According to the Association for Talent Development*, companies who offer comprehensive training programs have 218% higher income per employee than companies without formalized training.
According to that same Association for Talent Development, companies that offer comprehensive training programs have 24% higher profit margins that those who spend less on training.
According to the National Center on the Educational Quality of the Workforce*, a 10% increase in upgraded equipment produces a productivity gain of 3.4%… On the other hand, a 10% increase in workforce education level produces a productivity gain of 8.6%.
With training, worker engagement goes up, and according to a study by Dale Carnegie, companies with engaged employees outperform those without by up to 202%.
TARGET THE TRAINING:
In a Skillsoft survey*, 70% of workers view training as essential for developing skills that directly relate to their role. 68% felt workplace training was always relevant, regardless of seniority or time in service.
Do more of what you’re already doing: training and developing your employees.
- PROBLEM: Training people takes them away from their work.
- SOLUTION: Short 3-9 minute videos on pointed topics allow quick bursts of learning which employees then put right into action.
- PROBLEM: We’re not sure how to develop a “comprehensive” training program.
- SOLUTION: Follow the lead of the some of the most profitable companies in the industry who have studied this stuff and make good choices.
*URLs to cited surveys are available upon request to