You may think that business training is only for new employees at big corporations. But that is where you’re wrong. Training in business administration is advantageous not only to new hires and aspiring entrepreneurs, but also to seasoned professionals and business leaders. Depending on your company needs, training offerings range from specific, niche areas to a broad, general view of business. See 3 ways your company and employees can benefit from business training.
Establishes habits of lifelong learning
The world of business is ever-changing, meaning that the things you learned 5 years ago may not be totally relevant now. By establishing continuous learning requirements, employees will cultivate good study and critical-thinking habits.
This daily routine of learning (could be weekly, or even monthly), is crucial. Some people may be resistant to change at first, and this is completely normal. However, once a routine is set and reinforced, employees will be more willing to learn new skills and maybe even be excited about learning!
Business training will decrease skills gaps and update the current skills of employees, increasing both worker productivity and company growth.
Engages employees with company values
When employees are confused about their company’s values, vision, and mission, it is often quite obvious. Marketing messages are conflicting or unclear. Managers need to wait and hear from higher ups before making decisions or solving problems.
But what if every employee received the same information? Business training can help eliminate common questions and problems through consistent and clear information-sharing. Depending on which training option you pick, you can customize the type of education your employees are receiving.
In broader business training, workers will be able to learn about all areas of business. They’ll better understand the challenges their co-workers are facing and they might have insights on how to do things better.
Emphasizes the importance of the employee
When a company invests in their employees, employees “invest” in their company. An employee will be more loyal to a company that they feel values them. This leads to higher satisfaction (happier employees!) It also means higher worker retention for the company.
Business training also presents the opportunity for an employee’s career development. Maybe they can gain promotions through demonstrated learning and achievements in the training exercises. Or maybe they’ll qualify for roles in special projects.
Whatever the options are, business training is a way to advance the careers of employees within the company. You’ll develop the best workers possible, and even great leaders! And your employees will appreciate that they had the opportunity to develop themselves.
MyLeanMBA offers an affordable & flexible program called The Lean MBA™. At just 299€ total, this 1-year, 100% online program provides business administration training in 12 functional areas of business.