Benefits and Opportunities of Investing in Skills Development for your Workforce
Investing in skills development for new recruits or existing employees in your business can have benefits in all areas and across all levels. We understand that there are always financial and time pressures across the business and that investment in skills and training might not be at the top of the list. We hope that the following information will help you to see the wide-ranging impact that investing time and money in your workforce can have.
Social Value & CSR
- Change a life – give a fresh chance to a young person or a career returner looking to learn
- Build your reputation
- Invest in a workforce of tomorrow
- Invest in your community
- Invest in your staff
Sales and Marketing
- Grow brand by reaching new markets
- Build values & identity
- Increase revenue
- Stand out from competition
- Benefit from new platforms & technology
Current & Future Technical Skills
- Build the skills required to stay ahead of the competition
- Futureproof your workforce
- Assess the skills that future markets are likely to want
- Succession plan
- Consider new markets
Human Resources
- Effective recruitment
- Performance management
- Staff retention
- HR training for relevant staff
- Reduced absenteeism
Customer Service
- Customer loyalty
- Repeat custom
- Customer satisfaction
- Conflict resolution
- Pricing & profit
- Company image
Management & Team Leading
- Motivated workforce
- Quality Improvement Processes
- Strategy & contingency plans
- Career progression to retain your top talent
- Improved performance
Now that you have reviewed some benefits and opportunities of skills investment, head back over the Transform Skills Toolkit home page where we will look at some key questions to consider.
Choose the tile below that best describes your business.
ADDITIONAL RESOURCES