So you want to run your own business? Got the skills to make it?
This guest blog post is provided by Employment and Social Development Canada's Office of Literacy and Essential Skills, a Centre of expertise dedicated to improving the skills Canadians need to adapt and succeed at work.
There are many things that drive you to start up and grow your own business. Like many other business owners, you want to be your own boss and succeed.
In order to keep up with change and, if possible, get ahead of the curve, you need to invest in workplace training – be it mentoring, job shadowing or formal training – to support your workers in developing the skills they need to adapt and contribute to your business' competitive edge.
A recent study1 shows that a well-designed program of essential skills training can deliver attractive returns on investment for employers. When bearing the full costs of training and release time for workers, firms are estimated to earn an average return of 23% on their investment in the first year after providing training to employees.
When it comes to hiring and effectively managing your workers, incorporating essential skills training into your human resources planning can be a simple and vital step. Here are just a few examples of what you can do:
• To enhance your customer relations, you could support your workers in improving their capacity to communicate information clearly and concisely.
• If you are planning to introduce a new technology solution to improve productivity, you should make sure your workers have the digital skills needed to put it to good use.
• To help your workers overcome routine challenges more independently, you could help them improve their ability to think things through, find information, and identify and evaluate solutions to a problem.
For you to realize your dream of being a successful entrepreneur, be sure to recruit and invest in your workers so they can help your business to flourish.
To learn more about how essential skills training can be applied to your workplace, visit www.esdc.gc.ca/essentialskills.