Training – Risk vs. Reward
Hiring new employees is complex, as every employer knows. It is very uncommon to hire a candidate with the perfect combination of skill, know-how, mind-set, and education. In many cases, employers need to improvise or provide additional training to help incorporate new workers into the field. In other cases, employees wind up being indignant of lacking critical elements of employment. The fine line between providing training at a sensible rate and boosting the confidence of the employee can be tough to discern, but in the end it's a meaningful investment.
Avoiding the Fear Quotient
Many companies avoid sending new hires for additional training for fear that the budding employees will take off with the training or won't pan out effectually as workers. This fear is often unsubstantiated, as many new employees often feel that they are "worth it" when exposed to training and doses of the owner's trust. Having the resolve to grant improvement to employees shows a lot of character and more employers would benefit from the higher morale associated with such attitudes.
Naturally, many employers are concerned about the cost of improving their workers. In the long run, though, one must ask which cost will be unremitting. While some training can be pricey, a lack of training and consistency among staff members can be most expensive. It is a matter of prioritizing expenses and thinking long-term.
Defining the Objective
In the end, it is up to the owner to define the objective here. If a lasting investment seems agreeable, it will likely be useful to take on the considered risk of training new employees. In the long run, most of these situations wind up paying substantial dividends for employers and for the company's bottom line. More skilled workers improve profit margins.
Some employers will likely yield to fear and doubt, however, and may lose workers to better businesses with more faith in their employees. Businesses that think long-term are the most successful in the market and turn the most significant profit. By thinking long-term with employees, employers can foster durable relationships that will benefit all parties involved.
Have a question for Louis? Ask or leave a comment below!