While onboarding and training are related, they are two distinct processes. Onboarding focuses on introducing new hires to the company culture, values, policies, and specific job responsibilities. The goal of onboarding is to help the new employee feel welcome, comfortable, and engaged in their new role. Conversely, training provides employees with the skills and knowledge needed to perform their duties effectively. This may include technical, product, sales, customer service, or any other training relevant to the employee’s role.
Companies should invest in employee training for several reasons:
When deciding on training and development for an employee, it is best to conduct a needs assessment. A needs assessment identifies and analyzes the gap between an employee’s performance and the expected performance standards. It helps companies determine what training or development programs their employees need to bridge the gap and enhance performance. A needs assessment can be conducted through various methods, such as surveys, focus groups, and one-on-one interviews with employees and managers.
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Overall, investing in employee training is a wise business decision that can positively impact the company’s bottom line and overall success.
A company could offer employees various training and development programs; examples include:
Research suggests that companies with effective training and development programs tend to have higher employee retention rates. According to a study by the Association for Talent Development, companies that invest in employee training and development have a 34% higher retention rate than companies that don’t. Employees feel more engaged, motivated, and satisfied with their jobs when they receive training and development opportunities.
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In summary, onboarding is more about introducing employees to the company culture and their job responsibilities. While training is focused on developing specific skills and knowledge needed to perform the job effectively. Having effective and thorough onboarding and training opportunities will lead to better employee satisfaction and, thus, retention.