Benefits of Training & Development

Were you aware that training and development is an important factor in employee retention? The right employee training, development and education will increase productivity, knowledge, loyalty and contribution to the success of your business. It's an investment that's well worth making considering the pay-offs for everyone involved.

How much are you investing in the professional development of your employees? In 2010, it's estimated that the total training expenditures by U.S. companies was $52.8 billion. The average training expenditure per learner was $1,041, while the average number of hours of training per employee was 40. Companies that make investments in their people typically have lower employee turnover, higher customer satisfaction, and have been found to be more profitable.

Here are some other good reasons for implementing an employee training and development program:

1. Increased job satisfaction/morale among employees
2. Increased motivation
3. Increased efficiencies in processes that ultimately result in financial gain
4. Increased capacity to adopt new technologies/methods
5. Increased innovation in strategies and products
6. Enhanced company image

Simply put, the right investment in training and development, can make your business better. Click here for more information on the training and development services from Eagle Soars Consulting.