Let’s get right to the point!
It doesn’t matter what kind of business you’re in.
It doesn’t matter how many employees you have.
It doesn’t matter how big or how small your business is.
When times are good, you should be training your staff.
When times are difficult, as they certainly are at this time, you’d better be training!
Training is an investment, not an expense. And organizations seem to fall clearly into one category or the other, and the consequences are evident.
Consider the following facts.
- A person making $50,000 per year who is wasting one hour per day is costing the company $6,250 in wasted salary alone!
- A group of 25 people wasting an hour a day is costing the company $156,250 year!
What would you invest to fix that problem?
How much training could have been provided for $156,250?
How many other problems could have been solved as a result of that training investment?
How could you have otherwise invested that $156,250?
In a study carried out by the International Institute of Management Development, 80% of respondents were unable to quantify the effect of staff development. That’s exactly why the above figures are seldom considered by most organizations.
By the way, training courses, seminars and workshops don’t work. People do. As a facilitator, I know that to be a fact. There is no greater waste than that of human potential and unused knowledge … especially in today’s very competitive and global environment. As a result, we focus on this critical factor as well as the importance of closing the knowing-doing gap as it applies to any and all staff development.
A Chinese Proverb states: “To know and not do is to not know.”
Are you investing in your staff and your future success?
Are you getting a return on that investment?
You might want to give it some serious thought before it’s too late.