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The Secrets To Why Top Australian Companies Invest in Training

It pays to train! Training is an investment in the immediate future. It’s not just an overhead cost! As well known American seminar speaker, Tom Hopkins is oft to say, “No train … no gain”.

High performance businesses are twice as likely to train the owners and managers and to train twice as many employees as low performance businesses.

No matter what the industry, or the size of your business, both international and national research shows that training brings direct benefits to business –

Increased:

  • performance
  • profits – a positive return on investment – of more that 30 per cent – “money in the bank”
  • productivity – greater output. People who receive formal training can be 230 per cent more productive than untrained colleagues who are working in the same role- opening a greater share of the market, or expanding it by improving products, services and reputations.
  • staff retention – which is a significant cost saving, as the loss of one competent person can be the equivalent of one year’s pay and benefits. In some companies, training programs have reduced staff turnover by 70 per cent and led to a return on investment of 7,000 per cent.
  • accuracy and efficiency
  • good work safety practices
  • customer service and satisfaction
  • staff morale and satisfaction
  • ‘soft skills’ such as inter-staff communication and leadership
  • time management.

Also decreasing:

  • wasted time and materials
  • maintenance costs of machinery and equipment
  • recruitment costs through the internal promotion of skilled staff

The decision to spend dollars on training is similar to any other business decision. The fundamental question should be:

Will I get more back in increased productivity, quality of life and/or enjoyment than the actual cost of the training?”

If the answer is “yes”, the decision to proceed is obvious.

For more information about career and success, Contact Us at Global Training Institute. At GTI we are passionate about helping people succeed and achieve their career and life goals. GlobalTraining Instituteis aRegisteredTraining Organisation and offers accredited online training in the areas ofManagement,Business, Civil Construction,Local Government, Governance, Mining, LeadershipandProjectManagement.

View our full list of qualifications and short courses.

For more information about online training, career advancement and success, please Contact Us, or email dir@globaltraining.edu.au and call Power1800 998 500 FREE.

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