7 Ways Soft Skills Online Training Can Improve Your Company's Bottom Line

7 Ways Soft Skills Online Training Can Improve Your Company's Bottom Line
Summary: We often associated soft skills with on the job performance and employee productivity. But your company’s profit margin also benefits from skills-based online training. Let’s look at how this L&D initiative can bolster your bottom line.

How Soft Skills Online Training Can Boost Your Bottom Line

Soft skills are more difficult to monitor because they're tied to real-world performance. As opposed to compliance know-how or task protocols, which can be quickly assessed through quantitative evaluations. Communication, empathy, and work ethic are less tangible and measurable. Unless, of course, you have an effective soft skills online training strategy in place that features qualitative diagnostics and interactive resources. But is it really worth the investment? What benefits can soft skills in the workplace bring to your bottom line? The perks of a winning soft skills online training course extend far beyond employee proficiency and engagement.

eBook Release: Racing The Customer Service Clock: How To Develop Soft Skills Online Training That Achieves Rapid Results
eBook Release
Racing The Customer Service Clock: How To Develop Soft Skills Online Training That Achieves Rapid Results
Discover the benefits of developing soft skills online training and improve employee performance and productivity.

1. Prevent Compliance Violations And Policy Breaches

Compliance breaches can be expensive if you incur penalties or fines. But even company policy violations negatively impact your bottom line. For example, employees are unable to communicate with customers or resolve their issues. The policy states that the item must be returned within 15 days, and it's been 3 months. However, the staffers' lack of soft skills prevents them from enforcing the policy. They can't articulate/sum up the policy to the customer or devise a mutually agreeable solution. Soft skills online training ensures that every member of the team follows the rules because they possess the necessary competencies.

2. Boost Employee Proficiency

Soft skills online training improves employee proficiency, as they're able to develop their talents continually. They also focus on abilities that are key to your organizational processes. Because your online training strategy prioritizes soft skills that directly or indirectly improve your bottom line. For instance, staffers are capable enough to conduct sales transactions and pitch your products. They've learned how to negotiate with customers and actively listen to their concerns. Which contributes to company profits.

3. Improve Teamwork

Soft skills also involve interpersonal abilities that build a stronger team dynamic. They have compassion for their co-workers and can empathize with their situation. They're able to communicate and stay positive in tense situations. As well as resolve conflicts without letting them spiral out of control. These are all ingredients for successful collaboration… and a healthier bottom line. Employees are also more likely to treat customers with respect and show them the same level of empathy. Again, this brings in more profits and keeps customers loyal.

4. Retain Top Performers

Employees expect soft skills online training when they join your organization. At least, to some extent. While certain organizations simply provide onboarding skills-based resources. Others make it an ongoing effort. The latter organizations retain their top performers because they emphasize the importance of soft skills in the workplace. They provide staffers with all the tools they need to be their best on the job. These employee training participants can handle work-related challenges because they maintain positivity and are more self-confident. How does this translate into a better bottom line? You don't have to pay to hire and train their replacements, and your L&D investment stays within the company. In fact, top talent can contribute to your online training program and step into the role of peer coach or mentor.

5. Provide JIT Support To Bridge Gaps

Unchecked gaps lead to a variety of problems for organizations. Especially soft skill gaps that gradually break down your company culture and hinder team building. For example, people misread non-verbal communication to the point that fights break out on the sales floor. However, online training allows you to provide JIT support to address these areas for improvement quickly. Better still, employees can choose resources that align with personal preferences to improve knowledge retention and application. They fill gaps rapidly instead of letting them impact workplace performance and professional relationships.

6. Identify Hidden Talent

Another reason to launch a soft skill online training course is to spot undisclosed talent. Hidden soft skills can benefit your organization and its employees. Some staffers may be totally unaware that they possess a strong work ethic or that they're masters of persuasion. Online training assessments bring these talents to light and allow them to share their experiences with peers. For instance, host a live event or develop online training resources to help others build sales skills. Group collabs are also an effective way to reveal hidden competencies that are lurking among your staff members. Who accepts which role, and how do they engage with their peers? Does someone stand out as the mediator or problem solver? Is there a natural-born leader?

7. Access Valuable Training Data

Lastly, soft skills online training gives you access to LMS data that roots out under-performing assets. Such as tutorials or demos with low employee engagement stats. However, metrics also pinpoint gaps in your strategy that need to be addressed to boost ROI. Such as elements that are missing from your certification paths. Conduct surveys to collect employee feedback and then evaluate the results in your LMS. Charts and graphs highlight patterns that require your immediate attention. As an example, 85% of your employee training participants would like to see more active listening or non-verbal communication demos to improve their customer service scores.

Organizations always look for new ways to stretch their budgets and cut costs without devaluing employee development. Soft skills online training prevents costly violations, improves teamwork, and helps you keep your top talent. Employees master the core competencies to boost on the job productivity and broaden your profit margin. Plus, there's one additional advantage that can't be given a dollar value, self-confidence. Staffers who have all the online training resources they need to develop soft skills can handle everyday stressors. As well as achieve their full potential and avoid common mistakes.

If you need to learn more about the importance of honing soft skills in the workplace, read our eBook Racing The Customer Service Clock: How To Develop Soft Skills Online Training That Achieves Rapid Results and find out all the benefits of investing in your employees' soft skills training.