Top 4 Reasons Companies Invest in Training
Employee training is a low priority at many organizations, yet it delivers a better cost-benefit ratio than most other methods of increasing productivity and improving bottom lines. The following is an excerpt from a new white paper by ACI Learning featuring the Top 4 Reasons Companies Invest in Training.
Reason #1: To become industry leaders and standard-bearers.
Companies that offer comprehensive training programs have a 24 percent higher profit margin than those that spend less on training.
Reason #2: To address their weaknesses and increase productivity
1 in 10 US adults feel they have sufficient skills to use the digital tools they’re responsible for in their daily work.
Reason #3 Because employees are happier when they're learning
87 percent of millennials and 69 percent of non-millennials indicate that job-related training and development opportunities influence their decision to apply to a position or remain at their current job.
Reason #4: To save money and add value
Training increases efficiency and productivity earning companies more bang for every hour of employee time.
Lean On Training Companies for Better Outcomes
No matter how devoted your company is to employee training, it is not the focus of your business: it will never be your primary concern or your greatest strength, and it shouldn't be. But for a training company, it is their primary concern and greatest strength. Lean on them for support and your training initiatives will produce better outcomes.