Companies of all types must handle problems on a constant basis, but these challenges are more difficult for a small business. Having limited resources makes it difficult to compete with larger enterprises. Companies of all types must handle problems on a constant basis, but these challenges are more difficult for a small business. Having limited resources makes it difficult to compete with larger enterprises.
In the past, access to something as powerful as Big Data was limited due to the costs and skills required. In recent years, however, cloud vendors have begun providing data solutions that are simpler and more affordable. For SMBs, this usually requires no more than a subscription fee to begin leveraging the benefits of big data. One report forecasts that big data use by small businesses has increased by 42 percent over the past year.
Even if you run a small proprietorship, you can still utilize big data – for example, to discover patterns and trends in your internal operations or supply chain, identifying new prospects, developing new products, improvements to efficiency, and otherwise making informed decisions to drive faster growth.
One area where big data is proving highly effective is in employee training. In this article you'll discover how data analysis will improve your workforce and your bottom line.
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Meeting the Expectations of Your Employees
Big data will help you to pinpoint the skills your workers need to perform better, whether on an individual, team, or departmental basis. You can then prioritize and implement a training program that targets the skills and knowledge your employees need most.
You can establish training courses in a variety of formats according to your needs and resources. These might involve mentor programs with veteran employees, online courses, demonstrations and lectures, or traditional classroom settings. You'll be able to determine which combination of training situations works best and how to schedule them around employee work hours.
You will need to identify which information and materials are required for your training sessions, such as instructors, video, printed handbooks, and smartphone or computer apps. If you can find the right materials and environments to suit your workforce, employees can actually become excited about attending training sessions.
Using big data to track your training programs, you can focus on the most effective training aids, developing better lesson plans, and designing new content and exercises. This way, you'll be able to provide the training that your employees will find the most engaging.
Assessing the Effectiveness of Training
Tracking the effectiveness of your training program will provide the data you need to keep making improvements for greater results. You can identify employee preferences in comparison to the rate of progress. This will help you establish more interesting and even personalized learning activities.
Big data can help you adapt your training to each employee's specific needs. Advanced e-learning technologies can improve the learning experience for everyone to provide optimal returns on your time and investment.
Immediate correlation of test results with demographic data can help you easily chart overall development as well as where individuals may be struggling. People learn at different rates and in different ways, so that some may need special attention or fresh approaches. You'll be able to determine which learning modules are most productive for which employees.
Big data analysis of training activity can also help you to spot employees who demonstrate special talents or capabilities. It would be in your company's best interests to develop these talents as much and as quickly as possible, or prepare gifted individuals for leadership roles.
Learning through a cloud-based big data solution will provide real-time feedback for employees, instructors, and management. You can take corrective actions to improve the process as training continues.
The cloud provides a highly responsive and flexible platform for a mobile, connected workforce. The easy accessibility of cloud computing technology has made the perk of working from home possible for an increasing number of people, so now it’s easy for remote employees to get all the benefits of education without having to leave the comfort of their home.
Minimize Employee Turnover
In the U.S., corporate spending on employee training amounted to $70 billion in 2014 and continues to grow. Your small company may not be able to commit a huge sum, but the benefits of developing a better workforce are clear.
Employees who receive ongoing training are happier in their jobs and more committed to their employer. More capable workers are more confident, more comfortable, and more likely to remain with your company long-term.
Zoe Weintraub of Guild Education maintains that employees who receive job training are up to 40 percent more likely to stay with their employer than those who don't receive extra training.
A business culture that involves employee skills training benefits both the company and the individual worker, which makes it well worth the investment. Your employees will understand that their efforts are important to the business and its mission. They'll have a greater sense of job satisfaction knowing that you are prepared to invest in their future.
One of the rewards of incorporating big data into your small business comes from its applications in employee training. Cloud-based systems allow you to improve and adapt training programs in real time to get the best from your workforce. At the same time, it creates a sense of involvement and loyalty in your employees. This double benefit of ongoing training makes it a shrewd investment for companies of all sizes.
Author Bio:Jasmine Williams covers the good and the bad of today's business and marketing. When she’s not being all serious and busy, she’s usually hunched over a book or dancing in the kitchen, trying hard to maintain rhythm, and delivering some fine cooking (her family says so). Tweet her @JazzyWilliams88