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Companies spend a lot of money on employee training. American companies spend over $90 billion annually on employee training. The average cost for training and development per employee is around $1,250, but there are, of course, huge variations depending on role, company and industry. When turnover is high, as is increasingly the case across many […]
Whether or not your company offers formal training, your employees are being trained on how to do their jobs. The problem is, they might not be learning to do their work the way you want it done.
In yesterday’s Advisor, we gave you 10 reasons that training is a good investment to help you make the business case for training. Today, we show you how to prove the value of your training with return on investment (ROI) analysis.
Training is often perceived as a soft science. But to train better and to get more funding for training, consider doing it “by the numbers.” These days, business is increasingly ruled by numbers. But there are some things that can’t be quantified, right? Like how the human mind can be affected by training. Not so, […]