training seminars

In the era of constant changes and dynamism, staying competitive is the key to sustainable growth and performance. It is in this context that Training Seminars for the staff in a company become relevant in order to keep them motivated and up-to-date with industry trends and new technologies. These Training Seminars are in a way almost essential for maintaining the relevance of the workers’ contribution to the organization.

Apart from the benefits accrued to the organization as a whole these Training Seminars benefit the staff too. They help them to learn new skills and become a valued asset in any organization. Training Seminars bring direct benefits to the business and for this very reason can be calculated as a return on investment.

No matter which industry we consider, or what the size of the business is, training seminars can have a positive effect on the business performance and a definite measurable impact on the bottom line of the organization.

Research has also proved conclusively that productivity among the employees of the organization increases even while the training seminar takes place. Most times, staff who receive formal training are found to be up to 230 per cent more productive than their untrained colleagues who might be working in the same role.

Training Seminars also help in the staff retention as it gives employees an incentive to stay on. Staff retention is a significant cost saving to any organization. The loss of one competent person can cost the equivalent of at least a year's pay and benefits.

In a large number of companies, training seminars have in fact reduced the staff turnover by almost 70 per cent and have led to a return on investment of 7,000 per cent. Training Seminars provide for increased quality in the performance of the employees and services by fostering accuracy and efficiency, good work safety practices, and better customer service

The benefits of a training seminar conducted in one area can flow to all levels of the organization. Over time, training seminars not only boost the bottom line, but reduce costs by decreasing wasted time and materials, maintenance costs of machinery and equipment, workplace accidents which may result in lower future insurance premiums, recruitment costs such as advertising and induction, through the internal promotion of skilled staff, and absenteeism.

~ author Sakina Kadiwala.

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