• Post Graduate Program in Banking and Credit Underwriting
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    12 X industry demand
  • Post Graduate Program In Finance And Accounting
    Co-created with Grant Thornton
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  • Professional Certification in FinTech
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  • Credit Risk and Underwriting Prodegree
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  • Banking And Wealth Management Bootcamp
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  • Post Graduate Program In Capital Markets
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    3X industry demand
  • Certified Investment Banking Operations Professional
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  • Post Graduate In New Age Banking
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  • Financial Analysis Prodegree
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As an organization, your employees are among your biggest assets. For the growth and success of your business, it is essential to invest in newer talents who bring varied qualities to the table. Organizations often go through painstaking processes to hire qualified employees who fit the bill and the role; additionally, the process can often be expensive and quite lengthy. Also, at certain times, the employee-organization compatibility does not work out.

Where the need for new talent cannot be undermined, it becomes crucial to retain some of the best minds you already have at work. Often regardless of what industry you’re in, you’d see that business is a constantly evolving cycle. Quite similarly there arises a need for more evolved job roles.

However, it is advisable not to limit your approach to new hires only. Why not train your existing staff with a set of fresh skills? It is a win-win for both parties, in the sense that, as an organization, it is beneficial since you’re already working with someone who is compatible with your work culture. For the employee, it acts as an opportunity for his career development to hone his existing skills further.

Statistics say, “76% of Employees Are Looking for Career Growth Opportunities”.

While the importance of technical skills is unparalleled, the zeal to overcome new challenges, increase one’s emotional quotient, looking out for the company’s benefit in every decision made, and more, are important attributes for you to look out among your existing employees. In this post, we shall understand more about why employee training is central to your talent acquisition program.

Benefits of employee training

Talent acquisition is synonymous to employee training because it covers all aspects, you’d possibly need to shape up your workforce into something that is more engaged, and efficient. Employee training includes performance management, leadership enhancement skills, recruitment, and succession, all of which make up an employee pie-chart. Here’s what more you can get out of it:

Increased engagement at the workplace

Frequent training programs at the workplace prevents monotony while establishing a scope for reinterpreting existing skills that employees possess, and how they can be enhanced. Training programs help understand, who is good at what and which employee has the possibility of bringing something more to the table.

As an organization, training programs help you understand what are the growth opportunities you can provide internally, instead of hiring fresh talent and training them from scratch. You can also plan future training programs after you understand where the gap needs to be bridged.

Workplace loyalty

Investing in a training model for your employees instill a sense of workplace loyalty and belonging among them, and makes them want to invest their skills in the company. The result of this is a give and take the cycle of codependency that drives loyalty as the end goal. And, as you may already know, this is directly proportional to productivity as well as employee retention.

Making leaders for the future

You need someone to hold the baton, and what better than passing it on to an employee you can vouch for. By training programs that hold leadership development as their goal, not only are you growing within the company but also promoting the fact that how the company is always on the lookout for talent in managerial or leadership roles.

Empowering the employees

Empower your employees to build their confidence. Training programs that are intended to help them hone their existing skills or develop new ones bring about a greater sense of confidence.

Fill in gaps in the business

Every business has at least one weak point which might be a major area of disfunction. This may arise from an insufficient workforce to service demand ratio, undertrained staff, or lack of planning. Identifying the weak points in your business, and building employee training programs around the same goes a long way for your benefit.

The endnote – Why training needs to be followed by implementation

 Employee training is the first step to talent acquisition. Training alone cannot push your entire workforce for excellence; implementation is equally important. After employees have picked on new skills, help them put them to practice. Assign challenging tasks out of their comfort zones, create support and feedback channels to assist them and arrange for follow-up training sessions if required.

Make sure though you give them enough time to rise and shine!

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About Imarticus
Imarticus Learning is India’s leading professional education institute that offers training in Financial Services, Data Analytics & Technology. We’ve successfully transformed careers of over 35,000+ individuals globally through our Certification, Prodegree, and Post Graduate programs offered in association with leading and renowned global organisations in the Financial Services, Data Analytics & Technology domain.
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