{"id":354,"date":"2020-01-29T13:06:00","date_gmt":"2020-01-29T18:06:00","guid":{"rendered":"https:\/\/projectmanagementacademy.net\/resources\/?p=354"},"modified":"2021-11-24T12:06:30","modified_gmt":"2021-11-24T17:06:30","slug":"why-should-your-company-purchase-corporate-training","status":"publish","type":"post","link":"https:\/\/projectmanagementacademy.net\/resources\/blog\/why-should-your-company-purchase-corporate-training\/","title":{"rendered":"The Value of Corporate Training"},"content":{"rendered":"\n<p>Corporate training is a way to provide employees with the ability to adapt, learn new skills, and increase their productivity. The value of corporate training programs has been proven time-and-time again in recent years when faced with global challenges such as economic downturns or emerging technology disruptions.<\/p>\n\n\n\n<p>Are you considering an investment in corporate training? More and more companies are making this investment in their employees. <a href=\"https:\/\/trainingmag.com\/trgmag-article\/2019-training-industry-report\/\">According to one industry report<\/a>, companies invested $83 billion in corporate training in 2019 \u2013 a staggering number that demonstrates the value companies place on professional development.<\/p>\n\n\n\n<!--more-->\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-1 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p><strong>On this page:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/projectmanagementacademy.net\/resources\/blog\/why-should-your-company-purchase-corporate-training\/#Growing-Company\">Growing Company<\/a><\/li><li><a href=\"https:\/\/projectmanagementacademy.net\/resources\/blog\/why-should-your-company-purchase-corporate-training\/#Company-Transitions\">Company Transitions<\/a><\/li><li><a href=\"https:\/\/projectmanagementacademy.net\/resources\/blog\/why-should-your-company-purchase-corporate-training\/#Build-Knowledge-Base-and-Skills\">Professional Development Program Establishment<\/a><\/li><li><a href=\"https:\/\/projectmanagementacademy.net\/resources\/blog\/why-should-your-company-purchase-corporate-training\/#Build-Knowledge-Base-and-Skills\">Build Knowledge Base and Skills<\/a><\/li><li><a href=\"https:\/\/projectmanagementacademy.net\/resources\/blog\/why-should-your-company-purchase-corporate-training\/#Best-Practice-Establishment\">Best Practice Establishment<\/a><\/li><li><a href=\"https:\/\/projectmanagementacademy.net\/resources\/blog\/why-should-your-company-purchase-corporate-training\/#Staff-Retention\">Staff Retention<\/a><\/li><\/ul>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/e360-media.s3.amazonaws.com\/2021\/04\/05154613\/7-Secrets-Passing-PMP-Exam-1.png\" alt=\"7 Secrets to Passing the PMP Exam\" class=\"wp-image-98\" width=\"402\" height=\"152\" srcset=\"https:\/\/e360-media.s3.amazonaws.com\/2021\/04\/05154613\/7-Secrets-Passing-PMP-Exam-1.png 803w, https:\/\/e360-media.s3.amazonaws.com\/2021\/04\/05154613\/7-Secrets-Passing-PMP-Exam-1-300x113.png 300w, https:\/\/e360-media.s3.amazonaws.com\/2021\/04\/05154613\/7-Secrets-Passing-PMP-Exam-1-768x290.png 768w\" sizes=\"auto, (max-width: 402px) 100vw, 402px\" \/><\/figure><\/div>\n\n\n\n\n\t\t\t\t\t<script>\n\t\t\t\t\t\thbspt.enqueueForm({\n\t\t\t\t\t\t\tportalId: 3294842,\n\t\t\t\t\t\t\tformId: \"4091cf73-280a-4cd8-be87-aec72cada392\",\n\t\t\t\t\t\t\ttarget: \"#hbspt-form-1778535102000-4261513804\",\n\t\t\t\t\t\t\tregion: \"na1\",\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t});\n\t\t\t\t\t<\/script>\n\t\t\t\t\t<div class=\"hbspt-form\" id=\"hbspt-form-1778535102000-4261513804\"><\/div>\n<\/div>\n<\/div>\n\n\n\n<p>It&#8217;s important to understand the <mark>value<\/mark> of <mark>corporate training<\/mark>, before a organization decides to pursue this essential investment. To ensure your corporate training efforts succeed, you need buy-in from decision-makers and participants alike. Here are some events and goals in a business&#8217; lifecycle that commonly trigger a need for corporate training:&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Growing-Company\">Growing Company<\/h2>\n\n\n\n<p>Significant growth in a company can signal that it is time to invest in corporate training. Especially in times of rapid growth, it\u2019s easy for companies and employees to lose alignment. Implementing new structures and on-boarding new employees can make it challenging to meet your current quality standards and keep up with growing demand.<\/p>\n\n\n\n<p>Often, when bringing on new employees, companies fail to invest the time into adequately training and preparing these new hires. They\u2019re brought in to meet growing needs, after all. However, without the proper foundation at new job, employees may be set up for failure. If you want your company growth to be both successful and sustainable, corporate training is an essential investment.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Company-Transitions\">Company Transitions<\/h2>\n\n\n\n<p><img decoding=\"async\" style=\"width: 300px; float: right; margin: 0px 0px 10px 10px;\" src=\"https:\/\/cdn2.hubspot.net\/hubfs\/3294842\/Integrating%20Agile%20Part%203.jpg\" alt=\"Integrating Agile Part 3\" width=\"300\">Transitions within your company \u2013 big and small \u2013 make corporate training a necessity. Why is training during this time valuable? Whether your company is transitioning to a new operational style or a new project management approach, your team needs comprehensive training to make the transition smooth and successful.<\/p>\n\n\n\n<p>First, it allows you to establish new norms. You can train your employees in alignment with new operations and ensure everyone is prepared to adapt to the transition. Additionally, in a time of transition, you want to check the pulse of your company, ensuring operations remain productive even when major changes are occurring.&nbsp;<\/p>\n\n\n\n<p>In terms of project management, company transitions sometimes require your employees to pursue certifications to meet internal or external customer needs. Buying a corporate training program for your employees makes it easy to prepare your team to move to a new project management approach.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Professional-Development-Program-Establishment\">Professional Development Program Establishment<\/h2>\n\n\n\n<p>Do you currently have a learning and professional development system in place at your company? Are starting an internal training program but don\u2019t know where to begin? Having an internal employee development program is an investment many companies are making. Working with external resources can help you establish these types of programs and ensure your employees are gaining and retaining the skills they need to be successful at their jobs.&nbsp;<\/p>\n\n\n\n<p>A case can easily be made for investing in external resources, as opposed to building up a development program internally. First, you can start reaping the benefits of professional development faster than if you were to start an in-house program. An external instructor comes in and simply begins training. Second, you don\u2019t have to do any of the work yourself. These training programs and well established with proven results. Finally, if you choose the right training partner, you can trust that your employees are receiving training from the best trainers in the business. Be sure to work with training partners who have plenty of experience and professional development courses to choose from.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Build-Knowledge-Base-and-Skills\">Build Knowledge Base and Skills<\/h2>\n\n\n\n<p><img decoding=\"async\" style=\"width: 300px; float: left; margin: 0px 10px 10px 0px;\" src=\"https:\/\/cdn2.hubspot.net\/hubfs\/3294842\/Integrating%20Agile%20Part%204.jpg\" alt=\"Integrating Agile Part 4\" width=\"300\">Every company wants to have highly skilled employees on their team. When you invest in corporate training, you\u2019re sure to build a knowledge base and skills necessary for your team to succeed. Instead of going through the long, tedious, and expensive process of searching for and hiring new employees, why not invest in the employees you already have on your team?&nbsp;<\/p>\n\n\n\n<p>When it comes to the field of project management, there are always new and emerging approaches. For the project managers on your team to truly be successful, you need to provide access to the latest project management training courses. Through this investment in building your employees\u2019 knowledge base and skills, you\u2019ll also gain and maintain a competitive advantage over the other companies in your field.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Best-Practice-Establishment\">Best Practice Establishment<\/h2>\n\n\n\n<p>One challenge common across many organizations, regardless of industry, is the failure to adequately establish best practices. When companies don\u2019t take the time to establish best practices, you\u2019re likely to see the consequences of failed projects and diminished productivity.&nbsp;<\/p>\n\n\n\n<p>In addition to establishing best practices, you\u2019re also able to standardize practices across your organization. When your team members, especially your project managers, are using different processes and approaches, it\u2019s hard to monitor progress and keep everyone on the same page. You\u2019ll struggle to get the best results without alignment across your teams.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Staff-Retention\">Staff Retention<\/h2>\n\n\n\n<p><img decoding=\"async\" style=\"width: 300px; float: right; margin: 0px 0px 10px 10px;\" src=\"https:\/\/cdn2.hubspot.net\/hubfs\/3294842\/7%20Reasons%20People%20Fail%20the%20PMP.jpg\" alt=\"7 Reasons People Fail the PMP\" width=\"300\">Is your organization experiencing challenges in terms of staff retention? If your valuable employees have one foot out the door, you may want to consider adding corporate training to the benefits you provide your team.<\/p>\n\n\n\n<p>One of the most positive outcomes of investing in corporate performance training for your employees is the impact this investment has on staff retention. Your employees want to feel like valued members of your workforce, and to make them feel that way, you must demonstrate that you care about their futures at your company. An investment in corporate training is an investment in your team.&nbsp;<\/p>\n\n\n\n<p>When employees are able to reap the benefits of your training investment by furthering their own professional careers, they\u2019re likely to see a path forward in your organization and appreciate the training you\u2019ve provided. Your company also benefits from retaining well-trained and highly-skilled employees. You\u2019ll avoid the significant costs that come with replacing key employees and maintain the highest levels of productivity.<\/p>\n\n\n\n<p>Making an investment in corporate training is a big decision for your organization, but a necessary investment if you want to retain top talent and transform your workforce. Before you make a huge investment in corporate training, make sure you choose the best training partner for your needs in order to maximize value. Research your options carefully, but don\u2019t put off this investment. You want to start reaping the benefits of corporate training sooner rather than later.<\/p>\n\n\n\n<p><strong>Are you looking for group training options for your employees?&nbsp;<\/strong><a href=\"https:\/\/projectmanagementacademy.net\/online-pdu-training\"><strong>Learn more about working with Project Management Academy for your group training needs<\/strong><\/a><strong>.<\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator is-style-wide\"\/>\n\n\n\n<div class=\"wp-block-group is-layout-flow wp-block-group-is-layout-flow\">\n<p class=\"has-text-align-center has-medium-font-size\"><strong>Studying for the PMP Exam?<\/strong><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-1 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-100 is-style-fill\"><a class=\"wp-block-button__link has-white-color has-text-color has-background\" href=\"https:\/\/projectmanagementacademy.net\/free-pmp-questions\" style=\"border-radius:2px;background-color:#366194\" target=\"_blank\" rel=\"noreferrer noopener\">PMP Practice Questions<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:8px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr class=\"wp-block-separator is-style-wide\"\/>\n\n\n\n<div style=\"height:45px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<p style=\"font-size:25px\"><strong>Upcoming PMP Certification Training &#8211; Live &amp; Online Classes<\/strong><\/p>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\"><table class=\"table table-striped table-bordered table-responsive-sm font-md mt-5 mb-0 d-none d-md-table\"><tr><td>Name<\/td><td>Date<\/td><td>Place<\/td><td><\/td><\/tr><\/table>\n<\/div><\/div>\n\n\n\n<p><\/p>\n<\/div><\/div>\n\n\n\n<div style=\"height:45px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr class=\"wp-block-separator is-style-wide\"\/>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Corporate training is a way to provide employees with the ability to adapt, learn new skills, and increase their productivity. The value of corporate training programs has been proven time-and-time again in recent years when faced with global challenges such as economic downturns or emerging technology disruptions. Are you considering an investment in corporate training? [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1475,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[15],"tags":[],"class_list":["post-354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-training"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Value of Corporate Training - Project Management Academy Resources<\/title>\n<meta name=\"description\" content=\"Corporate training is intrinsic to a business\u2019s success. 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