What is Retraining in HRM?
Retraining is defined as a process of updating one’s talents and skills in order to keep up with workplace development. In simple words, retraining in business is nothing but learning a new skill or new job within your department. Retraining, as the name implies, entails training an employee once again.
When should you Retrain an Employee?
When an employee is evaluated as 'not qualified' for a skill or knowledge, as decided by the assessment of the employee's answers in the training questionnaire, retraining (repetition of previously completed training) is required.
Retraining programs can be held annually or more frequently as required, based on the importance of the task consistency in which the skill sharpening is involved. The need to retrain employees is often seen in relation with senior members of the workforce, who are required to keep in touch with evolving technical skills.
While senior workers have been affected by technology anxiety and apprehension about learning new processes and obtaining new skill sets, younger job seekers are also experiencing a shortage of "applied soft skills" such as work ethic, social skills, communication, and leadership.
Why is Retraining important?
An employee retraining program serves in re-acquainting an employee with previously learnt skills, recall and retain certain potentials and stay updated to the latest skill requirements. Some retraining programs are required to be carried out on a regular basis to avoid employee obsolescence because of technological changes or an individual's knowledge grasping power.
Benefits of retraining program:
1. Remodelled skills
The company assists an individual in keeping their skills up to date through continuous learning and training programmes, allowing them to excel in their chosen field.
2. Qualitative products and services
Most retraining programmes are targeted at increasing the quality of an organization's services and products. The learning and retraining programme is a step toward product excellence, innovative manufacturing procedures, and eventually improved and better products and services for customers.
3. Remove safety concerns
Retraining allows you to reduce mistakes caused by a lack of understanding. It also assists in addressing safety concerns by providing fresh and current solutions.
4. Improved employee performance
Employee retraining improves an employee's performance in the workplace by broadening his or her skills and knowledge. It also assists in addressing safety concerns by providing fresh and current solutions.
5. Increased productivity
Retraining assists employees in focusing on the use of new technologies, which leads to increased productivity because employees can leave outdated ones.
6. Address setbacks
It is not necessary for an employee to be skilled in a certain talent that is required for his work. Retraining assists the employee in overcoming his weaknesses so that he can improve.
7. Better employee morale
Retraining programmes ensure consistency in an employee's overall performance, which leads to a boost in morale.
8. Improved working environment
Retraining offers employees a sense of fulfilment, which improves the workplace since he may spread his joy.
9. New career prospects
Retraining aids in the search for better options, increasing your chances of landing a better job.
10. Increased job satisfaction
Retraining provides an opportunity to further one's education. They develop a greater sense of pride in their work, which boosts their contentment.
11. Maintains competitive advantage
Retraining allows a business to keep ahead of its competition and obtain a market advantage.
12. Improves employee loyalty
When an employee is given the opportunity to retrain, he is given more options in life as part of his professional development. As a result, his commitment to the organisation that offers him retraining grows.
13. Retain best employees
With the aid of retraining, a company can keep some of its finest employees and provide them more years in the company that are useful for both them and the organisation.
How to create an employee retraining program?
Employee retraining program checklist:
1. Identify the retraining skill or job
- Make a list of your retraining objectives.
- Describe each new skill that is introduced. Include the advantages.
- Describe how you plan to improve existing skills.
2. Develop a retraining program plan
- Break down the retraining programs into parts
- Determine the best training method for the retraining subject.
- If the retraining includes dangers and safety measures, make a list of what you'll need.
- Establish performance, clothing, and etiquette guidelines.
- Determine the type of retraining space or facilities required.
- Determine the length of time required for effective retraining.
- Decide how you'll assess the retraining's success.
- How much does it cost to retrain a program?
3. Calculate the retraining program's costs.
- Budget for facilitators, equipment, learning materials, and supplies, among other things.
- Include location charges if you don't have training space at your office.
- Compute the wages of all participants in the training.
- Include lunch or snacks in the budget if you intend to provide them.
4. Provide information to your personnel.
- Explain why retraining is necessary.
- Make a list of the retraining's objectives.
- Indicate the date, time, and place of the event.
- Describe the expectations for performance, attire, and manners.
- State the length of time for retraining.
- Describe how the individual and the firm will benefit from the retraining.
5. Employ a coach
- Decide if you'll use a company-provided instructor or hire a professional facilitator.
- Examine the instructor's qualifications and experience.
- Assess the instructor's knowledge and abilities.
6. Revise the training materials
- Compare and contrast past training materials to see where improvements might be made.
- Make slideshows and learning modules.
- Use graphics and games.
- Make sure you have all of the supplies you'll need for safety and hazardous training.
- Create final examinations to assess retraining effectiveness.
7. Evaluate the results of the retraining and inform the staff.
- Evaluate the results of the training tests.
- Meet with employees to discuss the retraining goals and outcomes.
- Inform staff about their post-retraining objectives.
- Talk to your personnel about retraining and get their feedback.