5 reasons why you need employee training and development for your Startup
5 reasons why you need employee training and development for your Startup
30th May 2023 By Adosphere
In the startup world during the initial days, amongst numerous aspects of business, investing in the right people, can somewhere get lost along the way. “Getting work done” is often the key agenda for most businesses when taking off, while pushing priorities like culture development and employee training for later on. It’s understandable why this might seem convenient with tight budgets and time crunches, but this has its visible downsides, if not catered to well. Startups are all about their culture and the people who contribute towards it. Investing in your employees early and channeling your resources to their overall development would not only equip them with necessary skills for the work, but can be immensely beneficial for the startup too. Here’s how :
1. Employee Loyalty
Loyalty, be it with customers or employees, is what any organisation thrives on. Employees as much as 86% said they wished their employers offered opportunities to acquire new skills, according to a survey conducted by RPA Software company on employees across the globe. Spending time in your employees’ training even with hectic schedules of startups, implies that you value and want them to grow along with the venture. With this, your employees feel secure with their jobs as you’re directly investing in their future. These training programs during the initial days also help in bonding better with your employees and ensures a good working rapport throughout. The wonders of having loyal employees, right from authentic promotion of your product to long term vision in and for your startup, are countless.
2. Increase in Productivity
With Training Programs designed exclusively for your startup, your employees will have the exact skill set required for the job. This can easily boost up efficiency which won’t take long to be followed by productivity. In fact, studies have shown that investments into employee training can deliver more productive results than investing in upgraded equipment or resources. And it’s no secret that in startups, employees have to meet multiple ends all at once. In such times, trained employees function quicker with much effectiveness.
3. Saves Time and Money!
This can always be found on top of any startup’s wish-list and training your employees can make the dream come true. Increased productivity always leaves you with more time on your hands. With that, once your employees are trained properly in the initial stages with periodic updates, they’re good to go for the entire term. You don’t have to go back to basics with your employees in the longer run after the training rounds that they’re clear with. Furthermore, with skilled employees you don’t have to worry about hiring every now and then, saving both your efforts and money. With their better performances, your startup will grow more profitable and successful.
4. Transforms initial employees into Trainers
What better way to optimize your trained employees’ potential and experience than letting them guide the younger ones. You can let your older employees train and develop the new recruits, that way not only would you save time and money as we discussed, a thorough brush up of skills would be maintained. Your loyal workforce would instill the strong core values into fresh talent and would keep the quality of work intact.
5. Attracts top talents
Your Training and Development Program can actually make you stand out in the market. As these programs offer overall development and a unique skill set, they’re bound to hype your reputation up as a startup. This will bring endless top talents to your startup, as you’ll offer something which most competitors don’t. Employees would want to associate with such organisations ensuring quality of work alongside expertise in their own work. Once the word is out, you’ll spend your days going through résumés. After knowing why you need employee training for your startup, here's how you can effectively conduct a Training program. Now that you would be devising a Training program exclusively for your employees, what is your ultimate marketing strategy? We have the answer. With our Marketing Acceleration Program, we'll cover your brand strategy, product positioning, brand architecture, content strategy, performance marketing and more, we will help you transform your startup. We value your vision, and would make it our own for your startup. Together, let’s build towards your vision.
