Why employee training a critical investment for organizations

MANILA, Philippines — Attracting and retaining top talent has become more challenging for companies in today’s competitive market. As a result, employers are continuously refining their employment packages to meet the evolving needs of the modern workforce and secure the best talent.

While higher compensation and expanded benefits remain important, companies must also prioritize employee training and development opportunities. This has become especially crucial in the Philippines, as more Filipino Gen Z professionals enter the workforce.

According to the Universum’s Talent Research 2023, the younger generation places significant value on employers that provide training programs, in addition to competitive salaries and a positive work environment.

Reflecting this trend, companies are now placing greater importance on employee development, as highlighted in Jobstreet by SEEK’s 2024 Hiring, Compensation and Benefits Report. This shift aims to strengthen both talent acquisition and retention efforts, acknowledging that investing in training and development is crucial for long-term success.

Here are reasons employee training should be a critical investment for organizations:

Enhances employees’ skills

Training initiatives play an essential role in sharpening employees’ existing skills and developing new ones. Offering a variety of training programs allows organizations to ensure that employees’ skill sets remain up to date with evolving industry standards and best practices. As technology, processes and systems continue to advance, continuous training equips employees to adapt to these changes. It also enables them to better serve clients by meeting diverse and ever-changing needs. Investing in employee training gives businesses a competitive edge, as it empowers employees to consistently meet client expectations.

Opens career advancement opportunities

As employees gain valuable skills and expertise through training, they become more effective in their current roles and better prepared to take on new responsibilities. Access to specialized training and certification opportunities equips employees with the qualifications needed to advance, making them ideal candidates for promotions and higher-level positions within the organization.

Improves performance

When employees are well-trained, they are equipped to handle their daily tasks competently. With the necessary knowledge, skills and tools, they can complete their day-to-day duties efficiently, which enhances overall performance. This also reduces errors, an essential factor in industries like healthcare, where accuracy is crucial for the timely processing of billing and other important processes.

Boosts talent attraction and retention

Investing in employee learning and development opportunities demonstrates a company’s commitment to its workforce, making it more attractive to potential hires, as top talent seeks organizations where they can grow. This investment also strengthens retention by making employees feel valued and encouraged to grow within the company, which boosts satisfaction. Additionally, enabling employees to pursue leadership roles and progress in their careers reduces the likelihood of them seeking growth opportunities elsewhere.

Brooks is the director of Talent Management at Omega Healthcare Phl. A seasoned HR professional with over two decades of experience, Brooks holds a Master’s in Organization Development and Change from Pennsylvania State University.