Training: Benefits vs. Costs

from Workforce Central Florida 8/13 enhanced by Peter/CXO Wiz4biz

Nobody is perfect. You are constantly learning faster, smarter and more efficient ways to do your job, and the same is true of your employees. Ongoing training is becoming a popular trend in the workplace to help keep your workforce updated & knowledgeable in your given industry. There are several reasons to engage your employees in ongoing training.

Some of the BENEFITS include:

Better Understanding & Communication. Training exercises can teach employees how to better deal with diversity issues, ethics & human relations. These courses can also teach customer service & inter-personal skills.

Reinforce HR Issues. HR training exercises can reinforce the issues that employees are taught at their time of hire. Sexual harassment, safety, vacation & illness policies need to be examined and refreshed. Employees should be informed of any changes.

Employee Retention. The factors listed above help to keep employees trained, happy & motivated. Training courses are about encouraging communication as well as learning new skills. This communication will help to keep employees vocal about their concerns, which therefore help you to help meet those concerns & retain them..

Some employers Opt NOT to Train their employees for reasons including:

Costs. Many employers view employee training as an unnecessary expense and they fail to see how the initial costs will come back ten-fold [10x] as an investment, through the benefits listed above.

Time. When planning or implementing a training program, it may seem that too much time will be taken away from the daily tasks. You must realize that – in the long run – the time you take with your employees to teach, talk & listen will be greatly beneficial.

Energy. These programs may take a good amount of planning and there are hundreds of companies that specialize in the organization & implementation of these training courses. So get help, pay a few dollars more for a good course and you’ll save in the long run.

Ongoing Employee Training will benefit your company and the individuals working for you. If you take the time to fully evaluate the benefits of employee training, you’ll see that the initial costs are a fraction of the investment that you’ll see in the future. These programs can include anything from Safety to Time Management, Leadership, new Managers, Management of Projects & Meetings.

Comments: Any other ideas on the Benefits of Training vs the Cost?