As part of Employer Advantage’s comprehensive suite of HR management and outsourcing services (HR, Payroll, Health & Benefits, Safety, and more), we take on the burden of our clients’ employee administration and compliance responsibilities. Please contact us if you would like assistance: 417-782-3909
In today’s labor market, highly skilled men and women are in high demand and short supply. Employers that are willing to invest in training their workforce will not only increase their hiring power but also prepare their business for a stronger and more stable future.
Companies that are determined to grow often drive their business by competing fiercely for skilled workers. Oftentimes, to make room for these highly desirable and higher paid employees, the undertrained are subject to job cuts.
Recent polling of senior executives found that 50% are planning to have layoffs soon. This trend has significant implications for both employers and the staff they wish to grow and keep. Great employees who lack the capabilities to compete for high-skilled jobs may be excellent candidates for training in the needed skills.
A wise decision can be to “hire” within by promoting and investing in trusted and talented employees. This can help avoid constant employee turnover and the many expenses associated with an unknown hire.
Providing training brings a fresh take on the old-fashioned “work your way up.” Businesses with employees that already have a deep internal knowledge of their company can provide important processes and procedures that are often undervalued. Your own workforce candidate pool can ease labor deficiencies, while also building morale.
Investing in training your workers can also provide leverage when you need to make an important outside hire. Any new candidate will see that your company values its workforce and doesn’t just “churn and burn” its employees.
Here Are Our Recommendations to Explore Your Company’s Training Opportunities:
- Focus on providing an environment for learning and open communication. Discuss skills needs with managers and workers. Make both part of the solution.
- Set realistic expectations. Every job is different. Each skill will take different amounts of time and expertise to teach properly.
- Establish (and collectively invest in) a formal training program. If the training skills necessary are not possessed internally, investigate an outside program that can bring new perspectives and skills to the company.
- Ensure training is created to be a key to job satisfaction. Employees who learn and progress in their assignment, both as a trainer or trainee, are happier.
- Set milestones and recognition rewards for both. If both receive recognition, the satisfaction level will increase dramatically. Morale will increase greatly.
Do not fear creating mobility in your employees by training them. Since the COVID-19 pandemic, jobs and workplace dynamics have dramatically changed. Innovative technologies, new equipment, new regulations, and training programs can be an integral part of creating a successful business plan that will be supported by a strong and stable labor force.
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About Employer Advantage
A New Path to HR Bliss – Trusted for more than 30 years, Employer Advantage frees you from the administrative and compliance burdens of having employees so you can focus on your business success. Versatile enough for companies of all sizes, our unique service combines comprehensive management of your employee administration and compliance with the latest software solutions, tailored to meet your individual needs and company culture. Our full-service management of Human Resources, payroll, health and benefits, workplace safety, and more enhances your profitability while reducing the costs and risks associated with employment law compliance. We provide your employees with top-notch assistance and benefits that help you increase productivity, save time and money, and attract and retain a talented workforce. And for small and mid-sized businesses, we bring you economy of scale with access to Fortune 500-level benefits, specialty assistance, and savings that would not be possible to attain on your own. Headquartered in the Midwest and serving more than 500 companies and 10,000 worksite employees throughout the country, Employer Advantage is an IRS-Certified Professional Employer Organization (PEO) (CPEO). Experienced, certified, and trusted. www.EmployerAdvantage.com
Employer Advantage has joined the G&A Partners family. Combining forces with this team of trusted and seasoned advisors will help business owners on a much larger scale and with more resources.