Understanding the value of training

Although most people understand the importance - and often the necessity - of training, time and financial pressures can sometimes get in the way. Successful businesses recognise the benefits for both individuals and the company as a whole and make training a priority.

Increased productivity

Training staff to work more efficiently, or effectively, will increase their productivity. Lack of knowledge, or skills, can increase the time taken to complete a task, or even prevent it being undertaking it the first place. Offering training to rectify this can increase employee confidence as well as increasing productivity and profits.

Growth of the business - increase your profit

Building your business often means employing more staff and increasing staff costs. Training and improving the skills of your current employees, so they can take on increased responsibility or additional tasks, may give the company a more cost-effective alternative.

Increase staff retention

Investing in your current staff is a clear sign that you recognise and value their contribution. The effect of training on staff loyalty and retention was highlighted in the 2006 City & Guilds Report - Train to Retain. According to the report, one in four workers say that they have left, or would leave, a job because of poor training and career prospects.

Increased competitive edge

Companies that promote learning and training are recognised as being more competitive and efficient.

Complying with the law

Both companies and individuals may require training in order to meet national product standards and to comply with the law. This is often the case in the woodworking industry, which is subject to considerable legislation, whether health and safety, or national building regulations.