As we have seen, for a company to succeed and advance in the market, employee training and development are essential. It aids businesses in increasing worker productivity, work effectiveness, and quality of performance. What then constitutes the training and development of employees? Let’s find out with me below. 

What Is Employee Training and Development?

In this section, I will give a perspective on what training and employee development is. Employee training and development is a process related to perfecting and enhancing the knowledge, skills, qualities and professional experience of employees in the process of performing their jobs in the present and future.

Conceptual analysis:

Training and development include activities: training and development planning, implementation, and evaluation.

– Employees will be compensated for the lack of education, practical experience in the professional field, and updated knowledge and understanding.

– The training and development process will include the following contents: professional and technical training and development; political theory; corporate organizational culture; working method….

— Methods: Rotation, role-playing, tutoring, ….

In short, employee training and development is considered an investment and highly effective process.

Distinguish the similarities and differences between employee training and employee development.

As we know, employee training and development is a series of activities that help employees learn different skills and knowledge needed to become an important asset to a company. This is the key to improving your company’s productivity, efficiency, and performance.

Employee training is focused on the short-term. Currently, it aids a worker in doing their job more effectively. Its objective is to provide personnel with the (often technical) skills necessary for them to perform the duties of their position. 

Nowadays, companies are training their employees using online learning, and it’s really very impactful in terms of productivity, growth, time, and efficiency. Typically, training has a concrete end goal, such as learning how to use specific software, understanding company processes, and/or becoming clear on company policies.

Development, on the other hand, has a much more long-term vision. It is more conceptual, places less emphasis on technical proficiency, and gives employees more room to really develop as people. It aims to equip employees with the attitudes and skills that they will need to face future challenges. 

Employee development, as opposed to employee training, is more concerned with developing employees’ long-lasting skills—those that they can utilize in both their personal and professional lives.

The purpose of employee training and development

Employee training and development is a long-term story that needs to be done thoroughly. So, here are some of the main purposes of employee training and development.

From the above purposes, I draw the conclusion that the ultimate purpose of employee training and development is to make the most of the existing staff and improve the effectiveness of the organization by helping them understand more about work. 

Professional knowledge and consciously perform their functions and work attitude better than before, increasing their adaptability to future work.

The importance of employee training and development

Employee training and development is not only an important activity contributing to the survival and development of the organization, but also a profitable investment because training and developing human resources of a good organization will provide the following practical benefits:

1. Improve and enhance the working efficiency of employees.

Working in a corporate environment, most employees want to learn and hone their professional skills further so that they have the opportunity to advance in their work. Through employee training and development, each of us will realize our own capabilities, improve skills gaps, and build a more professional working style. 

After being properly trained, employees will have the necessary skills to serve at work and thereby boost productivity and efficiency even more. Employees can also discover new strengths in themselves, creating opportunities for self-advancement. Moreover, the organization of employee training shows the commitment and concern of the enterprise to employees. Employees will feel valued and valued in the business. 

2. Improve Performance Working Performance

High-quality and effective employee training and development activities will bring specific benefits to each business, such as:

• Improve personal productivity, and create a professional working environment with a great advantage when competing with rival companies.
• The constant change of the modern economy, equips employees with the necessary professional skills so that each individual and business can keep up with changing orientations and goals in the future.
• Enterprises increase their ability to adapt to social changes.
• Minimizing unexpected cases such as: employees leaving work due to pressured conditions; ineffective management of superiors, working conditions, etc.

3. Develop quality employee and save recruitment costs

Conducting internal employee training and development helps businesses better classify the roles of each employee in the company. If you focus on employee training and human resource development, businesses will also save time and money in recruiting and training new employees with similar capabilities. In addition to developing high-quality staff, internal training also helps the staff to stick together, connect with each other, build a friendly and open company culture, form a friendly environment, and strengthen collectively.

4. Build employee trust and loyalty

How to get the trust and loyalty of employees is a problem that many businesses need to pay attention to. Besides the factors of salary and bonus, appropriate remuneration policy, organizing training courses to improve expertise and personal capacity is also a way for businesses to do that. 

With an effective employee training and development process, employees will quickly realize the value of their work and position in the business, and thereby build trust and loyalty with the company.

Employee Training and Development Methods

After considering the organization’s size, budget, time frame, location, and learning goals, I chose an employee training method. Here are some common employee training and development methods.

• Traditional Classroom Training with an Instructor.
• Virtual classrooms, powered by technology—Enable staff training from anywhere, saving businesses time and money on locations and logistics.
• E-Learning—Offers students access to flexible employee training possibilities via text, audio, and video from anywhere in the world.
• A novel approach to employee training called “mobile learning” is gaining favor due to the advantages it provides, one of which is the ability to transmit information via mobile applications.
• The most popular option for top multinational corporations is blended learning, sometimes referred to as the mixed-learning module. This is because blended learning courses, like those provided by Simplilearn, offer outcome-centric learning that is highly interactive and engaging.

Who Must Be Passionate About Training and Development?

All kinds of enterprises and organizations need training and growth. But not everyone is aware of this, so they don’t all take advantage of the chances that training and growth can offer. Anyone who wants to increase their skills and knowledge should find training and development intriguing. 

This is true for employees who want to go up the corporate ladder, as well as business owners who want to maintain their companies competitively. In truth, anyone looking to advance in their professional or personal lives can profit from training and development.

How to Create a Training Program for Employees with a High Impact?

An effective employee training program is built with a clear, systematic, step-by-step process. Unsystematic training chapters often fail to meet the initial goals and expectations of the participants. I will outline the five steps needed to create an effective training program.

• Assessment of training needs
• Set training goals
• Make a training action plan
• Implement training initiative
• Program evaluation and modification

A real-life example of how Blockchain companies train and develop employees

Learn more about how organizations train and develop employees. I give an example of a blockchain company. You know, every company is aware that incentives provide a significant barrier to effective employee development. Employees need to be coaxed out of their comfort zones in order to acquire new abilities. Especially those that support the interests of the tech-savvy generation, by offering financial incentives. 

It will be simpler for businesses to entice staff to training sessions and provide them with instruction not just during working hours, but also during their own time. However, because it can result in excessive costs and a lack of genuine value for employees, many firms struggle to put an effective compensation system into practice.

It’s true that a company can administer its rewards program with the help of a variety of third-party solutions that are currently available. The majority of them use point systems, in which employees receive points for each accomplishment, which can subsequently be redeemed for products or services from corporate partners. This method has an inherent problem in that the value of the points and the record of accomplishments are limited to a specific area and are therefore useless elsewhere.

By utilizing blockchain, businesses can increase employee performance by giving reward points and accomplishments real-world value. Employees will be free to use rewards and achievements without restriction in a decentralized blockchain environment where they are not restricted to a single location. Organizations might, for example, give out tokens that can be used for digital transactions to trainee employees who excel in a brand-new, developing field. 

Additionally, businesses might use upcoming ICOs to recognize and reward staff members who have excelled above their peers in mastering challenging new skills. As a result, every employee will be encouraged to learn new skills to the fullest extent possible, fostering a learning culture.

Conclusion

Undoubtedly, implementing an employee training and development program is an expensive endeavor, but the advantages it provides your business are too great to pass up. Integrate training into the culture of your business. Include everyone, including both management and staff.

Also, keep in mind that the advantages of a training and development program for employees depend on how successful your program is. Follow the plan exactly and don’t veer off course. Don’t forget to use our free checklist that is available to assist you in developing your personnel training and development strategy. 

If you are starting a new blockchain startup, especially with NFT, and Web3. Come to Satom Venture Studio. At Satom, the creators are dedicated to establishing a decentralized world. We provide premium financial and support services to help founders create thriving blockchain companies. Contact us at hello@satom.vc if you are interested.