Effective training builds revenue
March 4, 2013 Leave a comment
I found this post this morning and thought It was really worthwhile sharing with you all.
Originally posted on taranevenmrt:
There are significant benefits to building a training culture within your organization as well as committing to a long term and consistent training strategy.
Training isn’t about just about core skilling; it’s also about developing people and building a more sustainable, less risk susceptible organisation. Research has identified that not enough businesses are investing in professional development for their staff. A white paper compiled by the recruitment company Hays reveals that only 67 per cent of businesses are dealing with the skills shortage by training existing workers. Just over half of the employers surveyed rated training as the best way to deal with the problem, yet Hays considers professional development a key strategy in the fight.
Most organizations find it easy to cut the training budget. But over time these decisions reduce workforce productivity, and there’s nothing more expensive than employees who do not have the skills to do their jobs well. Remember that training is also an engagement and retention tool, it brings people together into a common culture.