What is Corporate Training? Everything You Need to Know

Sharpening skills is always helpful. When an employee hones or perfects what he/she is good at, then they are ready for any challenge that comes their way. Corporate training is a means by which you can help employees increase their knowledge and improve their job skills to perform effectively at work and the workplace. It can also include training in behavioral skills, aptitude, communication and diversity.

Why Corporate Training?

Corporate training helps break the mold that forms around an employee. It helps employees explore work outside their comfort zone. Be it where you must learn some interpersonal skills also as a programmer or learn programming as a documentation expert, there is always some new learning happening at the workplace. Let us now look at some of the benefits of corporate training now:

1. Improved Performance

Employee performance also improves with corporate training. Employees have greater confidence in themselves and can perform their work more effectively. Employees can reach their goals and align their perspectives with those of the company with the right training and support.

2. Increased Motivation

By providing external feedback or recognition, you can motivate people, especially trainees, to perform their tasks on time, and maybe even train others when they are experts at the job in the future. Building a mentorship culture helps not only create great mentors from new people but also ensures that learning at the workplace becomes a more involving activity.

3. Improved Decision-making

The decision-making is improved, especially for managers who receive good training, which in turn leads to crucial decisions in the nick of time, preventing any negative outcomes at work and increasing the possibility of alternate solutions. Better decisions also mean better

4. Improved Cost-efficiency

When employees undergo training, they know exactly what to do. As more and more people work more efficiently and effectively, using very little additional resources, cost-efficiency also improves, and recent hiring decisions can be justified by the HR team. It also helps eliminate the risk of inaccuracies at work, which can be bad for the company’s reputation.

5. Reduced Layoffs

The need for layoffs is reduced when you encourage your people to upskill frequently or provide them with the right kind of training without having them find their own way to learn a new skill. This is because you can fill expanded and more senior roles with present employees rather than hiring new ones and having to train them again, if needed, in the company’s internal processes.

What are the Types of Corporate Training?

1. Leadership Training

Training the leaders of tomorrow will involve training in many skills such as communication, problem-solving, strategic planning, and team management. To ensure that employees imbibe these skills, it is necessary to train them in emotional intelligence first before anything else.

2. Compliance Training

Training on compliance, both external as well as internal, is crucial to ensure a great work environment and organizational performance, where people do not feel constrained or pressurized, voice their concerns freely, and always feel like their expectations from the company are met. Training on compliance will also ensure that government penalties are avoided.

3. Sales Training

Categorized into four types – inside sales, field sales, service sales and sales management. Sales training must happen for all these different types, each kind of training being given depending on the nature of the sales made and the experience level of the employee.

4. Time Management

Time management is crucial to ensuring that the employees meet tight deadlines well before time without any errors. Time management also helps beat stress which is inevitable if the task is not split into smaller parts and carried out one by one.

5. Orientation

Before the employee is onboarded, it is necessary that he/she is shown how to manage a typical workday without being stressed and while completing all the tasks on time too. It is also important that they be familiarized with the rules and regulations in the company, so that they may be followed diligently.

6. Technical Training

This is another very important type of training, where technical information is provided to the employee, be it IT or non-IT. The training provided focuses on solving real-world problems, keeping in mind the issues faced by the client.

Why Do You Need a Corporate Training Partner?

A corporate training partner will help you manage corporate training by assisting you in the following ways:

1. Advanced Technology

The use of advanced technology for the purpose of training is a good reason why you must opt for a training partner. If there is a learning management system or a knowledge base created by the training partner, then it will help the employees grasp the concepts much faster and create an easy way to recall concepts and track their progress.

2. Aligning Training with Partner Needs

They will not only have a better way of managing participants, but also be able to assign the right mentors specific to their needs by analyzing their requirements and preparing a strategy to train them better. The development, delivery and management of training solutions is very important for any organization’s success, and this is where a corporate training partner truly shines.

3. Easily Scale as per Demand

Technology is growing every day, but not at the same rate. Sometimes there will be a need for more training and sometimes less. This is true for different batches of employees when it comes to soft skills training as well. Sometimes, a batch could be great at language, interpersonal communication and negotiation but not so great at other times. So clearly business will have fluctuating needs when it comes to corporate training. Therefore, one needs to easily scale as per demand, and training partners can help save costs by doing so.

4. Learn and Implement New Ways of Working

HR is also expanding, learning from humans as humans become more intelligent. As training partners are also HR consulting companies who manage other aspects of HR, it is quite likely that they will be looking at new approaches to the familiar old problem of training at the workplace. And with the rise of new ways of working, new ways of training and managing training have also come into being.

How to Find a Corporate Training Partner?

When looking for a corporate training partner, here are a few things to remember.

1. Expertise: What methods do they use and how good are they when it comes to your industry?
2. Technology: What tech do they use and how dependent are they on it?
3. Reputation: What is their online reputation like and who is their competition?
4. Customization Options: What personalization do they provide to adapt the training for each employee?
5. Trainer Quality: How much do trainers know and practice in the domain?

Conclusion

Corporate training can be demystified with the right training partner. The right corporate training partner can help you navigate both mentor and employee concerns more effectively. A corporate training partner can help you save on the costs of training by having a concrete plan and method of training in place. Alp Consulting, with over 25 years of HR experience, can help you with your training needs. Talk to us today!

FAQs

1. What are the main features of corporate training?

Corporate training includes different types of training, each handled by a mentor with expertise in it and deep industry knowledge too. Corporate training helps in building a good workplace culture and training employees adequately in it. It should be aligned with the business goals and the content developed must be of high quality and in the right context.

2. What are the common challenges in corporate training?

Common challenges in corporate training include lack of budget for the training tools or for the mentor, lack of an idea on how to plan for the training, and an unclear understanding of how beneficial the training would be to the employees and for the business.

3. Why is corporate training important for employees?

Corporate training is important for employees as it helps build a better workplace culture, increases the possibility of getting hired for better roles within the company, and creates an impressive resume and furthers career prospects.