Prior to the COVID-19 pandemic, technology was
in a constant state of flux. Every day, new software tools and methodologies were
being created, and systems were updated to gradually replace the transitioning
technologies of yesterday. These new advancements offered exciting opportunities
for businesses, but also required new skills to operate properly. And now, both
technology and the businesses that use it must adapt to a changing environment
like never before, in particular regarding how people communicate and
collaborate, while striving to limit drastic changes to their current workforces?
Organizations must now invest in their
workforces by providing skill
training programs that help employees develop new abilities and minimize gaps
in knowledge, while having to work virtually. In this new technology
driven world, skill training will be crucial to remaining competitive. According to a 2018 World Economic Forum
report, more than
half (54 percent) of all employees
will require significant skill training in just three years. In the
shadow of COVID-19, those three years now feel more like three months.
Here are some other reasons why, today more
than ever, it’s crucial to reinvest in your team:
Training Improves Employee Retention
from the US Bureau of Labor Statistics shows that three and a half
million employees have left their jobs voluntarily every month since January
2019. That high level of voluntary turnover speaks to the issue of low
employee retention across various organizations.
So, how can businesses boost employee retention?
A start is by showing employees that they are valued, and their future career
paths are being taken into consideration. In a national survey of over 400 employees spanning
three generations (Baby Boomers, Generation X, and Millennials), 70 percent of
the respondents indicated that job-related training and development
opportunities influenced their decision to stay at their job.
employees and providing career growth opportunities shows that businesses are
dedicated to continued learning as well as their employees’ futures. Reskilling
your workforce shows employees the path to career advancement in front of them,
and those opportunities might excite them about their future with the company.
Training Increases Employee Productivity
Training fuels motivation. When employees
fully understand how to use the technology in front of them, they can work
faster and produce higher-quality work. Higher-quality work leads to happier
clients, coworkers, and supervisors. Better skill training is necessary to give
employees the tools for success.
The Return on Investment (ROI) Is
technical skill training programs cost money upfront, they provide a clear ROI.
It’s less expensive to invest in the training of current employees than
covering the expense of seeking out quality new hires. When an individual
leaves a position, they take their knowledge and experience with them. The costs involved in
the recruitment and hiring process are high, from advertising the position to the time it takes
to train a new employee. It’s crucial to invest in current employees, not only,
so employees are happier and more productive, but so money and tenured
associates aren’t lost. For example, MAX Technical Training has worked with
several large insurance companies who have been able to reskill current
employees from non-technical roles within the organization, to lead IT
positions. This is a win-win for both the company who benefits from retaining
their valued talent, to the employee who not only learns a new skill but also
understands their employer values them and their work.
training opportunities also lead to increased productivity, which leads to less
wasted time and money. The many advantages of technical upskilling are
interconnected, woven together to create a strong argument for its
Are You Ready to Invest in Skill
Technical Training is a woman-owned business, currently in its 23rd
year, responding to the changing needs of clients. We provide educational
services for IT professionals, software developers, IT leaders, and knowledge
workers in Fortune 1000 companies worldwide. MAX specializes in private
customized classes, mentoring, and intensive bootcamps for individuals seeking
a career change. Our current offerings include training in ITIL4, Agile,
Business Relationship Management, Cloud Security, Kubernetes, Business
Analysis, Angular, Test Automation, Java, F5, and Microsoft. In addition, we
are continually adding new technologies in response to our clients’
requirements. We vet the most knowledgeable and experienced subject matter
experts to teach our classes. MAX delivers training in many modalities,
including open classes attended in-person or remotely, as well as private
classes offered at the client site anywhere in the world or multiple locations
at once using our remote technology.
To protect your investment, MAX offers employer insurance.
If an employee leaves your company within six months of completing training at
MAX, we will train their replacement in the same class at no charge (subject to
terms and conditions). In addition, MAX also offers “re-takes” to refresh the
skills and memory of clients who have purchased and attended one of our
you’re looking into skill training, reach out to us so we can discuss the best training program for you
and your team. And, if you’re considering another technical training facility,
see why MAX is the best
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