So, your company has decided that it needs to train staff but is still deciding on the best approach. Here are the main pros and cons for the staff and organization surrounding company-specific training held at your premises.
With in-company training, gone are the costs of flying your employees or reimbursing mileage costs. By just paying for the training itself, you can save money and afford to train more of your employees than you may have been able to afford to send to a classroom course.
Any good in-company trainer will offer to design a bespoke program to meet the needs of your employees and company and address the specific challenges you face.
It's easier for you to calculate the ROI of training when you're working closely with a training company who will be able to guarantee factors such as the number of employee hours that will be saved by learning new skills and the short-term and long-term impact that new knowledge and skills will have on your organization.
Less disruptive to work
Whether losing only a few days or a few weeks, employees' schedule can become overloaded by taking time out to go to travel and attend a classroom course. Company-specific training can allow your employees to learn from the convenience of the workplace.
Better apply knowledge to the company
Even if you purchase an out-of-the-box in-company training program, Q&A sessions at in-company training can quickly turn highly productive when your employees ask questions to help problem-solve issues that arise in your business.
Because employees are learning with their colleagues in your office, it's easier for them to think about exactly how what they're learning applies to them and is not just a theoretical exercise to be forgotten upon their return to the office.
If you're sending employees out to an open course, you can help counter this by asking them to prepare relevant questions to ask at the training and to present what they've learned to their colleagues back in the office.
Loss of networking opportunities
By choosing company-specific training, your employees and company as a whole will miss out on the advantages of training with other professionals in a classroom course. Opportunities for partnerships, insight into your competition, and even future recruitment for your company can all begin with networking at a public course.
If you have a young company especially, choosing in-company training could limit you from making valuable connections in the industry.
Employees can be less engaged
Are your employees enthused enough to make the most of company-specific training? If your office morale is suffering and your company culture is in crisis, choosing an in-company trainer who is relying on the full commitment of your staff can be a risky decision.
Alternately, employees who are highly committed to their positions may find it tempting to answer emails and handle other work business during the training.
Losing the broader picture
With participants from other companies, comes information about different techniques, emerging best practices, and insight into how others have faced challenges you have been encountering.
Although experienced trainers come with a wealth of experience, the combined knowledge that can emerge from a group can help your company escape its own limited knowledge and out-dated practices.