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May 15, 2023

Why is Quality Corporate Training an Essential Component for IT Businesses?

“Learning is Experience. Everything else is just Information.”, a famous saying. But what happens when you leverage that information and arm it with learning and experience? Continuous upskilling is a brilliant example of this deadly combination. In an ever-changing IT technology space, upskilling is inevitable to perform better and stay competent, and it brings together experience with new skills. At the end, corporate training is a strategy by which businesses stand to reduce costs and build an agile workforce which is ready to grab new opportunities.  

A recent LinkedIn study says that 92% of employees surveyed said they would be more likely to stay with a company that offers them opportunities to learn and grow. Also, an IDC report says the trained and certified teams responsible for core IT activities are almost 20% more productive than less proficient staff. 

A study by the Aberdeen Group found that companies with a strong focus on employee training had a 12% higher customer satisfaction rate than those with a weak focus. 

In our experience, the average cost of replacing an employee is 1.5-2 times their annual salary. Also, research reports agree that companies with a strong focus on employee development are 21% more likely to be profitable. 

The fast-changing IT workspace has created abundant opportunities to learn and explore. IT employees earn certifications in AI/ML, Cloud, DevOps, IoT, and Data Analytics to stay relevant in the workplace.  

Organizations are investing mainly in employee training to keep their project ready by opting for Capability Development Framework (CDF) to assess the skill gaps of their employees. 

Frameworks like CDF helps assess the skill gaps of the employees and fine tune the upskilling programs that aligns with the actual requirements of the team. It further helps to prepare a workforce that is project ready and billable. 

Here are salient benefits of embracing quality corporate training: 

• Increased productivity: When employees are trained on the latest technologies and best practices, they can be more productive in their work. This can lead to a significant increase in output, as well as a reduction in errors. 
• Improved customer service: IT businesses that provide quality training to their employees are able to provide better customer service. This is because employees are better equipped to handle customer queries and solve problems. 
• Reduced costs: Quality corporate training can help to reduce costs in a number of ways. For example, it can help to reduce the need for hiring new employees, as well as the cost of troubleshooting and resolving problems. 
• Enhanced employee satisfaction: Employees who are given the opportunity to learn and grow are more likely to be satisfied with their jobs. This can lead to a number of benefits, including reduced turnover, increased morale, and improved productivity. 

• Improved compliance: IT businesses that are subject to regulations, such as those governing data security, need to ensure that their employees are aware of their responsibilities. Quality corporate training can help to ensure that employees are compliant with all relevant regulations. 

To get more insights about the benefits of opting for IT corporate trainings you can read this Express Computer Article by Bhavesh Goswami, Founder & CEO, CloudThat, which elucidates in a simple listicle of 7 Reasons “Why IT Businesses Need to Prioritise Corporate Training?”