A new era has emerged, wherein organizations must embrace practices that promote development, inclusivity, well-being, and happiness. To excel in this paradigm, companies must encourage individuals to unleash their utmost productivity. “However, in this effort to stand out, organizations tend to fall under the same mistakes in their recruitment and retention processes,” Javier García, CEO, IOS Offices, told MBN.
By offering comprehensive and structured training programs, companies can demonstrate their commitment to employee growth, development and productivity. When implemented effectively, structured on-the-job training (SOJT) plays a vital role in equipping employees with the essential skills and knowledge needed to fulfill their responsibilities, with optimum effectiveness and efficiency. Furthermore, it establishes a solid foundation for a mutually beneficial employer-employee relationship.
The latest reports reveal that a significant proportion of employees, exceeding 50%, decide to part ways with their companies primarily due to the absence of training opportunities. This highlights the critical impact of training programs on employee retention. Moreover, research indicates that employees who have access to on-the-job training witness a remarkable 30% surge in satisfaction levels concerning their career journeys, distinguishing them from their counterparts who are deprived of such training.
SOJT benefits not only employees but also companies, as reported by LinkedIn. It not only saves organizations valuable resources in terms of time and money but also contributes to a reduction in employee turnover rates. Additionally, SOJT plays a pivotal role in fostering new-hire socialization, ensuring that newcomers feel integrated and connected within the company. Furthermore, it fosters engagement among employees and increases company turnover.
Nonetheless, regular evaluation and updates are essential to maintain the currency, relevance and contribution of on-the-job training (OJT) to organizational success. It is crucial to assess and improve content, methods, materials and evaluation criteria by comparing them to industry best practices. Aligning OJT with business goals, strategies, vision, mission and values is vital for its efficacy, says Linkedin. Lastly, training OJT trainers with the required skills and resources enables the successful implementation of updated OJT standards.