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10 benefits of employee training and development

The benefits of petrochemical training. Nexant Training not only provides its benefits of global Petrochemical training to the individual, but also to the business, we have been helping companies to continue running effectively for the last thirty years. However, once initial training, such as with new employees has been run, is there a need for any further training investment?

We know that training, and especially ongoing training, is a key area for debate in many chemical company boardrooms. However, there are a number of reasons to suggest that initial training should only be the first step of a longer-term process. Regular training is well worth the investment because building up the skills within the business will effectively improve a company’s bottom line.

A business should never stand still and so nor should the development of it’s staff, who are the key asset in driving the business forward. Regular staff training is essential in helping this ongoing skill development. This can often be a worry to business managers though, due to its ongoing cost to the business. However, if you look past this, there are a number of important reasons why ongoing staff training can be beneficial to the business and should therefore be made a priority. With a quality training plan in place, chemical companies will also see their return on investment within the balance sheets!

Take a look below at 10 benefits of petrochemical training and ongoing staff development:

1. Keep up with chemical industry changes

The Petrochemical industry is constantly changing and so it is important for a businesses to develop to avoid being left behind. It’s also important to make sure your business is complying with any chemical industry regulations, which can be achieved through ongoing training, making sure your staff’s skills and knowledge are up-to-date.

2. Be in touch with all the latest technology developments

New technology is being developed all the time in the chemical industry and so it is not sufficient to run a one-off training session. Regular training needs to take place to ensure that staff are using all the latest technology comfortably and to its full potential.

3. Stay ahead of competitors

Standing still can kill your business, so by making sure your staff are constantly advancing, you will continue to move forward are remain competitive within the marketplace.

4. Be able to see weaknesses and skill gaps

With regular training, a chemical company can more easily identify any gaps in the market and skill gaps within the existing workforce. By identifying these gaps early, there is time to train staff in these required areas so they can fulfil the role effectively.

5. Maintain knowledge and skill

Although one off training may be provided to new starters, or other employees, it’s important that training schemes are put in place to help develop skills throughout their job. To retain knowledge, skills need to be practiced and refreshed on a regular basis so elements aren’t forgotten.

6. Advance employee skills

Once a chemical company has spent money on providing basic level skills, these can easily be built upon and improved to provide much more benefit to the business. Staff that know more can bring more to the table, and the business will reap the rewards.

7. Provide an incentive to learn

If training is provided as part of a longer development pathway, employees will have much more incentive to learn, participate in the session and put their new skills into practice.

8. Increase job satisfaction levels

Through continued investment from the business, staff can have a much higher sense of job satisfaction, which can improve their motivation towards their work. This reduces employee turnover and increases productivity, which directly improves the profitability. It also prevents competitors from taking away the best employees by offering training incentives.

9. Provide internal promotion opportunities

Employing new staff involves high recruitment costs and hiring fees. However, with ongoing training, existing staff can become more eligible for internal promotions. Unlike new staff, it’s a guarantee they have a complete knowledge of the business, the correct skill set and are people that are known and trusted.

10. Attract the best chemical industry professionals

All businesses want to have the best employees and so with ongoing training, this will not only mean better staff retention, but the business may also attract better talent from the start, as this gives the business a good image and is a key feature many people look for within their job search.

As you can see, ongoing training is important not just to employee development, but it also affects the success of your business.

Why not take a look at our Public and In-House training services. Please do contact us if you have any questions or ideas at all.

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