There is no better way for a company to differentiate itself from the competition than by investing in its people. Intelligent and knowledgeable employees are the cornerstone of any company that is successful in the business world, and therefore it should be the highest priority for all companies to support the creation of skills based training programs for their employees. These training programs should be custom developed for the needs of a company and backed by the latest research, innovations, and best practices that can be found on the market. AI, along with expert opinions, can help ensure that the programs are as up-to-date and relevant as possible.
There are so many benefits that come from investing in proper training, both for employees and the company itself. 76% of employees are more likely to stay with a company that they believe is prioritizing their career development with continuous training. This ultimately improves the bottom line profits for a company, as they will both not have to deal with the expenses that come with employee turnover and their employees are producing at the highest output. In contrast, 42% of C-Suite leaders claim that skill shortages are holding back their abilities to respond to change, indicating that training employees in the latest skills can keep a massive organization surprisingly nimble.
Source: YU Global