Your organization probably regularly invests in a number of items on a planned, budgeted basis. Examples of these items typically include:
- New equipment
- Updating of technology (computer systems, smart phones, etc.)
- Improvements to facilities
But when is the last time your planned, budgeted investments included a significant investment in your people? Common comments on this topic that are heard from employees are these:
“My company says its people are its most valuable resource. If they really meant that, they’d show it by providing
us with opportunities to grow and develop.”
“I can’t remember the last time I received training.”
“When business slows down, the first thing that gets cut is training.”
While making non-employee investments are readily seen as a sound business decision, many employers consider employee training and development as a costly and unimportant expense. Such thinking fails to recognize the benefits of investing in employees an organization gets.
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So what is the Return on Investment to your organization by training and developing your employees? Here are four ways your ROI is achieved:
1. Job satisfaction, employee motivation and morale are increased, reducing employee turnover and related expenses to recruit and train replacement staff.
2. Increased skill and knowledge enables staff to be more effective and more efficient, thereby improving productivity.
“Effectiveness is doing the right things; efficiency is doing things right.”
– Peter Drucker, renowned management expert and best-selling author
3. Better supervisors and managers means better people management, and therefore fewer employee problems/issues and lower legal fees to defend accusations of wrongdoing (for example, sexual harassment, discrimination and wrongful discharge).
4. Developing your senior leadership team members enables your organization to think more strategically and act in a more unified way.
If your organization needs help in designing and delivering training and development programs at the professional, supervisory, managerial or executive level, Trinity’s Team of Consultants can do so on a wide range of topics.
- For more information, e mail Trinity at info@TrinityHR.net or visit our website: www.TrinityHR.net.