The world of business is continually changing thanks to fluctuating political forces, economic conditions, and new technology. Organizations that fail to keep up with the pace of change risk falling behind. With progressing pushing businesses forward, it’s never been more important to ensure that employees are benefiting from high-quality training.
Corporate training is designed to develop your workforce’s skills. As a result, the organization benefits from greater longevity and efficiency, and its value increases exponentially. But, how do you choose the right type of corporate training for your workers? The Global Resources LLC consultant team recommends these five types.
- Change Management Training
When transformational change takes place, organizations must go through the process of change management. While sometimes these changes are planned – for example, an acquisition, merger, leadership change, or new technology adoption – others can’t be planned in advance. The COVID-19 crisis is just one example of how disruption can arise without any kind of warning.
62 different types of corporate transformation were studied by The Harvard Business Review, and the conclusion was that battles have to be wisely chosen in order to ensure that organizations don’t suffer a negative impact on their performance. While many companies launch streamlining and cost-cutting transformations, these can kill innovation and dampen employee morale.
Yet, when carried out properly, change management improves the willingness of employees to adapt to change without compromising on productivity. As a result, the organization can emerge even stronger following a disruption.
- Communication Skills
Training in communication skills is often overlooked in the corporate world, yet it’s something that is incredibly important. Being able to communicate well is vital to an organization’s morale, revenue, and productivity. When communication training is put in place across every level of a company, ut can help departments, teams, and individuals improve their ability to share information and exchange ideas. It also gives the organization a whole power to boost its operation effectiveness, increase employee morale, and reach its strategic objectives.
- Employee Retention Training
High staff turnover has a high cost for any business, from benefit payments to the cost of advertising for new staff. Not only are there direct costs, but there are indirect costs too, and these have longer implications for the business. Damaged worker morale, poor corporate reputation, and dampening of creativity and innovation are just a few of those potential implications. Corporate training in employee retention is therefore essential.
- Project Management Training
Time and money are wasted constantly on projects in all organizations and industries. Frequently, projects go over budget or fall behind schedule. Effective project management training better equips teams by improving their competencies to finish projects on time and within their scope and budget. It teaches employees how important prioritization, goal setting, and time management are, and this ensures that resources are maximized.
- Strategic Planning Training
For senior leaders, middle management, and executives, strategic planning corporate training is vital. It helps the organization to focus clearly on a single destination and to develop actions and goals that ensure the whole company is moving together to reach it. With effective training in strategic planning, it’s possible for organizations to transform themselves thanks to alignment around common values, actions, goals, and visions.
With these five types of corporate training, any company can strengthen and develop its workforce and take itself to a whole new level of success.