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Employee training is worth the investment

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:

  • One employee less, company’s productivity falls.
  • Sales decline
  • Existing staff may be required to work more hours to get the job done.
  • Morale may suffer.
  • To find a replacement, you spend time and money screening and interviewing applicants.
  • Once someone new is hired, you need to train that person. 

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:

 

  • Training helps business run better.
  • Trained employees will be better equipped to handle all aspects of the business needs
  • Training is a recruiting tool.
  • Training promotes job satisfaction. The more engaged and involved they are in working for the success of the organisation, the better your rewards.
  • Training is a retention tool, Staff looking for the next challenge will be more likely to stay if you offer ways for them to learn and grow while at your company.
  • Training adds flexibility and efficiency. You can cross-train employees to be capable in more than one aspect of the business and job roles. 

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.

 

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