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Why Should you Invest in Employee Training & Development

Why Should you invest:

  • Usually, there is a gap between CEO’s Vision and his executives (1st line of direct reports to the CEO) and the middle management. This gap should be filled with new knowledge, management skills, best practices, tools, and techniques.
  • Investment in employee training and development helps employees in transforming CEOs vision to realty and profitability.
  • Harvard Business School research has shown that training can enhance employees’ capabilities, talent, and business growth.
  • Employee training and development provide high-potential and rising star employees with new management and leadership skills that can result in high business growth and profitability.
  • Executive and management training enhance employees’ knowledge, capabilities, communication, analytical, and problem-solving skills, which lead to better decision-making and enhances their leadership capabilities.
  • Better decision-making and leadership skills of executives and the middle management result in high efficiency for the business and customers.
  • Business efficiency leads to higher productivity that results in innovation.
  • Innovation leads to competitive advantage, which results in happiness at work, high morale, and motivation of employees.
  • Several research studies have shown that having talented and motivated employees are key differentiating factors between highly successful and low performing companies.
  • Talented and motivated employees lead to employee job satisfaction, which results in employee loyalty and retention.
  • Employee loyalty and retention lead to better customer service and happy customers, which lead to business growth and high profitability for your business.
  • The “100 Best Companies to Work For” of Fortune magazine spend about 7% of their payroll on training. The Return on Investment (ROI) can range from 30% -to- over 100% in a 3-year period.
  • Thus, companies must invest in their employees training and development for long-term sustainability, competitiveness, growth, and profitability.
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