Invest in Your Workers

“The secret of my success is that we have gone to exceptional lengths to hire the best people in the world.” – Steve Jobs

For most employers this quote is true.

We go to job fairs, spend countless hours interviewing new potential employees, and some have whole departments assigned to the task of hiring. The effort put into hiring is only surpassed by the effort put into training these new staff members.

Replacing a low to mid range employee can cost 16% – 20% of a workers annual salary. Literally thousands of dollars for any one employee you have to replace. Which leads to the importance of retaining the employees you already have.

This isn’t revolutionary. Many employers know this to be true, and would agree that it’s cheaper to keep employees than hire new. But take a moment and think of what you as a company is actively doing to retain those great employees you put so much effort into hiring.

Previous blogs have touched on how to keep employees happy, appreciating them, and listening to their needs. All very important aspects of employee retention.

But have you considered training? Increasing your employee’s knowledge through additional training works two fold.

• One, you will spend less money training a current employee in new skills then training a new employee the basic skills necessary for the job.
• Two, your employee will grow and be challenged with the training.

This will help them feel appreciated and also they will be able to put their new skills to work for your company. Ideally increasing their productivity and your profits.

Employees who are growing and learning will also be less likely to look for work elsewhere. New challenges will keep their work exciting and leave little time for boredom.

Another great aspect of job training for current employees is government grants. Small, medium and large businesses are currently eligible for grants to help pay for training of current employees. So on top of it costing you less to train current employees over new, you also can receive government grants to help make this possible. When you invest in workers there are countless positives and the only negative being cost. When you can get government grants and assistance to help cover costs it helps decrease the negatives even further.

In the end investing in your employees with training is a direct investment in your business. If your ready to learn more about possible grants available to you contact us today. And let’s get starting investing in your future.