There is no doubt that providing ongoing, feasible, job specific, worthwhile, and viable training for new and veteran employees can increase your company’s financial bottom line and provide long-term training Return on Investment (ROI).
When employees observe, hear, and feel that they are worth the time and expense of participating in ongoing corporate or job specific employee training – and the company management projects its commitment towards ongoing training – then employees buy into the Mission, Vision, and Goals of the company.
This is an obvious win-win situation. Conversely, there are many companies and corporations that provide little or no training for new and veteran employees. Basic programs for the mentoring of new employees or On the Job Training are the extent of company training commitment. The underlying issue for company managers and trainers is the C-O-S-T of the training delivery mode investment.
Company managers need to be assured that ongoing employee training is providing a sufficient ROI to the benefit of not only the company, but also the employees. Increased productivity, reduction of scrap materials or waste, and improvements in retaining quality employees all indicate that ongoing employee training is reaping a good ROI; yet, no matter how one looks at the obvious need of lasting employee training, the current U.S. and global economy, and the health of a company’s assets and profits are the primary considerations for company managers.