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10 ridiculouslysimple reasons why   Training is so     valuable
why istraining    sovaluable?
Wikipedia says;                             The term training refers to the acquisition of                             kno...
so there…
Ever wonder what theaverage companyspends per year peremployee in training?
The average small companyspends about $900 per employeeper year in training costs.
The average large companyspends about $500.
…or 2% of labor costs,                         www.bnkrsu.com
or about 25to 50 hoursper year peremployee offormaltraining…according tointernationalworkplaceeducation andtrainingstudies.
so???
That amount hasn’t budged in nearly a decade…    in fact it has actually decreased by 17 %.It turns out that few employees...
However, danger signals are looming.Statistics show things are slipping and the proportion of staff who feel their      or...
In a global economy our fundamental ability to compete is based on quality,innovation and niche expertise, becausewe can’t...
…this is suicidal
T h in g s to d o  to d ay …       •Educate       •Mentor       •Develop Skills        •Train  Educating and mentoring tea...
here is why…
Reason #1           Who gets most of           the Training in            organizations?10 ridiculously simple reasons why...
44% goes to supervisors,operations staff and in buildingsales force performance.Another  30%    goes toexecutive, manageme...
Reason #2                 Clear              Correlations10 ridiculously simple reasons why Training is so valuable
There are clear                                              correlations between                                         ...
The message here is clear:Learning in the workplace pays back        more than it costs.
Reason #3             A Learning             Organization10 ridiculously simple reasons why Training is so valuable
Now translate this for your company  What would be the return in $ to your business ifyou increased your customer satisfac...
When you really get this and follow through, you’ll have become a learning organization already.
Reason #4             The Potential10 ridiculously simple reasons why Training is so valuable
Then, add the followingpotential results $ values fromincreased learning:· any increase in employeesatisfaction and retent...
Reason #5           The Classroom10 ridiculously simple reasons why Training is so valuable
The Cla ssroom is still king… in fact, 75%  of trainin g still goes on in the classroom.These are structured events or pro...
Some expertsagree thatobsessive webbrowsing orsimilar – likeonline trainingcan causeattention spansto drop to aslittle as ...
Reason #6             Development             Alternatives10 ridiculously simple reasons why Training is so valuable
It’s now estimated that 42% of thelearning that goes on inorganizations is informal and thetrend is growing.These figures ...
Reason #7                 Retention10 ridiculously simple reasons why Training is so valuable
Ongoing training keeps wheelsturning and has become anessential component ofemployee retention in any jobmarket.Outsourcin...
Reason #8               Driver of              Profitability10 ridiculously simple reasons why Training is so valuable
How effective is training?Organizations that make largeinvestments in people typically have loweremployee turnover, which ...
A second driver is manager proficiency – goodmanagers determine if people stay or go, and thisis also influenced by traini...
Reason #9                  Survival10 ridiculously simple reasons why Training is so valuable
Companies thatfail to invest inemployeesjeopardize theirown successand evensurvival.The key is contributions in human capi...
Faltering U.S. economy has affected the decision for                 businesses to do ongoing trainingHowever, similar to ...
Reason #10              Conclusion?10 ridiculously simple reasons why Training is so valuable
A recent labor relationsstudy showed thatcompanies that investedheavily in employeetraining had an increasein stock perfor...
10 ridiculously simple reasons why  Training is so valuable review     1. Who gets the most out of training?     2. Clear ...
Thank You!   For the full version of this presentation   Please contact us                                        Training...
Spotlight on Business                    John DeGaetano                    For licensing and other considerations         ...
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10 Ridicuously Simple Reasons Why Training is So Valuable

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Presentation explores the value of training in a downed economy coupled by the fact that few employees in general, based on their education are already workplace smart when they enter the workforce.

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Transcript of "10 Ridicuously Simple Reasons Why Training is So Valuable"

  1. 1. 10 ridiculouslysimple reasons why Training is so valuable
  2. 2. why istraining sovaluable?
  3. 3. Wikipedia says; The term training refers to the acquisition of knowledge, skills, and competencies as a result of the teaching. It forms the core of apprenticeships and provides the backbone of content. In addition to the basic training required for a trade, occupation or profession, observers of the labor-market [who?] recognize today the need to continue training beyond initial qualifications: to maintain, upgrade and update skills throughout working life. People within many professions and occupations may refer to this sort of training as professional development.Wikipedia® Foundation Inc. www.bnkrsu.com
  4. 4. so there…
  5. 5. Ever wonder what theaverage companyspends per year peremployee in training?
  6. 6. The average small companyspends about $900 per employeeper year in training costs.
  7. 7. The average large companyspends about $500.
  8. 8. …or 2% of labor costs, www.bnkrsu.com
  9. 9. or about 25to 50 hoursper year peremployee offormaltraining…according tointernationalworkplaceeducation andtrainingstudies.
  10. 10. so???
  11. 11. That amount hasn’t budged in nearly a decade… in fact it has actually decreased by 17 %.It turns out that few employees in general, based on their education are already workplace smart when they enter the workforce.
  12. 12. However, danger signals are looming.Statistics show things are slipping and the proportion of staff who feel their organization is a “Learning Organization” dropped… from 78% in 2002 to around 50% in 2008.
  13. 13. In a global economy our fundamental ability to compete is based on quality,innovation and niche expertise, becausewe can’t win on the basis of low price…
  14. 14. …this is suicidal
  15. 15. T h in g s to d o to d ay … •Educate •Mentor •Develop Skills •Train Educating and mentoring teams, mostly to develop skilled sales people and managers is essential. Small companies who cry out for qualified staff andneglect to train them in career growth are in jeopardy of net productivity and wealth loss. www.bnkrsu.com
  16. 16. here is why…
  17. 17. Reason #1 Who gets most of the Training in organizations?10 ridiculously simple reasons why Training is so valuable
  18. 18. 44% goes to supervisors,operations staff and in buildingsales force performance.Another 30% goes toexecutive, managementfunctions and managementdevelopment.Small companies, because theylack the in-house capabilitiestend to spend a lot more perperson than large companies tocompete in the marketplace.
  19. 19. Reason #2 Clear Correlations10 ridiculously simple reasons why Training is so valuable
  20. 20. There are clear correlations between high performing organizations, those that invest in their employees.These companies also experience higher customer satisfaction and produceproducts and services of higher quality than other companies do.That 20% extra training investment accounts for a 38% increase in qualityand customer satisfaction as compared to medium learning performancecompanies, and a whopping 82% increase as compared to the low learningperformance companies.
  21. 21. The message here is clear:Learning in the workplace pays back more than it costs.
  22. 22. Reason #3 A Learning Organization10 ridiculously simple reasons why Training is so valuable
  23. 23. Now translate this for your company What would be the return in $ to your business ifyou increased your customer satisfaction and quality by 82% That’s your number Divide this by $200 (rule of thumb) per employee and here’s your payback on training.
  24. 24. When you really get this and follow through, you’ll have become a learning organization already.
  25. 25. Reason #4 The Potential10 ridiculously simple reasons why Training is so valuable
  26. 26. Then, add the followingpotential results $ values fromincreased learning:· any increase in employeesatisfaction and retention· any perceived workplaceenvironment benefits· and the effect of otherintangibles like betterrelationships, communication, etc.
  27. 27. Reason #5 The Classroom10 ridiculously simple reasons why Training is so valuable
  28. 28. The Cla ssroom is still king… in fact, 75% of trainin g still goes on in the classroom.These are structured events or programs – classroom workshop s, motivational and s courses, incidental c ales onversations, coach mentoring, “lunch a ing, nd learns” and comm unities of practice.
  29. 29. Some expertsagree thatobsessive webbrowsing orsimilar – likeonline trainingcan causeattention spansto drop to aslittle as nineseconds –equivalent to agoldfish.
  30. 30. Reason #6 Development Alternatives10 ridiculously simple reasons why Training is so valuable
  31. 31. It’s now estimated that 42% of thelearning that goes on inorganizations is informal and thetrend is growing.These figures indicate the increasedvalue of less formal learninginterventions, such as coaching, theuse of advisors and otherdevelopment alternatives and arebringing in considerable results.
  32. 32. Reason #7 Retention10 ridiculously simple reasons why Training is so valuable
  33. 33. Ongoing training keeps wheelsturning and has become anessential component ofemployee retention in any jobmarket.Outsourcing makes it easy,economical and flexible tocustomize training to companyneeds.A specialist can take intoaccount the duration of in-housesessions, review and givetrainees an accurate idea of theirtime commitment, reflectionabsorption, etc. www.bnkrsu.com
  34. 34. Reason #8 Driver of Profitability10 ridiculously simple reasons why Training is so valuable
  35. 35. How effective is training?Organizations that make largeinvestments in people typically have loweremployee turnover, which is associated with highercustomer satisfaction, which in turn is a driver of profitability.
  36. 36. A second driver is manager proficiency – goodmanagers determine if people stay or go, and thisis also influenced by training and development. The education and training variable is the most significant predictor of an organizations success as compared to price-to-earning ratios, price-to-book statistics, and measures of risk and volatility. www.bnkrsu.com
  37. 37. Reason #9 Survival10 ridiculously simple reasons why Training is so valuable
  38. 38. Companies thatfail to invest inemployeesjeopardize theirown successand evensurvival.The key is contributions in human capital management –in things like leadership development, job design, andknowledge sharing.
  39. 39. Faltering U.S. economy has affected the decision for businesses to do ongoing trainingHowever, similar to dried up budgets for advertising dollars as a deadly mistake, training is the one activity that is a necessity.Various sources: Economic Trends and Research Data, Conference Board of Canada, United States, Learning & Development Outlook Report, International Workplace Education and Training Studies.
  40. 40. Reason #10 Conclusion?10 ridiculously simple reasons why Training is so valuable
  41. 41. A recent labor relationsstudy showed thatcompanies that investedheavily in employeetraining had an increasein stock performance ofmore than 20% andtopped the S&P averageby four percentage pointsover a two year period.Conclusion… even learning about learning shows us that we still have a lot to learn.
  42. 42. 10 ridiculously simple reasons why Training is so valuable review 1. Who gets the most out of training? 2. Clear Correlations. 3. A Learning Organization. 4. The Potential. 5. The Classroom. 6. Development Alternatives. 7. Retention. 8. Driver of Profitability. 9. Survival. 10. Conclusion…
  43. 43. Thank You! For the full version of this presentation Please contact us Training – Marketing – Consulting 707-338-2886Copyright All Rights Reserved
  44. 44. Spotlight on Business John DeGaetano For licensing and other considerations Productions Visit our Website: johndegaetanoproductions.com Amazon Author Page: amazon.com/author/johndegaetano
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