Benefits of training

The 2009 Hay Group report, Fight or Flight, found that 53 per cent of employers will use the recession to weed out underperformers.

If you work in the financial services, you probably know better than most how unstable the job situation has been this year.

You will appreciate more than anyone how important it is that you are properly trained and qualified to do your job to a high standard and perform at your best.

Continuing professional development (CPD) is a combination of approaches that can help you continue to learn and develop your skills and knowledge to benefit your professional career.

Many people approach CPD as something that they will continue to do throughout their working life because it brings many benefits to an individual including:

• added confidence in their abilities
• improved knowledge and skills
• credibility
• higher productivity in their role
• increased motivation to achieve

Employers value individuals who are knowledgeable, skilled, credible, productive and motivated. In a survey of Institute of Directors (IOD) members in 2009, the principle benefits of training staff were identified as:

• improved staff morale
• improved productivity and/or profitability
• improved customer satisfaction
• improved staff retention

37 per cent of employers believed that investing in training resulted in an improved market share, while 21 per cent said that it improved staff recruitment.

Investing in your training and development could help you remain a valuable asset to your organisation and ensure you are prepared for whatever career challenges you may face now and in the future.

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