Investing in Employee Training: The Value of An Educated Workforce

The promise of education can sometimes be a justification for taking a pay-cut or moving into a new vertical. So unless you have bottomless pockets it’s unlikely that you’ll be funding employee education without considering the benefits first.Employee education is expensive.

A smarter, more productive workforce

An educated workforce is an empowered workforce.

• Giving whole teams effective training programs can even the playing field when it comes to knowledge and skills, and help both individual employee performance and cross-functional collaboration
• Providing learning and development opportunities for your existing employees can have a long term business impact, by making your teams more productive, more engaged, and more agile

Why Product Management Training?

Product Management training for those working in Product Management roles is a no-brainer. It helps them to learn the skills they need to excel in their role and to bring your visions for the perfect digital product to life.

• However, it can also be beneficial to many different functions within a SaaS organization.

What Now?

There are a few options that Product School can provide for your employees depending on their needs

• Individual Product Management Certifications
• Corporate Training
• Where you’re in an office or in a fully remote and distributed team, corporate training in Product Management is the best option if you’re looking for customized training for your entire team

Improved employee satisfaction and retention

The most valuable employees are the ones you already have

• Employee retention is more important than most people think
• Research suggests that the cost of training for employee training is less than that of hiring new talent
• High employee turnover rates also cause disruptions to team working and can have a negative impact on company culture

Attracting a higher quality talent pool

A growing company will need to hire new talent, and candidates are becoming more selective in who they apply to

• Offering some form of education or training plan is a fast-track to attracting all-star candidates
• In an ideal world, economic background doesn’t impact the opportunities that are available

Source