Think HBR

Staff training - does your business need it?


Paul Siderovski
Sidcor Chartered Accountants

If your business isn’t growing, it’s dying.

Staff development is one of the most important foundations in evolving and growing your business. If your staff have the right tools, the skills and the knowledge to do their job and do it well, your business will thrive.

So...where do we go wrong?

Many companies only focus on the ‘here and now’, some are stuck thinking “it’s always been done this way”, and others, well they just don’t have the time or money to invest in staff development.

But how does taking the time to train your staff help your business grow?

1. Open the Door to Technical Education

Employees are more productive when they feel confident in their job. If you invest time to provide staff with technical and educational training, they will feel more versatile and more valuable in your company. It can be done on the job or outsourced. Employees WANT to grow professionally and want to be a part of helping your company succeed.

2. Get experts to help with Personal Development

Provide personal development sessions to open their minds, offer new perspectives, listen to what they value and show how your business aligns with those values. Use external experts to focus on communication and frameworks that instill “responsibility” into the workplace.

3. Quality is Everything

As the quote goes “The CFO asked: What if we invest in our people and they leave? To which the CEO responded: What if we don’t and they stay?” Investing time, resources and interest in your employees will help you reach a level of mutual understanding and respect for your collective vision. Training has the power to inspire the ambitious, but also draw attention to the ‘bad apples’ who might not be completely on board.

Do you want to know more on how you can invest in your staff? Email me now at


Paul Siderovski2 Paul Siderovski

The founder and Managing Director of SiDCOR Chartered Accountants, has 21 years experience since starting as a chartered accountant with PricewaterhouseCoopers in 1995. Paul started Newcastle-based SiDCOR in 2002. Paul has a Bachelor of Commerce from the University of Newcastle and is a Member of the Institute of Chartered Accountants and the Taxation Institute of Australia as well as the National Tax and Accountants Association.