Why Should Your Company Invest in Training?

By Gary Hill on Thu, 2006-10-19 11:25.

You have to do management training because people need to understand the leadership function of the company and the business it is in, and to develop people for future promotions.

You need to do technical training because people need to keep up with technology.

You need skills training because people have to keep up with the changes in the processes of work.

You need to do interpersonal skills training because people need to work well together and they face the customer and possibly become managers.

You need to do customer service training because customer loyalty and repeat business can be lost in one bad experience, and a new customer is expensive to get.

You need to do productivity training because the costs associated with “not getting it done” are very high – and the cost of “getting it done at any cost” is WAY too high.

You need to do safety training because it is regulated.

You need sales and marketing training because the payoff is very high and because product knowledge is at the core of that.

There are a lot of company-specific kinds of knowledge that is difficult to buy – you have to get it made for you and made correctly for your audience.

This all means…

Companies must either invest in the company human capital value chain and continuously build competency or lose competitive advantage. Either drive the truck or serve as road kill.

When employees perceive that their company would rather churn their workforce instead of investing in their performance and competencies, their attachment to the employer is tenuous and their commitment to performance erodes.

All of these issues, and more, are part of a successful training and development program.

For tips to effectively train your people and streamline your organization, and for other solutions to your staffing challenges, visit www.califprofdevel.com. Sign up for your free newsletter at www.quicktrainingsolutions.com to make your HR training and development life easier. Gary Hill, President and COO of California Professional Development, designs and delivers innovative and effective training solutions for businesses.