Employee training and development is a cornerstone of any successful business. The skills and competencies held by staff can either propel a business’ profits or leave it open to serious legal risk.
Recording and tracking staff competencies have traditionally been time-consuming, relying on manual updates that often don’t get completed. Not only does this lead to inaccurate records, it fails to provide real-time data on training, and consequently, upskilling opportunities.
An efficient and simplified training and development system is associated with an increase in employee engagement and reduction in staff turnover. [1] Also, training is critical to providing a safe workplace and reducing legal risk. [2]
Edward Cone, Technology Practice Lead for Oxford Economics, said it best – “People matter most – how they work, what they know, which skills they need in a changing workplace.” [3]
At Transfirm, we know that digital transformation is key to simplifying training and development. Done well, this can:
- Reduce legal liability and costly workplace health and safety claims
- Provide managers instant visualisation of training gaps
- Upskill staff and reduce employee turnover
- Improve employee engagement, and
- Save significant administration costs.
References
1https://www.cnbc.com/2019/02/27/94percent-of-employees-would-stay-at-a-company-for-this-one-reason.html
2https://www.safeworkaustralia.gov.au/
3https://hrdailyadvisor.blr.com/2017/09/26/digital-skills-investment-impacts-talent-management-talent-acquisition-efforts/
