Training is more than just elevating the knowledge and skills of each individual member of your team for their own personal benefit. There are other lasting benefits to training for your workplace. Applicants today wish for a workplace that encourages growth and development. For some training is almost as important as the compensation package. When companies show belief in personal growth and development employees are more likely to stay for a longer period of time. Proper training also lowers rate of turnover which in turn makes your workforce more productive, enthusiastic and motivated. Providing workplace training for your employees can help you manage risk and raise morale among your team members.