Do you want free help setting up your employee training? You've come to the right place.
So, you're looking for free help setting up your employee training. We are going to give you just that, and we are first going to address the “why" of employee training.
According to a study done by Training Magazine in 2001, companies that spent about $273 per employee annually on training averaged a 7% voluntary turnover rate while companies that spent approximately $218 per employee annually averaged a 16% voluntary turnover rate. According to a study of 540 companies published in 1998 by the ASTD, those that invested more in training brought in a 37% higher gross profit per employee.
The studies are crystal clear. Those companies that invested more in employee training made more money.
How does training impact turnover? According to a study done by ASTD in 2003, 41% of employees at companies with bad training intended on leaving within a year vs. 12% intended departures at companies with superior training. Thinking with that, consider the American Management Association's study that found that the average price of losing, substituting and restoring equal productiveness when a valuable professional exits is, on the average, one times salary.
The real cost of poor or no employee training-the cost of incompetence, inefficiency and human error-is stupefying.
Many companies that meet hard times start getting rid of training costs, creating a vicious cycle of inefficiency, reduced revenues and increased turnover costs. This cycle, if not fixed, eventually ruins any organization.
So, why aren't you putting more into your employee training programs? Like most other executives and business owners, you probably don't know where to start. You may even feel overwhelmed by the amount of time and effort that would go into it. That's understandable. If you have searched for companies to do it for you, you've probably found dozens of training companies all hailing their programs as the best and promising the world in ROI, bettered efficiency and productivity. How do you choose one?
Unfortunately, most of the training methods out there don't work.
By “don't work, " I mean they're slow, they don't teach all the data needed to do the job, they don't result in 100% job proficiency and they aren't well accepted by the staff. What they do result in are employees that are confused and unstable, that need a lot of on-the-job training and that make many mistakes. . . factors that cost you substantial amounts of money.
How can I say that, though? Well, not only have we worked with everyone from small business owners to global corporations and have seen all kinds of training methods in action, we've researched and tested many of the popular systems currently available. We've seen the same unworkable systems over and over.
We are different. I know, everyone says that, but I want to prove it to you.
From our research and testing, we isolated they key, workable training techniques and use only those. They are brutally simple. Ingenious, but simple. Einstein once said, “Everything should be made as simple as possible, but not simpler. " This is very applicable to employee training. We found that one of the most crucial facets of workable training programs was the ability to make the complex simple and understandable. We have become experts at this and use an array of training tools to achieve it. One of the best tools is drilling.
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