OJT: Why Investing in New Employees Benefits Your Business

Investing in New Employees Benefits

If you want to find a way to get the most out of your workers and give yourself a great chance of positively influencing your bottom line through greater efficiency, on the job training (OJT) is definitely something to be looking at for your business.

One good example of how and why OJT can benefit your business, would be the on-site training that you can get from ReliantFinishingSystems.com, so that new and existing employees can gain a better understanding of how to use a powder coating system.

Here is a look at some of the ways your business might gain from embracing OJT and all that it has to offer.

Improved performance through greater competency

Experience has a value, both to you and the worker who can perform their duties to a certain standard, so it makes perfect sense to many business owners that if they invest in teaching their employees the knowledge, skills and level of competency that they need, their foresight will likely be rewarded.

On the job training does what it says on the tin, as it is arranged to occur within the normal working environment and time frame, making it a viable and cost-effective solution to providing the instruction required, without disrupting the normal workflow to a certain degree.

It can also often be the case that you may be using a suitably-qualified co-worker to provide some or all of the teaching required, so the ROI on your investment might stretch to more than one person benefitting from the initial training provided.

Continuity with your training program

It is a bit of a no-brainer when you are presented with an opportunity to teach your managers to train other workers who currently don’t have the same skillset or knowledge as they do.

In basic terms, if you teach your managers to train, this policy will almost certainly increase the general effectiveness of your internal training procedures and create a chain of continuity down the line.

It is often the case, that employees will respond well to receiving mentoring and training from their manager, who is also a work colleague of course. Another positive aspect with OJT in general, as well as when the task is carried out be a manager within the business, is that most employees do tend to respond positively to being offered the chance to learn new skills and enhance their prospects of promotion in the future.

Better staff retention

Workers who feel that their employer is investing in them and encouraging them to gain new skills and experience, are likelier to be happier about their job and more likely to stay with you.

Investing in your workers will often result in better staff retention figures. A leading UK university (Middlesex) carried out an extensive survey and found that about 40% of employees who did not receive adequate training, either on the job or via external learning sources, often end up seeking alternative employment with a year.

The result of this particular survey would seem to highlight and confirm a particular trend, which is that if you don’t invest in training for your workers, there is a high probability that they will seek out another employer, who they feel might offer to nurture and educate them, therefore offering what they perceive to be better prospects.

Classic dilemma

A common reason cited by a number of businesses who don’t provide ongoing training and development, is that high staff turnover rates deters them from investing in people who might not hang around long enough for them to derive a benefit from a more skilled workforce.

This is a classic dilemma, as it could be argued that the very reason why a business might be suffering from unacceptably high staff turnover rates, is due to their concerns about retaining staff, but it is the lack of OJT that is causing them to leave in the first place.

There is always an element of risk that your business could train somebody, only to find that they then use these new skills to seek a new position elsewhere. The general feedback is that if you invest in your staff and they are happy and feel rewarded as well as optimistic that they will have opportunities to progress their career within their existing employment, they are far less likely to leave, than if they don’t think that you are doing enough to enhance their knowledge and career prospects.

On balance, your business might just reach the conclusion that investing in employees, new and existing, will ultimately benefit your business.

 

Lola Collier is a business woman who enjoys sharing her knowledge with like minded business owners, but most especially women who are starting out and need a helping hand enabling them to succeed. Lola participates online with her articles and also answers a range of business questions people have.

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