Why companies should invest in employee training
“What if I train them and they leave?”
“What if you don’t and they stay?”
Today, the importance of training is beyond doubt. There is hardly a development company that does not organize trainings for their staff or assist in their self-training. The company’s participation in its personnel training may have different formats – on-site trainings, attendance of public trainings, online courses, self-training. The company can choose the way of supporting and encouraging the desire to learn among its employees – by sponsoring the training fee either fully or partially, inviting experts to prepare and hold onsite training, financing the subscription to online training resources.
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Of course, when the company invests in its personnel training, it, first and foremost, pursues the interests of its business. Such investments bring multiple benefits, and in this post we will look at them in greater detail.
Table of contents
Improved product quality
Trainings give new knowledge and skills. In the software development industry, keeping up with the fast and expansive evolution of the science and technology is especially vital. New tools, platforms, frameworks, methodologies appear literally overnight, and the first to apply them gains a significant competitive advantage.
For example, in the 12 years of its existence, the Magento platform of which we are experts has evolved from version 1.0 to 1.9, then rolled out the major 2.0 update and through many minor versions now announced the latest version 2.3.1. That makes about two dozen versions and countless patches. Each new version always includes new features and improvements that are reflected in the performance of eCommerce websites built on the Magento platform.
Thus, for the development companies working in the eCommerce sector, it is critical that their developers have the knowledge of the latest and the most effective versions of the tools they are using in their work. In this respect, one of the lines of effective management is to follow the technology updates and provide timely and high-quality training of the development team. Mastering new tools and methods immediately translates into the skills and abilities needed to build more effective, productive, secure, and competitive applications, both in own software development and remote teams.
Higher team engagement
This by one of the most successful entrepreneurs of today expresses, probably, the main message of the training program that each business should adopt. By organizing effective trainings, the company provides its employees with a strong launch pad to continue their careers. At the same time, the learning opportunities that the company provides will be appreciated by its employees creating greater loyalty and attachment.
Moreover, when the company closely follows the technology progress and encourages learning, the employees see it as an indicator of the company’s innovative attitude and overall success. It is much more pleasant to be a part of an advanced, flexible business than a business that is stuck in outdated procedures.
Cost-savings due to reduced staff turnover
If you build employee trust and loyalty through providing a comfortable working environment and organizing learning opportunities, your employees will stay longer with you and be less inclined to look for jobs elsewhere. Replacing a leaving team member is a costly process – show that the cost can be as high as 2 times the annual salary of the employee to be replaced. Naturally, each company aims at reducing the turnover rate as much as possible, and effective trainings can help in this respect.
Here, we should point out that good, high-quality trainings have their cost. If the company takes over such costs, this is an indicator of its appreciation of people’s skills and abilities. In addition, such steps show the employee that the company expects long-term working relationship with them, and this makes the employee feel more secure and confident.
Excellent industry standards
Quality training is also a matter of prestige. Most training organizers issue certificates or other documents that can sometimes become the deciding factor in choosing the development partner. Having certified developers on board raises the value of the whole company showing that they know what they are doing.
For example, at Magento trainings by developers are going to learn the best practices of the eCommerce industry as well as the most advanced tools and methods of building effective online stores. Having such a training in the company portfolio will add to the company’s value during project negotiations.
Higher competitiveness
Everything we have talked about so far results in improving the company’s position on the market. Today, the competition is truly insane, and the eCommerce software development industry is no exception. High-quality trainings can provide that final piece of the puzzle that makes the company stand out.
With proper training, your team members are getting the up-to-date industry knowledge and practical skills, the motivation to contribute their effort to the company’s business, loyalty towards the company and the proven experience of some of the state-of-the-art technologies. All that builds a solid foundation on which your company can negotiate its business and win clients.
If you are looking for Magento trainings, we recommend that you browse Pronko Consulting and subscribe to our blog to be the first to know about upcoming trainings. We hold trainings in multiple format – online, offline, self-training resources – and you are sure to find the one that suits you best.
The will be hosted on August 29-30, in London. Hurry up to !
Besides, you can find the latest training information in the of Max Pronko, our CEO and lead Magento developer. Max is usually the one to prepare and hold trainings, so his blog and are the right resources to follow if you want to learn Magento development and keep pace with the latest news from the eCommerce industry.
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