How to Train Your Offshore Teams as per Your Company Standards1
The estimated market value of the workplace training industry was US$370.3 billion in 2019. This sector has bounced back strongly since sinking to US$244.4 billion in 2009. The reason is that on-boarding training combined with other kinds of skills-enhancement training are standard procedures in most companies for their in-house teams. This article emphasizes the need for adopting the same approach for training your offshore teams. Why Training Is Important For Your Offshore Team A recent article mentions that to optimize your business gains from your offshore team, you need to make them feel integrated with your company. One of the key strategies for achieving that is an efficient onboarding process followed by training plans for your onboarding team. A Forbes council post stresses that training increases an offshore team’s productivity. Numbers also support this claim. Companies that invest in a sustained and comprehensive training program earn 218% more income per employee than those who do not have an ongoing training program. The overall profitability of such companies is 24% higher than their counterparts with no training investment. The need for an ongoing training plan for your offshore team becomes even more critical because of cross-cultural issues. To ignore cultural differences with your offshore team is an epitome of the proverbial ostrich syndrome. To develop an ongoing training plan for your offshore team is the smart thing to do to maximize your offshore ROI.