What’s the Value of Training, Anyway?

value of training

Training your workforce costs money and that’s why it’s easy to put off. Company managers may view training as non-urgent because leadership development and people skills training are not like payroll or the electric bill, which have to be paid. So you may wonder what’s the value of training, anyway?

According to Gallup, skills-based development results in a 9% to 15% increase in engaged employees. People like to grow! Professional development also contributes to a 14% to 29% increase in profits. Organizations like to grow, too! Get leadership development and training services to enhance your people’s skills, performance, and morale. It will improve your workplace culture, too.

The investment in training and development can yield a high return. What would be the value of training if it improved your team performance by 1%? Or 3%? Or 5%? Use this Training Value Calculator to find out the monetary effect it can have on your company. Just enter how many employees you want to train, an estimate of their annual income including benefits, and project a percentage of performance improvement as a goal. The Calculator will reveal the value of training your people!

You’ll see how the training yields much more than it costs. And that extra money drops right to your bottom line. You’ll wonder why you’ve put it off so long.

Whether you hire a professional trainer or conduct training sessions yourself, your company will benefit in more than monetary ways. You’ll see improved teamwork, less office politics, greater employee loyalty, better customer service, and fewer discipline problems. In other words, it will make your life easier. You haven’t peaked yet!

Give your people wings and your business will fly. We provide LIFT. Contact us to find out more.

Give your people wings and your business will fly. We provide LIFT. Contact us to find out more.