Staff training is essential for specific purposes related to any business success. Training that develops employees toward long-term career goals can also promote greater job satisfaction. A more satisfied employee is likely to stay longer and be more productive while on your team.
The cost of turnover of Staff
A recent survey indicates that 40% of employees who receive poor job training leave their positions within the first year. Notes the lack of skills training and development was the principal reason for going elsewhere.
Consider the cost:
It can cost as much as $25, 000, depending on the position, to replace an employee, considering all the time and resources outlaid for this exercise.
Benefits of training Staff
Despite the initial monetary costs, staff training pays back your investment:
Building employees skills makes business sense. It starts from day one, and becomes successive as your employees grow. It may take some time to see a return on your investment, but the long-term gains associated with employee training make a difference. The short-term expense of a training program ensures you keep qualified and productive workers who will help your company succeed.
“You are more likely to attract and keep good employees if you can offer development opportunities!”
Find out about Certificate IV in Training and Assessment.