This is a question we get asked A LOT! More and more data is showing that training has high return on investment and is key to business growth. So we’ve compiled the stats.

 

Did you know?

7/10 people say training & development opportunities influence their decision to stay with a company

 

A survey of over 2500 businesses by the American Society for Training and Development found that companies offering comprehensive training have:

218% higher income per employee than those with less comprehensive training

24% higher profit margin than those who spend less on training

6% higher shareholder return if the training expenditure per employee increases by $680

 

Investment in onboarding through good training is key to keeping employees: the cost of losing an employee in the 1st year can be up to 3 times the person’s salary [3]

 

A recent PWC report on millennials and reshaping the workplace found that the opportunity for personal development (i.e. job-based training) was the highest ranking reason for millennials to accept job offers, with 65% choosing roles based on this

 

References:

http://info.shiftelearning.com/blog/statistics-on-corporate-training-and-what-they-mean-for-your-companys-future
http://www.huffingtonpost.com/emad-rizkalla/not-investing-in-employee_b_5545222.html

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