In any business, the need for a robust company-wide training strategy is an integral part of improving the knowledge and skills of all employees.
In the knowledge economy, the skills and experience of our employees are central to our organizational success. Focused training programmes are key to employees’ development. By developing a training process that is targeted at meeting the needs of both the individual and of the business, we ensure that standards are maintained and targeted growth is achieved.
Establishing a clear vision of where your company wants to be is a pre-requisite step in order to then identify the training needs and implement a strategy to meet those needs and achieve those longer-term goals. Well thought-out training programmes will ensure that individual skills are continually improved in areas that align with the company’s strategy. Investment in training increases the employee’s value and productivity and will also be a major contributor to employee motivation, career development and professional satisfaction.
Periodic management reviews should include a Training review, where specific KPIs are monitored to ensure that relevant training is identified, being made available to staff, and actions taken when required. Staff who understand the on-the-job behaviours and have the knowledge base to succeed are far more motivated and more likely to remain loyal. This drives greater productivity, efficiency and shorter-ramp-up time for new hires.
Like any educational initiative, training is a long-term investment, and the benefits are sometimes not immediately obvious. Change will seldom occur overnight, so it’s important that you take time to build and develop a robust flexible training process that can be modified to meet the future needs of the company.
In Hovione, a key aspect of our future growth, encapsulated in our “Strategic Plan FY2020 to FY2024” is our continued investment in Project Management. PMI Statistics show that while 98% of organizations believe Project Management is crucial to their business success, not everybody invests in a programme to improve the PM capability of their staff. Not surprisingly, only 34% of low performing organizations make an ongoing investment in PM training. Conversely, 82% of High Performing organizations make that investment.
Hovione has developed a very positive partnership with Aspira training services, who have put a tailored program in place that allows our staff to gain internationally certified training but also uses case studies and examples directly from our experience.
Aspira helps Hovione by bringing international best practice coupled with local insights – it’s a powerful combination.
Author: Donnacha Ryan, Training Co-ordinator, Hovione.