Some Staffing Companies Are Beginning to See That Training Their Own Employees Is Extremely Profitable – Here’s Why:
You have no doubt experienced finding the right people for your business – whether internally or to place as associates – something of a struggle. No doubt your peers and clients are having the same problems.
There are some factors that are making it hard to find the right people.
Factor #1: For one, the employment rate is down significantly.
Factor #2: Also, in uncertain times, people with jobs are less likely to take the leap into something new.
But what about instead of finding the right people, you created them? That is, ramping up the skills of your staff by implementing a robust training program. In the past, companies have been wary of such programs, worried about return on investment. But it’s actually the opposite: an investment in training now pays off vastly later.
3 Benefits To Training
1) Train For Culture Match
There are many advantages to training. If you have staff and associates that are willing to learn, you’ll be able to leverage this labor pool. You’ll be able to train your own way, which for internal employees might mean everything from software to company culture. For associates, it might mean learning new skills that they can then apply, helping them and helping your business as well.
2) Opportunities For Growth
Another advantage is if you consider the growth of your business. Say, for example, you are contemplating an ancillary business to your own. By training some key staff, you’ll be able to open that new branch or business more efficiently.
3) Everyone In The Business Benefits
Then there are benefits to both you and your employees. You’ll get excellent word of mouth, a differentiator with your competitors, your retention will go up, and you’ll get extra loyalty. In addition, employees will see that there is a way to advance through your organization.
Madison Resources – A Strategic Funding and Back Office Partner
Building a training program takes focus, of course, and it’s maybe something you have contemplated “down the road.” But at Madison, with our payroll processing, technology, back office support, and business intelligence, we free you up to devote time to a project that will pay dividends in the long run. Contact us today and see how we can help you build your business.