What exactly is corporate training?
Corporate training aims to provide learners with the proper knowledge and skill-set to perform their job at the highest level. In larger organizations, it is typically done by a learning and development (L&D) team. It is their job to identify training needs, develop training programs, and make them accessible to the employees.
Corporate training is crucial for any business to succeed. Your employees are the touch points to the goals and the end result depends on their capability, therefore improving their knowledge and skills will only boost your business.
Advantages of corporate training
Increased efficiency: Well-designed corporate training caters to every employee’s needs and makes the workforce more efficient and productive. Over a period of time, these improvements help a company generate more profit.
Increased Motivation: Corporate training helps individuals, teams, and departments to unite as a single organizational structure. Employees who are aware of how their job role supports the overall mission and goals of the company can draw a line between their work and their company’s success.
Reduced turnover: Several surveys have shown that today’s professionals want more than just a paycheck. Millennials (aged 22-37 years) value employers who can offer flexibility, development opportunities, and a sense of purpose. They are more likely to change jobs if they find their current role unsatisfactory. This job-hopping tendency can be expensive for employers. A recent study conducted by Gallup found that the cost of worker replacement is at least one-half of an employee’s annual salary. Companies could instead use this amount to keep their workers engaged and productive.
Building corporate culture: With high-quality corporate training, corporates can align values and strategies. If an organization goes beyond the basics then it shows that they are willing to invest in its staff over a long-term basis. For employees getting an opportunity to receive such learning sends a message that You matter to us”.
A corporate training company in India
India has proven itself to be a business magnet for multinational corporations across the world. With educated and English-speaking professionals here, international businesses find huge potential here. The Indian education system prepares students in a broader manner by providing them with analytical and comprehension skills. One big flaw of this system is the lack of focus on practical skills, which is of utmost importance. This leaves many of the students to join the workforce as generalists. Therefore, corporate training plays a crucial role in bridging the gap between the education system and on-the-job requirements. There are numerous corporate training companies in India that specialize in different areas of learning and focus their services on different industries.
Different companies have different training programs, and it depends on their diversity, size, and business needs. Here are some common types of corporate training programs.
Onboard and orientation: This type of training is conducted after a newly hired employee comes to the organization and it continues until that person is able to work independently. The main objective of this program is to streamline the new employee adaptation process and help them become comfortable and productive faster. The onboarding training program is flexible and can be broken into two main parts:
Training for all the new hires. It provides the new employees with general information about the company, its history, mission, vision, and values, as well as the policies and regulations.
Specific training for a specific role. This training is focused on developing knowledge and skills crucial for a new hire to perform their job role.
Compliance training: This training is part of the new hire onboarding process and is mostly mandatory. This is focused on company policies and rules that employees need to know in order to not make problems for the employer. These policies and procedures are usually industry or job specific. This training can include diversity training programs, business ethics, anti-harassment, workplace safety, privacy training, and data protection training.
Hard skills training: No matter how skilled a professional is there is always room for improvement. Hard skills are the core of employee development because this training helps them improve upon their key skills and acquire new skill sets to become even better at their role. Employees need to train at regular intervals to keep up with the latest developments.
Soft skills training: It is very important that your employees know how to behave, this is where soft skill training comes in. Studies have shown that good soft skills enable employees to positively affect their company’s success and increase ROI. This skill is related to interpersonal relationships and involves communication, decision-making, and problem-solving. This creates a culture of open communication where everyone can optimize their performance. This is important for bringing new clients, improving customer service, and building an efficient team.
What to expect from corporate training companies in India.
For professionals who take decisions at the last minute or have a hard time performing through a crisis situation, corporate training can help such individuals. Corporate training companies in India have rich experience in whatever industry they are focusing on. This is because the Indian market is very dynamic and with years of helping various corporates to become adaptive, Indian training companies have an edge over other trainers. If your company has employees who are not getting you the results you desire, then hiring the services of corporate training may be the best option. They can train your employees to become quick decision-makers, better goal executors, and risk-takers. Post-training you can notice a measurable increase in productivity.
Conclusion - High-quality business outcomes and services depend on how well trained the employees are and whether they are skilled enough to handle the increasing competition. As services are increasingly becoming the focal point of many businesses, the demand for corporate training is also growing along with it.