Fostering Continuous Learning & Development Investment Towards A Startups Future Growth

Siva is a seasoned business professional with over 27 years of experience across diverse business functions. Prior to joining Diensten this year, he has successfully handled key roles across numerous companies such as Team Lease Digital, eCentric HR, Adecco India, TATA INDICOM and many others.

Training has been an integral part of the workplace for decades, and for the most part, it was presented in a face-to-face format. However, this took a complete transformation with the implementation of WFH and remote working due to the Covid-19 pandemic in 2020. Organizations were forced to restrategize the way that training courses were designed and delivered and thus embraced ‘digital’ to ensure that the training programs could be accessed by employees from any region. However, this was not a simple task for many organizations. Today, the nature of workplace learning is still evolving, and traditional skill assessment & training methods are becoming outdated. As businesses recognize the need to remain flexible in order to react quickly to any future challenges, new trends and techniques are emerging on a constant rate. Virtual training is one such key trend that is now supporting a higher-skilled workforce, as delegates who were previously restricted by course locations are now able to attend. Also, eLearning has made is very flexible for delegates to participate in modules at their own convenience.

By providing your team with the resources they need to grow & learn, you can ensure that they are always able to meet the demands of the job

Latest Tech Disruptions
Disruptive technology is an innovation that causes major changes in the way consumers, businesses and industries operate. A disruptive technology has the potential to replace existing systems or habits through its attributes that are measurable and superior. One of the greatest possibilities behind disruptive technology is opening new markets. Traditional models are left behind, and new tools or technologies are adopted to improve business performance for the benefit of all. As a result, it is crucial to stay updated with disruptive technologies in the market, and companies that fail to do so will lose market share and cease to exist. Some of the key technology disruptions in the training space are 5G Connectivity, AI/ML, Video Streaming, AR/VR, eLearning, Cross-platform Communication and many more.

Corporate Training & its Benefits
Spending money to foster continuous learning and development of your team is an investment in your startup’s growth. As a business owner, you know that your team is one of your most important assets. By providing your team with the resources they need to grow and learn, you can ensure that they are always able to meet the demands of the job. Additionally, investing in employee development will make them feel valued and appreciated, thus keeping attrition to a bare minimum. Additionally, a properly trained team will be able to work more efficiently and effectively, resulting in increased productivity for your business as a whole. Also, well-trained employees are less likely to make mistakes, which can save you time and money in the long run. When your employees feel like they are constantly learning and growing, they will be more engaged in their work. If your team is properly trained, they will be better equipped to handle customer inquiries and complaints, thus leading to enhanced customer satisfaction levels.

All of the benefits of investing in training and development for your team will ultimately lead to an improved bottom-line for your business. By increasing productivity, engagement, customer satisfaction and retention, you can boost your bottom line significantly.

With rapid change and constant innovation all around us, businesses cannot afford to engage only with their own industry peers. While specific industry dynamics help shape aspects of brand building, there is an opportunity to cast a wider net as you think through your business and marketing planning. Organizations should thus develop a culture of learning and fully embrace cross-industry inspiration. By encouraging curiosity and exploration, employees can step outside their comfort zones and enter a collaborative environment. Expand your thinking beyond industry borders will enable you to adopt new concepts into your B2B business model. In addition to optimizing your marketing strategy, cross-industry learning can also benefit in optimizing processes, audience expansion, creating a corporate culture and develop leadership skills.

Future Prospects
The training and coaching landscape in India has witnessed significant growth and maturity in recent years. The future of corporate learning is tightly tied to the future of work. There are several studies that connect continuous learning with company growth, and companies seem to be getting the message training matters! Employee training helps build trust, ensures consistent customer service, and unlocks your team’s full potential, which in turn decreases employee turnover. For the most part, CEOs and HR departments understand that to get all these benefits, they will have to make an investment. Getting the right tech, tools & personnel to create and implement a solid training plan is not necessarily cost-prohibitive, but many companies don’t know where to begin when preparing their training budgets.