Why should you provide training for your employees?
We all know the old proverb…
“Give a person a fish and feed them for a day. Teach a person to fish and you feed them for a lifetime.” What does this have to do with training and how does it apply to your organization?
The American Society for Training and Development (ASTD) recently conducted a study of over 2,500 companies to determine how training investments affected a firm’s total shareholder return. Using a sophisticated statistical model taking into account a wide variety of variables, ASTD found that training resulted in a significant improvement in shareholder return.
By providing the training, the companies in the study gave their employees the tools they needed to become more productive. That’s just one of the reasons why many CEO’s consider training to be the life blood of their organizations. Here are some of the other reasons why your organization should consider providing training for your employees:
As the ASTD study demonstrates, there is a clear correlation between providing your employees with the training they need to become more productive and an increase in the company’s overall profitability.
Providing employees with up to date training ensures that they will be able to complete their tasks in the most efficient manner possible while providing consistency and quality for the organization.
Increased productivity and higher quality results in a greater level of customer satisfaction.
Providing employees with training allows them to develop their individual skills making them better able to contribute to the overall success of the organization.
Making training available to your employees provides them with the tools to increase their skills and makes them feel more valued by the organization resulting in greater employee retention.
Are you ready for the next step? Good, then start a training program for your employees! For more information on how to go about it, refer to our article on Setting Up a Training Program for Your Company.
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