Staying ahead of the competition goes beyond selling a great product or service. Fostering a team of skilled and adaptable employees is just as important.
But with up to 93% of businesses concerned about employee retention, building that dream team is often easier said than done.1 The journey to a skilled and adaptable workforce starts with how you interview candidates and hire employees, and once you've found the right people, training and continuous learning are key to keeping them engaged and thriving.
Whether you’re a small business or a high-growth startup, read on for top tips on how to train new employees.
Integrating a new employee into your organization is known as employee onboarding. This process typically involves introducing them to their role and responsibilities as well as your company's policies, procedures, and culture.
No matter what kind of business you run, the goal of employee onboarding is to welcome new hires and provide them with the foundational knowledge and context they need to succeed in their job.
But how much does it cost to train new employees? The investment in onboarding can vary greatly depending on your industry, role complexity, and the training methods you choose. Regardless of the final price tag, remember that every dollar you spend in properly training your new hires is an investment in your business.
Ready to create or improve your training plan? Here are the steps on how to effectively train new employees and set the stage for long-term success.
Start by assessing your training needs for the role(s) you’ve hired and defining clear goals and expectations.
Use these pointers to create a training plan and identify targeted learning objectives:
A well-designed program is at the core of any effective training. Consider these factors:
While it can be tempting to cram in as much detail as possible into your training materials, remember that how you present information matters just as much as the information itself.
So before you task your web team with creating a new, high-tech training hub, take these tips into consideration:
Now you’re ready to identify individuals within your organization to oversee the training for new employees. Look for people who possess both expertise in the subject matter and a knack for effective teaching — ask yourself: are they passionate about sharing knowledge? Can they explain complex topics clearly and patiently? Do they have experience mentoring or coaching others?
You may also need to decide if you need to hire external experts for any portion of the training. This can be especially helpful for specialized skills or to provide a fresh perspective.
Supporting your trainers is key to their success (and the success of your new hires!). Borrow these tips:
When you begin employee onboarding, start with the essentials. This may involve:
But remember: one size doesn't fit all. Here's how different industries can level up their onboarding:
As your new employees work through their training, it’s important to monitor their progress and performance. Use these tips to help:
One of the best ways to cultivate a culture of learning with new and existing employees is to recognize and reward them. Here are a few places to start:
Looking to bring your employee training into the future? Check out these tech-focused strategies:
Many leadership and development experts agree that proactively building employee skills can help navigate the future of work. And more importantly, opportunities to learn and develop new skills are important to nearly 30% of applicants when considering a new job.1
To encourage continuous learning, make sure to go beyond periodic training sessions. Instead, promote ongoing learning as an integral part of your company culture, so employees become more adaptable and up-to-date on industry trends.
The numbers speak for themselves: employees who participate job training opportunities say that their overall job performance was improved as a result.2
The beauty of measuring training effectiveness is that it can be tailored to your specific goals. For a fast-growing tech startup with hands-on learning and mentorship, success might involve metrics like how quickly new developers become proficient, how satisfied employees are with the onboarding process (through surveys), and, ultimately, the speed and quality of new feature releases.
Comparatively, a retail company that wants to improve its customer service might focus its sales associate training program on product knowledge, communication skills, and handling challenging customer interactions through role-playing. To gauge effectiveness, they may look at improvements in customer satisfaction scores, a reduction in customer complaints, and an increase in sales conversions.
Now that you’re familiar with how to train employees, one thing should be clear: in today’s competitive landscape, investing in their development is non-negotiable. But building a high-quality training program— let alone providing ongoing learning resources to your entire team — can be expensive.
The good news is that managing these expenses doesn’t have to be a headache. With PayPal, you can streamline payments for everything training-related: onboarding costs, payroll for new employees, subscriptions to online learning platforms, even ordering pizza for that training day lunch.
The result? You gain a competitive edge by navigating industry changes, staying current with trends, and retaining top talent. Check out more employee retention strategies, plus tips to manage your employees.
In partnership with three expert business owners, the PayPal Bootcamp includes practical checklists and a short video loaded with tips to help take your business to the next level.
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