time, highly engaging and entertaining.

· Less than adequate and effective training costs money, as high as $13.5 million every year, per 1,000 employees. (Source: Grovo)

All organizations should have active training structures in place to help employees with their training and development needs. Trainers should be provided with useful and practical tools to become more competent. Increased investment in your Corporate Training programs not only helps you in bridging skill gaps and engaging your employees, but it also acts as a smart strategy for meeting business goals.

You may explore a variety of corporate training in the following department like business process, business application, application development, business development, and leadership, etc. to build a strong team & maximize the productivity of the employee to meet the business goal. IT or business training solutions from NetCom Learning, a leading name in organizational learnings with a proven track record of serving over 80% of Fortune 1000 companies.