One universal issue every business faces, regardless of the industry is, should you hire ready-made talent or should you work to develop your own talent?
Of course, you may need to hire a specialist with skills and qualifications that you don’t have inhouse but very often our own staff have skills and expertise that is overlooked or, more importantly they have the potential to develop if given the appropriate training and development.
Those employees that you can identify as “trainable talent” often possess three key qualities that is worth investing in:
- Work Ethic
- Cultural Fit
The advantages of developing your talent pool can help both the business and the individual. For example, the business can benefit from:
- you choosing what new skills your workforce gains, targeting skills to meet the needs of your operation for now and in the future.
- better customer service, better work safety practices and productivity improvements.
- your demonstration to your workforce that you value them enough to invest in them, improving loyalty and staff retention. In turn, retention is a saving to you.
For the workforce there are myriad benefits including:-
- they acquire new skills, increasing their contribution to the business and building their self-esteem
- the training they do can take them into other positions within the organisation – positions with better prospects and/or better pay
- they’re upskilled to do new and different tasks, which keeps them motivated and fresh
- because they’re being trained on your time, they see that you value them enough to invest in them. A good company is seen as one that retrains rather than churns.
And the real bonus to your business? The Apprenticeship Levy can help you.