Why don’t companies train their own employees like they used to?

Let me ask you this, when was the last time your company hired a trainer to train the employees? Or you were enrolled in a training program? Most likely, your answer will be “has been long” or worse “never”. Now if these are your answers, then this is a problem. The truth is, many companies these days are a bit reluctant when it comes to training their employees, which in most cases, turns out to be big mistakes, later on. But why is this the case – why are companies no longer interested in training and development programs for their employees? We have listed a few reasons in this article, let’s take a look:

Why the reluctance?

Training is time-consuming – in a survey carried out in Singapore, most companies that are reluctant to training their employees cite time as the main reason why they don’t do it. It’s true though, employee training does take a lot of time, and most employers see it as the time that could otherwise be spent on getting some work done. So, sparing a month or two to train the employees is seen as a big gamble – one that not everyone is willing to take.

Training is expensive – You see, whether the company decides to hire a trainer or enrolls its employees on a different training program, it going to cost it money. And as you know, spending money, especially with the pandemic still going on is quite risky. The company sees these funds as ones that should be spent on various marketing campaigns that would bring money in. so, many companies are preferring to deal with the skill gaps rather than invaluable and unresourceful spending.

Fear of ineffective training – the fear of ineffective training is the other reason why many companies are reluctant to train their employees. In this case, ineffectiveness could mean anything, from lack of qualified trainers to the employees not utilizing the skills gained. As a result, most companies view training as a waste of money and time. And due to the pandemic, not many companies want to risk their finances on something that might not lead to profitability.

What the consequences?

Regardless of what you feel about training the employees, lack of it actually dangerous for your business. You see, with the industry standards changing every now and then, the employees have to remain up to date will all the changes, and the only way that would happen is through training. This leads to a lack of knowledge of the latest industry trends and policies. Moreover, lack of training leads to weakened performance as well as lower retention rates and unsafe work environments.

Final word

If successful companies in the world never invested in training their workforce, do you think they would be where they are today? Of course not! So, no matter what, training and development for the employees is super essential and plays a big role in the company’s success.