Debunking Corporate Training Myths!
Corporate training is essential for any business that wants to stay ahead of the competition. With the right training, you can give your team the skills they need to succeed and grow.
Unfortunately, there are a lot of myths out there that make people wary of investing in corporate training. Myths like formal training being the best and only way and corporate training being costly can cause you to miss out on creative and proven methods to train your employees.
Let’s take a closer look at three of the most common corporate training myths and why you should not believe them.
Myth 1: What if we spend money to train potential team members, and they leave?
This is a legitimate concern for any company. You don’t want to invest in training only to have your new hires walk away with their new knowledge as soon as they find another job. What if you don’t train them and they stay? Is that going to be beneficial? Training should represent 1% to 5% of your overall corporate budget.
Myth 2: Maybe we should wait with training till we are winning!
Every minute you wait, you lose revenue, and your competitors gain ground. Training should be an ongoing process even when things aren’t going well. Investing in corporate training can help your team become more efficient and productive, which will help your business become more successful in the long run.
Myth 3: Skipping training and praying for luck!
This approach doesn’t work either! Luck isn’t something that businesses can rely on because it often doesn’t last very long. Successful companies know that their success comes from hard work and dedication. Not purely luck! Investing in corporate training is one way to ensure that your team has the necessary skills and knowledge they need to be successful now and in the future.
If you want to steer clear of these and other business coaching myths, reach out to The Method Effect. We are a B2B consulting firm in Calgary, Alberta specializing in Business Management Coaching. We provide sales training, leadership programs, executive coaching, brand management, strategic planning, consulting services, and change management and DISC training.
Get in touch with us today!