Top 5 Reasons to Invest in Employeefinal Training - Slideshow FINAL

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5 Reasons to Invest in Employee Training:

5 Reasons to Invest in Employee Training

Align Training with Business Objectives:

Align Training with Business Objectives Investing in comprehensive training programs provides an opportunity to align your employees, partners, suppliers and resellers to your business objectives to deliver measurable results . These include increased sales, speed to market, quality assurance and customer satisfaction. Delivering consistent training on a global scale ensures that even autonomous departments are aligned to the same critical goals.

Reduce and Eliminate Variability and Risk:

Reduce and Eliminate Variability and Risk The impact of preventable employee error can be staggering. For example, a t least 44,000-98,000 deaths occur in hospitals each year due to errors which could have been prevented. Medical errors cost the U.S. economy $19.5 billion dollars each year. Advanced training programs can identify potential vulnerabilities and take steps to mitigate these risks proactively.

Maintain Organizational Agility:

Maintain Organizational Agility It’s an old saying that the only thing constant is change – and it’s vital that your organization’s training program is able to keep pace. In the automotive industry, for example, pending legislation could raise the fine from $17M to $250M per defect not reported within 5 days. “Agile training” allows organizations to stay ahead of compliance standards such as these and protect the business from potentially serious fines and/or legislation.

Develop Group Emotional Intelligence:

Develop Group Emotional Intelligence Group Emotional Intelligence (GEI) comes from the patterns of behavior or norms that develop as a group goes about its task. Teaching GEI means that everyone knows where to stand, what to do and what the expectations are, so the team remains calm, confident and focused on the situation at hand.

Attract Top Talent – and Keep Them Happy:

Attract Top Talent – and Keep Them Happy The opportunity for continued training and professional development is one of the five most important factors for employee satisfaction and retention. The costs of replacing an employee can range between 1 ½ times of an annual salary for entry-level employees to as much as 4 -5 times an annual salary for specialized, high-level employees. A steep price to pay for not investing in your employees.

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