The Power of Staff Training on Retention and Performance in a Turbulent Job Market
Details: Written by Eleanor Lodge
After years of political, social and economic disruption, UK Government officials alongside industry leaders from across the nation are searching for resolution to instability. With widespread investment directed towards tools for improvement, action is urgently needed on both an economic and societal level.
The global pandemic shed a harsh spotlight on issues surrounding poverty and on the scale of national inequality and digital exclusion. Recent research reveals that households in the North East, alongside households from a Pakistani ethnic group, experience the lowest median income before housing cost. A stark contrast to households in the South East, the wealthiest region in the UK between April 2018 and March 2020, who have experienced a rise in median wealth by 43% since 2006.
In 2016, The World Economic Forum highlighted the ability for education to affect a country’s productivity, increasing the collective ability of the workforce to carry out existing tasks more quickly, facilitating the transfer of knowledge about new information, products, and technologies, and increasing creativity. The combined effects of education and its boost on economic output offer better opportunities on both an individual and societal level.
Why should companies train their employees?
- Keeping a focus on existing employee learning and development is key during periods of economic instability, reducing employee flight risk in a turbulent job market.
- Staff training and development incentivises employee retention, with a worker's value recognised through investment.
- Not only does investment in staff training solutions increase staff wellbeing, but internal staff training benefits the employer, avoiding the cost of taking on more employees and staff induction expenses.
- Staff training also increases employee performance in existing roles.
How can employers increase output from staff training investment?
Establishing effective employee training objectives ensures a successful staff training journey, allowing us here at The Skills Network to establish a bespoke training provision tailor made to individual needs of the businesses we work with.
Where can I access quality staff training provisions?
Here at The Skills Network, we offer high quality learning experiences made accessible via digital means. The role of digital in modern training allows individuals and businesses around the country to upskill through the most accessible means, regardless of location and lifestyle.
With extensive learner insight The Skills Network offers flexible and individually tailored learning experiences for the real person – whether that’s a busy parent, a home carer or those working in full-time employment. This alongside unlocking government funding streams, upskilling with digital bootcamps, delivering on digital apprenticeship schemes and utilising resources and tech to help, The Skills Network deliver a range of training programmes to suit all people.
Where once education may have been inaccessible, with the lives of the learner unable to accommodate regimented learning times and classroom environments, The Skills Network is championing a digital first learning approach, providing highly flexible, tailorable, expert and supportive learning experiences.
The role of modernised educational resources and online learning experiences will be pivotal in offering attainable training opportunities to the masses and helping to close widespread poverty gaps.
As we navigate challenging economic periods and look towards a more settled economic future, the education sector has a responsibility to support, and The Skills Network looks forward to continuing offering one of the most accessible digital learning resources in the country.
Discover more about how we can support staff training in your organisation here