Employee training plan: Building a world-class team

27 Jun 2022 | Accounting

About the author

Hooshang Bakht

Brego Business was started with a mission to make entrepreneurship easy. Our goal is to help business owners grow and scale without having to deal with the day-to-day stress of running a business. We specialize in providing services that help business owners grow their businesses, including search engine marketing (SEM), social media marketing (SMM), LinkedIn marketing, video production, accounts receivable (AR), accounts payable (AP), internal audit, VCFO, and recruitment. We have helped more than 500 brands grow their businesses. We work closely with the clients to understand their unique needs and develop customized strategies that deliver measurable results.

Read More
employee training plan

What It Takes To Build A World-Class Employee Training Program

CFO: “What happens if we train them and they leave”?

CEO: “What happens if we don’t and they stay”?

It may sound cliche, but similar discussions have taken place around many boardroom tables throughout the years – and, unfortunately, continue to do so even now.

If you want to build a world-class business, you’ll need a world-class training plan that can produce future leaders. The war for talent is on and it’s pretty challenging to find qualified and well-trained employees who want to jump on board especially if you are a startup. There is only one solution to address this concern- Creating a world-class training plan for your employee that aims to facilitate internal growth and help you scale your business.

Why is creating a world-class employee training program essential? 

In a world where consumer expectations, markets, and technology are always changing, it is a no-brainer that a solid employee training plan is important to prevent internal skills degradation and knowledge drain.Having a robust world-class training plan in place is essential for employee development programs. It supports employees in learning new skills for their current job while also preparing them for future responsibilities within your company. It also helps to maintain employee retention- a problem faced by many companies.

Discover top talent and drive your business forward with us.

Discover top talent and drive your business forward with us.

Recruitment:Find the right fit for your team with our personalized recruitment solutions

Get Started!

Steps involved in creating a world-class training plan for your employee

A well-crafted and executed training plan for employees is essential for businesses across the product spectrum to prepare for the future. The purpose of a training plan for employees could be anything from updating an employee’s knowledge and skill sets to assisting them in adopting new technology or exploring new markets. However, a poorly planned or performed employee training program can sabotage these efforts and cause a company to fall behind, losing millions in revenue.

 

That is why it is crucial for organizations to engage in continuous employee development through a comprehensive training plan for employees. By investing in the ongoing education and development of their staff, businesses can stay ahead of the curve and ensure that their employees are equipped with the latest tools and techniques to perform at their best. This not only benefits the company’s bottom line, but it also helps to keep employees engaged and motivated, leading to higher job satisfaction and retention rates.

 

Moreover, the cost of replacing an employee can be staggering, ranging from six to nine months’ salary, plus the cost of advertising and scouting for new personnel. Thus, it makes sense for businesses to invest in a robust training plan for employees to avoid this costly turnover.In summary, a well-executed and comprehensive training plan for employees is critical for businesses to stay competitive and prepare for the future. By investing in continuous employee development, organizations can ensure that their employees are equipped with the necessary skills and knowledge to perform at their best. This not only benefits the company’s bottom line but also helps to retain employees, reducing the costly turnover.

With these proven and the most effective steps, you can create an efficient training strategy that is sure to benefit both your employees and your company in the long run.

1. Defining learner’s personas

The first critical stage while developing a world-class training plan is to take some time to outline the elements that will serve as the foundation stone for your employee training plan. A few of the things you need to clearly define here are- learner personas, goals, and success measures even before getting into the nitty-gritty of your training content creation.

Also Read : How To Maximize Engagement With A Hybrid Workforce

 

To begin with, you need to start defining your employees into categories based on their skill sets/ departments. In the next step, understanding what training they need and what they don’t is crucial. Once these two pointers are decided, you need to have a perfect training calendar to ensure that all the topics you intend to cover through your training are comprehensively taken care of.

2. Identifying your business goals and aligning them with your training plan

Once you’ve defined your learner personas, the second stage of creating a training plan for employees is to focus on identifying your larger business goals. The fulfillment of strategic business goals is inextricably linked to the people who work for any organization. Increased sales, improved brand reputation, efficient manufacturing, and competitive advantage are all dependent on their knowledge, abilities, and willingness to learn through a well-crafted training plan for employees.

 

This is why it’s essential to have a more focused approach to training with a clear alignment to the company vision and creating depth within the department. By doing this, employees can see the strategic vision and mission operationalized by cascading them down to training and development goals in the training plan for employees. As a result, these goals become real, substantial, and relevant in relation to their own occupations and responsibilities, leading to increased engagement and motivation.

In summary, creating a training plan for employees that is aligned with the larger business goals is critical for the success of any organization. By focusing on a more focused and aligned approach to training, employees can see the relevance of their development goals to the company’s vision and mission, leading to increased engagement, motivation, and ultimately, business success.

3. Creating a training plan outline

It’s time to curate a solid content and organizational structure of your training plan after you are done defining your learner personas, goals, and success response.

Begin your outline by focusing on the subjects you wish to address in your training plan. Ask yourself, “What information will add value to employees?”. What exactly do they need to know to realize the training objectives and goals?

If you’re looking at establishing a training plan on how to deal with difficult clients, your employee will need to know where customer dissatisfaction comes from and how to reduce it.

4.Optimizing Participation

In order to ensure the success of your employee training plan, it is important to keep your employees interested and engaged in the information being presented. The training plan should act as a catalyst that fosters employee participation, making them feel included and supported by the trainer. To achieve this, it is crucial to mix up your media and presentation techniques, and to break up content into digestible pieces. Incorporating attractive graphics into long chunks of text, and engaging your audience in casual, conversational speech rather than lecturing, can help avoid confusing or overloading your employees.

 

One of the most important aspects of any effective employee training plan is employee engagement. To keep your employees appropriately involved, it can be helpful to tailor the training to their specific needs and roles. For example, if the training is for salespeople and simulated sales calls are a part of the training, you can focus on setting up a mock setup with real-time situation handling. This approach ensures that the employee is fully engaged and participating, rather than the entire training feeling like a one-sided lecture.

 

By implementing a comprehensive employee training plan that takes into account these key factors, you can foster a culture of continuous learning and improvement in your organization. Your employees will feel supported and motivated, and you will see the results in improved performance and increased productivity. So, if you want to create a successful employee training plan, remember to prioritize employee engagement and participation, mix up your presentation techniques, and tailor the training to meet the unique needs of your team.

5. Measuring Success

It is a proven fact that most of what you learn during a training plan can soon be forgotten if you don’t put it to use in your day-to-day business process. There could be a substantial time delay between receiving training and performing a job. Training must be retained long enough to be applied in a real-life situation if it has to be effective.

Making sure that the training is designed to meet the needs that you and your organization have identified is a crucial element. This can be achieved by having a system in place that ensures that the entire training plan is integrated with your company’s business process. Once implemented successfully, this helps you to assure that participants will have opportunities to apply the knowledge and skills learned during the training sessions effectively in the future.

Final thought

The entire training process can be more challenging in an organization with multiple stakeholders, and red tape slows things down. A clear blueprint of your employee training plan will give you an early advantage and save you time and headaches in the future.

Even while creating a training program consumes a lot of bandwidth, you may think of it as an investment- the more you sow, the more you reap

Click To Know About Our Accounting Services

Ready to grow your business?

Drop in your details and schedule a free consultation with our team!

Get Started!

Looking to Build Your Team?

We can help you build a winning team & drive success.

Get Started!

Book your free consultation

Drop your contact details into the form, and we’ll reach out to you immediately!

Frequently asked questions

What is an Employee Training Plan?

An Employee Training Plan is a systematic approach that organizations take to train and develop their employees, with the aim of improving their knowledge, skills, and abilities.

What are the benefits of a well-designed Employee Training Plan?

A well-designed Employee Training Plan can help organizations to increase employee productivity, reduce turnover rates, boost employee morale, and ensure employees have the necessary skills and knowledge to perform their jobs effectively.

How do I create a world-class training plan for my employees?

Creating a world-class training plan for employees involves identifying the training needs of your employees, setting clear training objectives, selecting appropriate training methods, and evaluating the effectiveness of the training.

What are some examples of world-class corporate training programs?

Some examples of world-class corporate training programs include leadership development programs, customer service training, technical skills training, and on-the-job training.

How can I determine the training needs of my employees?

You can determine the training needs of your employees by conducting a needs assessment, which involves analyzing job descriptions, interviewing employees, and gathering feedback from managers and supervisors.

What are the best training methods for employees?

The best training methods for employees vary depending on the type of training and the needs of your employees. Some effective training methods include classroom training, on-the-job training, e-learning, simulations, and coaching.

How long should an Employee Training Plan last?

The duration of an Employee Training Plan depends on the training needs of your employees and the goals of the organization. Some training programs may last a few hours, while others may span several months.

How do I measure the effectiveness of my Employee Training Plan?

You can measure the effectiveness of your Employee Training Plan by setting clear training objectives, evaluating the training through feedback and assessments, and monitoring employee performance after the training.

How often should I update my Employee Training Plan?

You should update your Employee Training Plan regularly to ensure that it meets the changing needs of your organization and employees. It is recommended to review and update the plan annually or as needed.

What is the cost of implementing an Employee Training Plan?

The cost of implementing an Employee Training Plan depends on the type and duration of the training, the number of employees being trained, and the resources required. However, the benefits of a well-designed Employee Training Plan typically outweigh the costs.