An ideal employee is typically dynamic; they can adjust to new customer demands, shifts in responsibilities, alterations to the technological aspect of the business, etc. The magic is simple, they adopt a continuing professional development course to improve their skills and apply them to the business, which enhances performance, productivity, and benefits.
Research from Expert Market claims that the average revenue per employee for selected top 10 companies with employees numbering from 9,015 to 94,000 is $5,820,371 (£4,347,275). Whereas, the bottom 10 companies with employees numbering from 265,000 to 2.2 million generate a lower revenue of $193,349 (£144,396).
In this regard, an accredited continuing professional development training provider such as The CPD Standards Office, masterminds the enhanced employee input in a company through accredited training courses and activities, and helps them on their career development and on a path to rise through the ranks and obtain a higher salary.
This article provides an insight into 4 benefits of CPD accreditation and why this is integral for employees to continue their journey of professional development.
1. Continuing Professional Development Boosts Confidence
Employees’ confidence with CPD accreditation can be boosted because it showcases to an employee that an employer does value their worth, thus making them wanting to stay at the company longer and reducing overall employee turnover rates.
From employers having CPD accreditation, employees can take comfort in the knowledge that their various training courses, events and conferences have been assessed to the highest standard and have been independently examined, which can enable employees to reap the benefits because if those elements have been verified of a professional standard, it means that they will be able to get true value from learning what those activities have to offer.
2. Realize Employee Potential Faster
Have in mind that the designated function of CPD courses is to develop or refine productive skills. Typically, a new hire or an employee tasked with a new responsibility takes time to adapt. According to HRreview, the average new hire in microbusinesses takes 12 weeks to become productive, SMEs take 24 weeks, while new hires in larger firms take up to 28 weeks.
It is understandable that starting a new job can be quite frightening and it might take a while for new hires to get going in their respective roles, however, if they are still having issues with settling in with their new position, then that can have a negative impact on the business and affect business productivity which could leave them in a competitive disadvantage.
With accredited CPD Courses, however, an employee could develop at a faster pace and it also maximises their potential. With continuing professional development, an employee can help keep their knowledge up-to-date and boost their skills and give them a real sense of direction for the career path that they wish to pursue and rectifying any knowledge gaps they might have in their industry.
By being an accredited employer, they ensure that the professional standards met across the company are at a high level and are consistent, which is important when it comes to promoting engagement and commitment with the staff.
3. Inspire Creativity and Boost Performance
An indispensable employee is always efficient, regardless of the new tasks. Nevertheless, they might need a bit of time to develop and input productively in their position.
CPD accreditation inspires thoughtful ideas and aids an employee to culminate effective decision-making over challenging responsibilities. Since CPD courses are designed to teach work ethics, an employee can function optimally in the aspects of teamwork, customer relation, leadership role, and accomplishing challenging tasks.
4. Outmatch the Company Benchmark
Benchmarking is a critical scheme employed by companies to help in the evaluation of employees. It allows for the performance appraisal and establishes the levels of expertise expected in the business.
Most companies set standards, often used strategically to evaluate employee performance. Following this expectation, CPD accreditation enriches the learning quality of an employee to matchup or outmatch the set standards in a company. Often, the employee in question is rewarded as an encouragement to remain productive.
Employee appraisals can really be an insightful process regarding continuing professional development because an employee can discuss in-depth about the skills they’ve managed to learn and implement within their role, and this can then lead to further discussions regarding the further areas of development that they need to improve upon.
Continuing professional development is a lifelong process that keeps an employee at a high-performance level. Regardless of the business niche, employees must always look forward to self-improvement and the employers must also be encouraging.
When companies are CPD accredited, it indicates their allegiance to productivity that benefits both the company and its customers. Career-wise, it allows employees to expand their horizons and seek new opportunities and reap the benefits of learning new skills and implementing knowledge into practice within their respective industry.