Running a successful business involves a lot of moving parts. One of the most important—and often overlooked—parts of running a profitable company is training and employee development. In fact, a study by The U.S. Bureau of Labor statistics found that companies with fewer than 100 employees gave only 12 minutes of manager training every six months. Organizations with 100–500 employees provided just six minutes. So, what does that mean? A lot of organizations aren’t taking into consideration the long-term impact that a comprehensive training program has on their company. To have a successful team, you need to ensure that they have the skills and knowledge that allows them to be more productive. A successful training program can also help employees feel greater job satisfaction and engagement which means less turnover for the company.
While it can be a bit time consuming to initially set up, employee training is worth the investment. Here are five steps to implementing a successful training program.