19 Nov Is Training Expensive ?
Many of us in corporations consider training to be an expense. It is those who know its an investment and consider it important, get their companies to a higher level of performance.
Come what may, it is the people in an organisation that matter.
A person is a person through other people.
I am because we are.
Success comes from shared experiences.
We know this but decide not to do anything about it.
I have attached an article that appeared in Accent 2 weeks ago. It highlights a recent survey in India that shows that of all factors that people consider when deciding to stay or leave a company, Training opportunities now stand at # 3, after Career growth and Basic pay. When we interact with groups from companies, we find that employees hold the fact the company sends them out for training in high regard. They want it. They look at opportunities of self development, self discovery and professional competence.
I often ask a HR rep or a Function Head, how much do you think is the improvement in team performance after a training programme like ours. The answer varies generally between 10 – 20 %. I tell them lets assume its only 2%. Whats the company’s turnover? Answer – Rs 1000 crores. So this training can result in an increase in productivity by 2% of Rs 1000 crores. Thats ur ROI.
Its high time that companies deliberately decided on the training interventions needed .