0

IAN FERGUSON: Training investment vital to all businesses

Would it not be great if every employee hired possessed all the professional skills needed to work in a company? No longer would we need to place so much emphasis on training new workers on the basics of teamwork, productivity, communication and customer service.

Employers and human resources managers dream of hiring the most qualified applicant for every position. Our current reality, given the challenges in the educational system, are new employees who are woefully unprepared and walk through the door feeling entitled.

When this dire situation is compounded by employers who do not see their role as providing professional development for team members, we continue to breed an incompetent and unproductive workforce. The truth is that talent development and employee nurturing requires significant investment, and many small and medium-sized enterprises simply do not have the economies of scale to afford full time training. Meanwhile, larger companies opt to roll the dice on service quality, rather than spend the necessary time, money and energy needed to equip employees, and terminate as the need arises.

The failure to engage the Bahamian workforce with learning opportunities further exacerbates our problems with productivity, efficiency, service excellence, professionalism and ignorance. The attitude must never be that ‘we train our staff when budget allows’, or ‘we train our staff if they want or ask for it’, or ‘we train our staff when trouble hits and we need to dig our way out of a hole’. Ongoing development of every employee must become the culture of every company despite its size, industry or net worth.

Think about the company you currently work for. The industry standard in the developed world calls for not less than 40 hours of formal and informal training of staff if the company is going to compete locally and globally. Current trends seem to suggest than fewer than 10 per cent of Bahamian firms, including companies with vast resources, meet this minimum quota. Forty hours per year may seem large to some, but here are the examples of formal and informal training that might help the corporate world realise how doable this actually is:

  • Formal training can include: Soft skills workshops conducted by champions in the company or outsiders; technical and software training; college classes; industry certifications and many more forms.

Informal training can include: On-the-job coaching, cross training, mentoring, peer-to-peer exchange, job shadowing and other formats.

Something as basic as pairing new employees with seasoned professionals for a period of six months, in structured and deliberate coaching and mentoring sessions, can make the difference between success and failure in the workplace.

Trained employees are more engaged, loyal and better equipped to meet the challenges of a dynamic company. What every employer must know is that the benefits of company-funded professional development are tremendous, and any failure to do so results in slow but certain corporate death.

• NB: Ian R. Ferguson is a talent management and organisational development consultant, having completed graduate studies with regional and international universities. He has served organsations, both locally and globally, providing relevant solutions to their business growth and development issues. He may be contacted at tcconsultants@coralwave.com.

Comments

John 7 years, 3 months ago

Yes it would be so nice if all companies made the necessary expenditures and invested in their employees making sure they are fully equipped for their jobs. Unfortunately this is just an illusion, fantasy a pie in the sky illusion. First of all many persons entering the workforce, after 12 years of schooling are barely literate and their math and other skills are as equally lacking. Not all are unteachable or not trainable, but it will take time and effort and other resources on the part of the employer. Then what happens as soon as the employee realizes he/she is more qualified and more employable they begin to mare additional (financial) demands on their employer. Or they quit their job for another higher paying job without any consideration to the amount of investment their current employer has made in them. Then there are the workers who branch off and start their own companies as soon as they learn certain skills or learn some training. So the smaller companies are more reluctant to give staff extensive training. And many employees regard formal training and education as expensive but do not show loyalty to companies that provide it for them.

0

Sign in to comment