Benefits of training your staff

There are a number of benefits to employers through offering training programmes to their employees

• Improving retention – employees appreciate that your business supports their career pathway and can assist them along it
• Upskilling your staff and recognising those new skills can improve workplace quality, productivity and increase your bottom-line
• Reduced staff turnover*
• Increased motivation and morale in your workplace
• Improved health and safety standards to the workplace
• Your staff enjoy greater job security because of the extra skills they can provide to their employer
• Training will add value to your business – a recent study undertaken by Seafood ITO found that cost:benefit ratios range from 1:5 to 1:42.  This range reflects particular situations for individual businesses from a very targeted programme to reduce downgraded product to more generic training to improve output and reduce waste

* Source: Statistics New Zealand and Department of Labour report: Does Workplace-based Industry Training Improve Earnings 2009. This research found that the percentage of trainees completing a qualification who were still with the same employer 12 months after completion was seven percent higher than non-participants. The percentage employed in the same industry was eight percent higher.