As a business owner, you want your employees to improve their skills and grow in their careers. This process is called Learning and Development (L&D) in HRM. For this task, you usually rely on your HR team.
Do you want to achieve better business performance and higher profits? A recent study shows that by training your employees you can earn a 218% higher income per employee. Also, you can earn a 24% higher profit margin. This happens because trained employees always perform better and make fewer errors.
To implement your L&D initiatives, you can rely on your HR team. It is known as learning and development in human resource management (HRM). In this article, let’s gain more clarity and understand what learning and development HRM is, its purpose, and different types.
What is Learning and Development in HRM?
Learning and Development (L&D) is a process where employees learn new skills and improve their existing abilities to increase productivity. Normally, your HR team is responsible for organising such training programs. Let’s see why learning and development HRM matter:
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What is the Purpose of Training & Development HRM?
When you let your employees learn new skills, they feel more valued. A recent study showed that 76% of employees are more likely to stay with a company that provides ongoing learning and development opportunities.
Also, trained employees work better and contribute more to business success. Below are five key reasons why you should promote learning and development HRM:
1. Builds a Leadership Pipeline
Your company needs strong leaders to grow and succeed. Learning and development HRM programs identify and train employees who have leadership potential. Through leadership training, employees learn several important skills like:
- Decision-making
- Team management
- Problem-solving.
This prepares them for higher positions in the company and ensures you have capable leaders for the future.
2. More Confident Employees at the Workplace
Employees who receive training feel more confident and capable of performing their tasks. Learning and development HRM encourage employees to:
- Take initiative
- Be more independent
- Solve problems creatively
Also, HR training and development, motivates the workforce. Such a group is more likely to meet company goals. A recent study showed that 43% of companies which trained their employees saw increased revenue.
3. Enhances Workplace Engagement
Employees who feel stagnant or unchallenged at work may become disengaged. Usually, this leads to low productivity. Learning and development HRM keep employees engaged by continuously providing learning opportunities.
Due to engagement, employees remain emotionally invested in their work and take pride in what they do. Please note that an engaged workforce leads to:
- Higher job satisfaction
- Better performance
- Stronger teamwork
What are the Different Types of Learning and Development in HR?
To implement learning and development HRM, your HR team can organise different types of training. This choice entirely depends on your industry and business needs. Below are five key types of training that can benefit your employees:
1. Technical Training
This training helps employees learn how to use specific tools, software, or equipment required for their job. For example,
- In retail, employees may need training on how to use CRM (Customer Relationship Management) software to manage customer data.
- In restaurants, staff may need training on order management systems.
This training can be done by experienced employees or external trainers.
2. Quality Training
Quality training teaches employees how to maintain high standards in products and services. It includes learning about ISO standards and other quality control measures. In this training, employees are trained to detect and prevent defects.
This ensures customers receive high-quality products or services. Such a training also helps businesses save costs by reducing waste and errors.
3. Skills Training
Skills training focuses on developing job-specific abilities. Through these abilities, employees can perform their tasks with more productivity.
For example,
- Factory workers may be trained on how to operate machinery, while salespeople may receive training on how to sell products with more persuasion.
This type of learning and development HRM training is usually conducted within the company using experienced trainers.
4. Soft Skills Training
Soft skills training focuses on improving employees:
- Communication
- Teamwork
- Leadership
- Professional behaviour
Through this training, employees learn how to better interact with colleagues, customers, and management. It also includes ethics training, which encourages employees to maintain integrity and professionalism at work. Please note that strong soft skills lead to:
- Better workplace relationships
- Increased customer satisfaction
- A more positive work environment.
5. Safety Training
Safety training teaches employees how to stay safe at work and prevent accidents. It is particularly important in industries like construction and manufacturing, where there is a risk of safety. Generally, this type of learning and development HRM training includes:
- Fire drills
- First aid training
- Handling hazardous materials
- Workplace safety guidelines
By educating employees about safety, you can reduce workplace injuries and avoid legal issues. Be aware that a safe work environment always boosts employee confidence and productivity.
Train Your Employees, Increase Your Revenue
By organising L&D trainings, you can build a skilled and confident workforce. When employees receive regular training, they usually perform better and make fewer mistakes. Some popular learning and development HRM trainings you can organise are:
- Technical training
- Quality training
- Soft skills training
- Safety training
Also, a strong L&D strategy helps you develop future leaders and improve the morale of existing employees. Are you looking to achieve business growth? Partner with Atidiv and scale smarter. Our solutions have let businesses save more than USD 50 million. Connect with us today!
FAQs On Learning And Development HRM
1. Why should I invest in Learning and Development HRM for my employees?
By investing in L&D, you can improve the performance of your employees. Trained workforce usually makes fewer mistakes, which increases the overall business efficiency. Studies show that companies with strong training programs achieve higher productivity and profitability.
2. How can L&D reduce employee turnover in my company?
Employees stay longer when they feel valued and see growth opportunities. A strong learning and development HRM program helps them to:
- Enhance their skills
- Qualify for promotions
- Feel engaged at work
This significantly reduces employee turnover. As a result, you save your time and money on recruiting and training new hires.
3. What is the best way to measure the impact of L&D programs?
To measure the effectiveness of learning and development in human resource management, you can make thorough performance evaluations of your employees. Also, you can track key indicators like:
- Reduced errors
- Higher engagement levels
- Less employee turnover
4. How do I choose the right type of training for my employees?
To make a smart choice, you should assess your business needs and employee skill gaps. Be aware that technical training is ideal for software or equipment use, whereas soft skills training improves communication. Similarly, leadership training prepares future managers.
You can also use a mix of training programs to ensure your employees are well-equipped to meet various business demands.
