Many employers are concerned about lost production time and
disruptions to business activities while employees are away training.
They need to look past the short term inconveniences and see the
longer term benefits of staff training.
Training results in higher returns than many other types of
investments such as capital equipment or new technology.
There is a strong body of evidence pointing to a positive
relationship between training & Productivity
This evidence can be seen below as :
- Educated employees are likely to bring new ideas and increased creativity into the workplace
- An MPI (Manufacturing Performance Institute) study of 1,000 manufacturing companies found that the median revenue per employee went up $31,000 with an effective supervisory leadership training program
- An ASTD (American Society for Training and Development) study found companies offering detailed staff training enjoyed a 24% higher profit margin than those with less comprehensive training.
- Continuous learning especially with new technologies helps in gaining and maintaining a competitive edge in Business.
- According to the ASTD, businesses investing in training have a higher income per employee of up to 218%
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The University of North Texas and Wayland Baptist University found that manufacturing firms that implement solid leadership training programs average a 21% increase in productivity.
From the above facts we can see that there are intrinsic and measurable benefits associated with having a well-educated and highly trained workforce.
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