Should employers invest in training their employees?
Is it a wise investment if an employer uses his or her capital to invest in training his or her employees?
Most definitely - I just designed an onboarding program for my company, and part of the presentation identified the cost to onboard and train people, and the savings for the company each year vs. the cost to continue replacing people who are not trained, who don't know the company and are unproductive.
Does this question mean all learning is brought to the workplace from elsewhere? Firstly, where would procedure and policy play without being trained on that? I am not sure what today's numbers say. When I did auditing the general rule for employee turnover was an initial loss of three months for a minimum wage 'entry level' employee due to training. That is considered an investment rather than a loss. The goal is receiving a Return on Investment through employee retention, effectiveness, and efficiency.
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