Effective training builds revenue

I found this post this morning and thought It was really worthwhile sharing with you all.

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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…

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About pauldrasmussen
Paul Rasmussen is one of Australia’s most widely read Vocational Education and Training Commentators. He provides deep, unbiased analysis and insights not only on topical issues, but also on the underlying structure and policy which supports the industry. His writing and analysis has been praised for its uncompromising and thought provoking style and its ability to focus on the issues of real importance to the sector. He has advised various government departments and ministers, training providers, public and private organisations, not for profits and small to medium enterprises on the VET sector and the issues and opportunities facing it. He is one of Australia’s most awarded learning professionals and a regular speaker at a range of conventions and forums. His extensive experience in vocational education, and learning and development coupled with formal qualifications in philosophy, ethics, business and education management allow Paul to provide a unique view of the road ahead and how to navigate it.

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