If you are a business owner, you have probably heard at least some of your employees complain about the training process. Whether they think they have received too much or too little, it is important to note that numerous studies have proven that training is one of the best ways to improve morale, employee retention rates and your bottom line.
Additionally, management employees who are given the opportunity to receive leadership coaching will typically experience a boost in their overall performance. With these two points in mind, it makes perfect sense to explore these options for your team.
Leadership Training Programs
You might believe the old saying about leaders being born instead of made, but there is a large amount of evidence that contradicts this thought process. Although some people do have more of a natural ability to lead others, the majority of your employees have the potential to become leaders if you give them the necessary tools.
A study that spanned two decades took a close look at the link between leadership training and managerial skills, and researchers were able to conclusively determine that performance and job satisfaction does increase as a result of having access to additional training.
Is Business Coaching Truly Necessary?
You may not be able to afford to offer business coaching for every member of your management team, but it is definitely a wise investment for higher level executives. In fact, a research study found that executives who had access to a business coach for six months experienced a 61 percent increase in job satisfaction, along with improved productivity and quality. This led to a 34 percent reduction in customer complaints and a 22 percent boost to profits overall.
Training for Lower Level Employees
It might not make sense to send your lower level employees to an intensive off-site training course, but it is still important to be aware of the necessity of a good training program. Even the most basic jobs still require some building blocks, and employees at all levels have the ability to affect your profit margin.
Studies have shown that training leads to lower turnover costs, higher job satisfaction and a reduction in costly mistakes. In other words, spending a couple of hundred dollars training a lower-tiered employee could save you thousands in the long run.
Training and Coaching Programs for Upper Management
Everyone on your team needs to be able to perform multiple tasks, and your upper management employees must be able to keep everyone motivated. The Center for Management & Organization Effectiveness, which is more commonly known as CMOE, has been helping companies like yours meet these goals since 1978.
With a client list that includes AT&T, the FBI and Samsung, it is easy to see why CMOE has thrived for so long. Their specialties include coaching, team development, strategic thinking and leadership, employee development, leadership training and organization performance improvement.
In the long run, you will only get as much out of your team as you put into their training and development. Therefore, it is in your best interests to work with a professional coaching and training company such as CMOE to ensure that your employees are kept up to speed. As an added bonus, investing in training is virtually certain to improve your profit margin over time.