If employees are stuck in the same position, their performance will eventually suffer, and it will affect the company. Therefore, companies also have to invest in employees to get regular courses and refresher courses for them to do their job well stay updated on technology and the latest happening in the industry. Plus, through such courses, companies can also promote employees internally, which is a great practice. Rather than looking for new employees all the time, it is always better to retain employees.
Companies do many software and other upgrades in their functioning, but they fail to realise that the employees make take some time to adapt to the changes. Those who are tech savvy may pick it up easily, but most struggle. Many of them end up leaving the company. Companies should rather provide them training and course for them to adapt. This helps with retention and employees learn new skills and perform better.
This helps employees get their performance out of stagnation. Good companies have refresher courses at regular intervals. Such companies have a minimal attrition rate, and much happier employees who do their job well.
This is one of the best ways to help you employees become better. If getting them coursework is expensive and time-consuming. Go for day-long workshops where they get a concentrated version of the course that is just as helpful.
Procurement and contracting courses are a prime example where many companies buy them for their employees to get better, and get ahead in their careers.