Globalization has pitted many companies against each other. Under such cutthroat competition, each of the companies strives to excel. For standing out, the companies need to acquire certain differential points; primarily, these points are in terms of workforce quality. The quality of workforce encompasses its skill sets and knowledge. Several forward-thinking organizations are making training as their focal point.
Training is a methodic approach to learn and develop employees. Nowadays, most of the companies are sparing no efforts to train employees; as the trained personnel significantly contribute to a company’s growth. The growth of a company is measured in terms of revenue generation, increased productivity, cost reduction and collateral saving.
Benefits of training
Revenue generation: As per researches, close to 60% of IT Managers opine that a technical team’s skill set is its most crucial asset. Companies that have earmarked resources for training have a notable rise in their profit margins.
Improved performance: Skill development and knowledge are critical for an organization’s health. As per study, a mobile manufacturing company, spending on training nearly tripled its productivity gains in a span of three years.
Cost reduction: As per observers, whenever a large-sized company that periodically invests (a minimum amount) on training can significantly reduce its labor cost.
Indirect saving: Researches point that a large-sized healthcare company was able to cut down on its bandwidth costs and server loads by making its employees learn new-age email policies and file storing techniques. These types of savings were unintended.
Successful companies design a training module that focuses on corporate mandates, essential leaning and future learning as well. Generally, two types of training have gained prominence in the corporate realm – Informatica Training and IT training. Each of the organizations should carry out Training Need Assessment to determine which training module suits its need.
NIIT Training 