Maximizing Impact with Skills Based Training Programs

Corporate training programs are an important investment for companies seeking to stay ahead of their competition. Having a highly trained workforce that is familiar with all of the most in-demand skills for their industry ensures that a company will be able to perform highly and drive the most innovative thinking. 62% of C-suite executives believe that their companies are not properly equipped to handle new talent and technology advancement as it emerges. This lack of adaptability often stems from employers lacking major skills, according to 42% of executives.

Clearly, training programs can be essential to helping a company become more nimble to major shifts in the market. Skills based training programs are not only responsible for helping a company’s performance improve; they can help raise retention rates for top employees as well. 76% of employees report that they are more likely to stay with a company that offers continuous training, as they feel like their career growth is being fostered. There are typically three main types of training programs available, designed to either onboard, upskill, or reskilling an employee. These training programs can be applied at several points in an employee’s tenure, including entry level, mid-level, and executive positions, but all are important in expanding an employee’s knowledge base and enhancing their knowledge base.

Source: YU Global