Establishing a Cohesive Workforce: The Importance of Scheduling Training Courses for Your Staff
Many of today’s business owners and HR departments are caught between a rock and a hard place with regard to ballooning turnover rates; after all, the UK’s annual staff renewal rate is set to exceed 20% during the next 12 months.
Thus, in an effort to stem the tide and maintain some in-house consistency, countless companies are beginning to increase their recruitment budgets in order to bring better talent on board but it’s important to note that this is an exercise in futility, not to mention a huge waste of money.
To put it plainly, the issue is not a matter of ineffectual recruiting; it’s a matter of ineffectual training.
Why Can’t We Retain Our Most Talented Employees?
Instead of continuing to burn through working capital on recruiting, hiring, and acclimating new employees, we have to take a closer look at the specific causes of heightened turnover rates:
- 74% of workers in the UK feel as though they are stuck in dead-end jobs and cannot reach their full potential in their current posts.
- More than 40% of corporate professionals who do not receive adequate training and instruction end up leaving their firms within the first 12 months.
- Over 50% of today’s HR administrators believe that routine training is integral to their organisation’s success but 90% of them lack the resources to provide regular coaching and one-on-one attention.
- 75% of UK companies allocate additional capital to their already bloated recruitment budgets each year without devoting any additional funds towards training or guidance.
- More than 80% of UK businesses have not established any formal in-house procedures to evaluate the training needs of their staff.
Changing the Paradigm
As you can see by now, we have to begin focusing on the fundamental task of enriching, supplementing, and motivating the workers who we already have as opposed to continuously spending exorbitant amounts of money on recruiting and hiring new faces.
This is why it’s in your best interests to partner with a reputable local consultant and establish a robust training regimen for your workforce, especially if you’d like to begin cultivating your in-house talent and foster a sense of constancy within your organisation.
The Benefits of Professional Third-Party Instruction
If you decide to schedule some financial management courses, for instance, you’ll be able to provide your in-house employees with the skills, proficiencies, and aptitudes that they need to feel empowered, inspired, and ready to take on day-to-day challenges with a newfound sense of conviction:
- Advanced reporting and budgeting techniques
- Contemporary financial analyses and bookkeeping evaluations
- How to maximise profits while maintaining legal compliance
- Financial crime prevention tactics
- Professional internal auditing methodology
- International finance reporting standards
- Enhanced treasury management skills
- Mitigating financial risks and detrimental exposure
- Financial development for non-financial staff members
However, it’s important to note that today’s top consulting firms can also provide a wide range of alternative courses as well, ranging from sales instruction and secretarial tutelage to legal tutoring, public relations coaching, operational guidance, and countless others, which means that you’ll be able to find the perfect option to account for your specific industry, sector, or niche.
With a dextrous, versatile corporate training firm by your side, you’ll be able to decrease your turnover rate, boost on-site productivity, and finally start making some serious strides as a cohesive unit. Be sure to reach out to a highly regarded local consultant as soon as possible.