Investing in employee training and upskilling is vital if you want to attract and retain the best talent for your business. A strong Learning and Development Programme will not only boost employee morale and retention, and create a positive work environment, it can also lead to organisational growth.
Traditionally, SMEs have relied heavily on external trainers to deliver learning programmes, and whilst these can be invaluable, they often come at a cost. Many SMEs are now implementing cost-effective L&D initiatives such as peer learning groups, mentoring and knowledge sharing that provide a great way to upskill their workforce whilst benefitting from their newly learnt skills.
Business-wide and team knowledge sharing
Knowledge sharing can be used within specific projects where multiple teams work together to achieve a shared outcome, or for micro teams to share knowledge, discuss challenges and learn from one another.
Project-based knowledge sharing can be used not only from an upskilling perspective, but it can be particularly helpful to build connections amongst different teams, providing insights into another person’s job role and how that fits into the wider objectives of a particular project.
Knowledge sharing amongst teams can be introduced in a fun way such as ‘Lunch & Learn’ sessions. These can help strengthen relationships and build trust, particularly for those who may want to develop and progress their career within the company where they can benefit from the insights and experiences of more experienced members of the team.
Providing work shadowing opportunities
Work shadowing offers an invaluable training initiative that can be done at very low cost. By pairing employees together, less experienced members of a team can learn new skills and knowledge from their peers, whilst seeing them being applied in the context of a particular project.
During the job shadowing, encourage the shadower to share their insights and ask them to reflect on their observations and share with the wider team as this can identify opportunities for improved collaboration and sharing of responsibilities.
Mentor Programme
Many external L&D programmes often struggle to translate theoretical knowledge into practical application for the business. A mentor can help bridge this gap by guiding mentees on how to apply certain skills in work scenarios that they have learned on an external training course.
Mentoring can also be effective for new team leaders who need to learn soft skills such as team communication, motivation, task delegation and effective project management.
Project-based learning programmes
Project-based learning programmes provide a unique approach to employee development that centres around real-business projects. Instead of traditional training, employees work together on live business project, applying their knowledge and skills to solve problems and achieve tangible results.
By applying new skills to an actual live project, employees can gain a deeper understanding and apply their skills to practical situations, and the company can see the tangible impact of their work.
The choice of the project for this sort of training is crucial, and they should only be used when there is clear reporting and guidance from more senior employees.
If your SME wants to introduce more Learning & Development opportunities to attract and retain the right people, a lot can be achieved, even on a tight budget. Contact 1850 for more ideas on this and to set up a clear L&D programme specific to your organisation.
