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Expert Answers to Biz Questions

Listen in! Pick up some expert advice to a reader's question that we selected from CyberSchmooz.

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How Investing in Your Employees is a Great Investment in Your Business

 

Your company is nothing without your employees. Their talents and hard work are what elevate your business on multiple fronts. One person, no matter how talented, cannot develop a business into a roaring success without them. That is why you hire the best, right?

 

The issue with hiring the best is that it shows you consider your employees to be stagnant. Everyone has the potential to learn, grow and become better at their job, and with the right strategies and internal investments, you can encourage a working culture that improves every employee from day one.

 

So, continue to hire the best when needed, but follow this guide to successfully invest in your employees for the betterment of your business:

 

You Can Train Them in Talents You Need

The most important part about investing in your employees is that you can decide what areas they invest their time and energy into. By sponsoring their completion of the Six Sigma Green Belt program, you can improve the management of your company and enjoy smarter process implementation at every level of the business. Programs like the Six Sigma belt certifications are excellent for large businesses, as you can sponsor multiple employees throughout the varying levels all at once.

 

You Increase Employee Loyalty and Reduce Turnover

Employees that see no return for their hard work will stop trying. They will look at their coworkers who are doing the bare minimum for either the same payoff or, if they were there for years, a higher paycheck.

 

You do not want that. You want to encourage the ambitious. You want them to feel like they have a future in your company. By giving your employees a choice to sign up for training programs that you will sponsor, you can create a stronger internal promotion chain and give all ambitious employees a chance to grow.

 

You can’t promote every employee who deserves it, but by offering skill development as part of the benefits of the business, you will give them an outlet for improvement and encourages employees to stay and use their new skills for your business.

 

You Improve Employee Wellbeing

Being able to improve and develop skills is a key part of anyone’s wellbeing. Yes, people like the familiar, but if they are forced into stasis, their mental health will start to take a hit. They will get bored, disenfranchised and either look to leave or start performing worse over time.

By offering means to improve their skills and learn new things on the job, you give them the ability to grow and adjust in a safe environment. It will spur them to work harder, learn more and become a better workforce overall, all while being more satisfied with their job than ever before.

 

You Become a More Attractive Business

Offering comprehensive training programs and learning opportunities will make your business more attractive to potential hires. You might not be able to provide the most competitive salaries, but giving a mid-level employee the chance to gain skills they can and will use to further their career is one of the best benefits available.

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