“An investment in knowledge pays the best interest”
– Benjamin Franklin
Organisations across the globe are catching on to the truth that is the quote above. Helping employees maintain relevance and stay motivated accelerates organisational growth in the competitive market. The corporate is not only investing in its employees but indirectly investing in its own success.
In this guide, we will explore the basics of corporate training, its need, methods, and value addition to the modern employee.
What is Corporate Training and Development?
Corporate training refers to the process of delivering the right learning and upskilling resources to corporate employees to perform at their best. The HR department handles this responsibility in most companies. Larger enterprises have dedicated Learning and Development departments that handle employee training.
The concerned executives identify knowledge gaps and new developments in the industry. They develop training programs to upskill the employees based on operational needs and long-term business goals.
Corporate Training goals
“The 2018 LinkedIn Workplace Learning Trends Report states 94% of employees stayed longer in companies willing to invest in their professional development.”
Any business has specific goals it aims to achieve by training its employees. It can vary from company to company and even from team to team. Some of the most common touchpoints of corporate training are:
Employee Performance:
“55% of Employees feel they need additional training to perform better in their role”
– SRHM, 2022
Employees that are current in industry standards, company policies, technological advances, and regulatory compliance perform better. They find it easy to adapt to dynamic changes in the work environment. Their productivity levels remain stable.
Talent Retention:
“86% HR Managers believe that training is beneficial in retaining talent”
– SRHM, 2022
Employees feel valued and seen when the organisation invests time and money in them. It shows that the company truly cares for their personal and professional growth. This employee engagement reduces quit rates. The organisation saves money on rehiring and training new recruits.
Healthy work culture:
“84% Managers agree training enhances organisational resilience and work culture” – SRHM, 2022
Corporate training topics aren’t restricted to technical niches. Training employees on the company code of conduct, professional ethics, communication, etc., promotes a healthy work culture. It instils teamwork and values that align with operational needs and goals.
Organisational performance:
Employees are the functional units of any organisation. Their efficiency and productivity directly translate into better quality in products and services rendered to customers. Corporate training ROI becomes visible in the revenue and reach of the company.
Types of Corporate Training Programs
As mentioned earlier, corporate training is not just to scale up employees on technical skills. CorporateTraining In Chennai develop programs covering all aspects of the professional environment. It helps employees navigate the workplace with ease. There are 5 major types of Corporate Training:
Onboarding & Orientation
Onboarding & Orientation training enables new recruits to adapt to the new working environment. It focusses on the company history , values, mission, vision, and expectations. The recruits also receive basic orientation into their work.
Compliance Training
Compliance training involves teaching employees, especially new hires, company policies and industry regulations. It helps prevent violation of laws. The deliverables will meet industry and organisational benchmarks.
Technical Training
Technical training enables employees to master specific technical skills. It could be a new software, or they could be taking a refresher course on upgrades in their existing processes. It helps them stay current in their work and be consistent and productive.
Soft Skills Training
“About 63% of employers find that their new recruits need soft skills training.”
A harmonious workplace requires that all employees be civil with each other and learn to work as a team. Soft skills training is essential to seamless communication, problem-solving, and decision-making. It also improves communication with the customers.
Product Knowledge Training
Whether you sell services or products, the employees need to understand them fully before they can work on them. Whenever a new product or service is developed, product knowledge training ensures that the relevant employees stay updated, thereby improving sales metrics.
What goes into an effective Corporate Training Program?
“Companies are spending $320 Billion on Corporate Training but yield low ROI”
– Business Report, Harvard Business School
Although a lot of money is invested in employee training, the courses do not produce the desired results. Designing effective Corporate training programs is a time-consuming task. It requires meticulous research into the niche, and authority that the resources are relevant in the specific setting. The most effective process to develop Corporate Training courses is as follows:
Corporate Training Course Delivery Methods
There is no dearth of choices when it comes to the mode of learning in corporate training courses. The key is to pick one that fully meets your needs. Each method has pros and cons, and the employers are encouraged to take employee feedback to understand what works best for them.
Take into consideration the budget allocated and feasibility based on existing resources like space to conduct training, infrastructure accessible to all participants, and their speed of learning. It also depends on whether the particular niche requires in-person presence or live class from a subject matter expert.
Preferred ways of learning: SRHM, 2022
Hope Tutors is one of the leading Corporate Training Institutes headquartered in Chennai. We provide custom corporate training courses to professionals in various industries. To facilitate quick and convenient learning, we offer online, on-site, classroom, and hybrid models. These options are available across all types of training. We guide our participants to the most efficient path to achieving their career goals. It enables our corporate customers to achieve their business goals with ease.
To browse our training courses, visit https://hopetutors.com/courses/To make enquiries about our Corporate training courses, submit the form at the following link https://hopetutors.com/contact-us/
