The Government of India has allocated around Rs 17,000 crore (US$ 2.55 billion) towards skilling, employment generation.
Learning is a continuous process and there is no age limit for a person, who wants to learn. The ever evolving world with its new technology, discoveries and inventions, has made the human brain expand its activity to make space for new things and learn more about the world around.
The total amount of Foreign Direct Investments (FDI) inflow into the education sector in India stood at US$ 1.42 billion from April 2000 to March 2017, according to data released by Department of Industrial Policy and Promotion (DIPP).
The Government of India has allocated around Rs 17,000 crore (US$ 2.55 billion) towards skilling, employment generation, and providing livelihood to millions of youth, in order to boost the Skill India Mission.
There is more than one benefit, which a business can get just by offering corporate training to their employees.
Here are some of the crucial points, to back that the importance of corporate training for a business:
Meet the Industry Changes:
Technology keeps changing within fraction of seconds, and to keep up with the latest trends, it is not easy to change the machinery or other equipments or software every six months. This is why if the employees are made industry ready with a short period of training in regular intervals, then they will figure out the nifty gritty changes and will adapt with the trends on their own.
If the staff’s skills and knowledge is up-to-date, one can turn a blind eye to the changing the scenario because the staffs will take care of it in their own way.
Stay Ahead of Competitors:
A company’s standing skills can kill the business.
Keep an eye on the competitors’ progress and if you want to stay a step ahead of your competitor then make your staff take the pain on their shoulder.
If the staff is well equipped and well aware of the technological or corporal changes, which the experts have figured out, then they will be able to tackle with any problem that comes their way.
For any business the staff is the backbone and to keep the backbone strong, feed it with the latest vitamins and minerals and required calcium through the corporate training.
Increase in Job Satisfaction:
Only you know how much effort, money, energy and time has been poured in making the business, which is why you treat it like your baby.
Your staffs purely work for the money, you pay them. It would not bother them much if it falls tomorrow, because they can move to other company if it pays them well.
It is your duty to make them fall in love with their work, buy giving them job satisfaction. If they see you investing, in giving them proper training, then this will give a sense of satisfaction as well as gratitude towards the company and it will form an emotional bond, which will show its result in due course.
It is a universal standard, which states that you do not get anything unless you pay for it.
Build Better Reputation in Market:
There are freshly baked talents, straight out of institutions’ ovens, and all they care about is a company, which can recognize their skills and help them grow. If you provide corporal training to your employees, this news can never be brushed under the carpet, the market is well aware of the developments.
Such talents will look forward to work with a company which values their talent. If your company is filled with talented employee, it will make a very good impression and build a reputation in the market, to which small companies look up to as well as the bigger companies will look forward to collaborate with your brand.