Higher competitiveness of the team
According to INSEAD Knowledge, the first (and fairly obvious) outcome of employee education is higher efficiency and greater competitiveness of the team.
Flexibility and preparedness for unexpected situations
Employee awareness and education mean the team as a whole will be better prepared for various challenges and unforeseen circumstances they may encounter.
Employee satisfaction
Education and professional development rank among the top benefits that employees seek and value. By offering interesting and useful educational opportunities, you will also increase employee satisfaction.
Lower employee turnover
The higher employee satisfaction mentioned above ultimately leads to greater loyalty and thus to lower turnover within the organisation.
Better opportunities for delegating work
Tasks are easier to delegate to educated and capable employees. The work assigned can also be more complex, as competent employees are able to operate more independently. As a manager, this gives you more freedom to focus on strategic tasks.
Development of future leaders
By educating your employees, you are preparing them for future progression into leadership positions. In time, you too may move further up and pass on your responsibilities, or nurture someone who can take over part of your team.
Potential expansion of the team’s portfolio of activities
Educated employees are capable of generating new ideas and better recognising new opportunities. Through employee development, you can therefore expand and diversify the portfolio of activities within your team as a whole.
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