HR Management & Compliance

5 Steps to Increase the Payback on Your Training Dollars-HR Daily Advisor-BLR

Here are the steps you need to take to make sure your employee training is always successful and cost-effective:

  • Make training an ongoing process, and reassess training needs frequently to make sure you’re meeting today’s needs, not yesterday’s.
  • Encourage employees to talk about their training needs and request additional training.
  • Provide employees with opportunities to use newly learned skills on the job.
  • Make sure your training is comprehensive, interesting, and interactive, and gives employees the chance to practice new skills in a safe setting.
  • Send employees back to work with learning aids such as checklists, step-by-step instructions, and safety reminders that help them safely and effectively transfer newly learned skills to their job.

Why It Matters:

  • Companies that invest in employee learning have higher productivity, revenue growth, and profit growth than companies that do not.
  • Employee training is a fundamental determinant of customer satisfaction, sales per employee, and market capitalization within an organization.
  • Employee satisfaction with opportunities for learning and development is one of the most important predictors of whether an employee will stay with his or her current employer.
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