It’s an oft-stated problem of business ownership: While you need employees for your company to thrive and grow, actually hiring new employees can be exceedingly expensive. Factor in all the onboarding you have to do to get a new employee up to speed—plus the clipped productivity as the employee is properly trained—and you have a staggering cost that can surpass the employee’s annual salary several times over.
Given the high cost of hiring new people, retention is obviously paramount. One of the secrets to good employee retention is good employee training. Invest in your team members—not just when they first arrive at the company, but throughout their tenure—and it’s far more likely that they’ll invest in you.
The difficulty here is in kickstarting a good employee training program. Maybe you’ve never really invested in ongoing staff development. What are you supposed to do to start now?
Consider the following strategies:
As you seek different avenues of employee engagement and professional development, don’t forget about all the education resources we offer here at ACES; our modules and webinars may be just what your team needs to kick off its training program!
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