“The only thing worse than training your employees and having them leave is not training them and having them stay.” This profound statement made by Henry Ford is just as true with marketing livestock nutrition products as it was in automobile manufacturing. Investing time and money into your employee’s training is vital to keeping good employees.
To you, training might seem like a no-brainer. You hire some people, train them to stock shelves, be nice to customers and run the cash register. However, there are more steps and layers to employee training that a business owner or manager need to consider. Let’s look at four key reasons to invest in staff development.
1. Reduce Turnover
According to research, nearly 40-percent of all employees leave their job the first year because they are unhappy or dissatisfied with the training they received. That is some big turnover, and every time a company has employee turnover, dollars and time are lost in the recruiting and hiring process. The same study showed that employee turnover costs U.S. businesses about $11 billion each year.
Not only will your employees be more likely to stay with your company if you offer some type of training or development, many potential employees look at training as an added benefit. Benefits are a big deal, especially to millennials, and if you provide the opportunities to grow, those benefits will help recruit and retain employees.
2. Build Loyalty
Employees who feel like part of the team or business are going to remain loyal to the company. They know you have invested in them, so that loyalty increases. If you equip the staff with proper product knowledge, they become “experts” and can easily discuss the benefits and differences of particular products. Cross-training employees is essential, especially in smaller businesses where just a few people do every job. Make sure your employees are just as comfortable with finalizing a sale and helping load a truck as they are discussing the differences between VitaFerm® Concept•Aid® and VitaFerm HEAT®. Plus, loyal employees are more engaged and motivated and require less supervision.
3. Promote from Within
Did you know that it is safer and more cost efficient to promote someone to a managerial position than it is to hire from the outside? The loyal employees that you have already invested in training, and who have invested their time and knowledge into your company typically make better managers because they already understand the business and the products and services offered. There is less training needed when promoting from within, and studies show that promoting from within often saves a company about $20,000 in salary, bonuses, benefits and training costs.
4. Ensure Longevity
A lot of credit should be given to a company that has happy employees that stay with it. The longer a good, well-trained employee stays with a business, the more loyal he or she becomes to the company, and the relationships between that employee and the customers has time to grow and flourish. Employee longevity is another sign of trust between the employer and the employee, and long-time employees often give the employers more freedom. In addition, thinking back to retention, a long-term employee also saves on expenses, as it is shown to cost from $1,500 to $5,000 to recruit and hire a new employee.
Now that you know the value of employee development, what tools are available to train your employees? One resource that BioZyme® offers is the Master Dealer Program. This online training program allows dealers to learn about sales and marketing as well as the various product lines that BioZyme offers through a series of online training modules. The dealers work at their own pace to watch the videos and take short quizzes. Once a participant has completed the training, and met all the requirements, they will receive a jacket, signage for the store and a special emblem on the Dealer Locator, indicating they are indeed a Master Dealer.
Master Dealer 2.0 is just being rolled out this summer. New training videos on different topics will be available to those who have completed the first Master Dealer Training Program. A year after your Master Dealer completion, you will receive notification about the second phase, and be able to complete that to stay more current on new products and marketing trends.
And, if you are looking for other ways to train your employees, get involved with local organizations. Chances are the local cattlemen association will offer BQA training or the Chamber of Commerce might have workshops geared toward marketing and customer service. Training your employees, and yourself, pays off. Make the time and make the investment.