THERE IS A HELL! - - - IT IS CALLED RETAIL WHY COMPANIES FAIL TO TRAIN THEIR EMPLOYEES

WHY COMPANIES FAIL TO TRAIN THEIR EMPLOYEES

Training is Too Expensive!

We frequently hear that training is too expensive. The real question is this: What is the real
cost of not training your employees? Objectives get pushed back, causing costly delays in
every department.

“An investment in education always pays the highest
returns.”

Too many companies view training as an expense rather than as an investment. All jobs have
a specific deadlines, revenue and service expectations. When missed, what is the real cost?
Customers are frustrated and leave us. It immediately creates more time in meetings with
managers to discuss the situation, provide updates and set new deadlines.
Often companies don’t account for the amount of money that it costs them to hold a
meeting. Given the investment companies make in compensation, this could cost more than
a few thousand pounds per hour of meeting time. The next time you are sitting in one of
these types of meetings, figure out how much each individual is paid to attend the meeting,
the expense might surprise you. With the right training in place, more often objectives are
met and these meeting can be minimized.

High Turnover

Companies are concerned that if they train their employees, the employees will leave the
company. This is simply not true.
Trained employees tend to stay longer with their current employers and get more
gratification from the work they are doing. There are many other intangibles of training. It
improves employee morale and employees feel important in their roles. If training is also part
of the benefits package, it will help attract stronger candidates for employment.

Training Takes Too Much Time from Production

Most training classes and schedules can be customized. Many companies can work around
scheduling challenges and accommodate training and productivity objectives. For example,
rather than have a 5-day (8 hours per day) class, make it a 10-day (4 hours per day) class
over a two-week period.
The employees can attend class in the morning and then work in the afternoon. By using
internal facilitators the training can also personalize training so that it is very specific and the
employees can be trained on exactly what they need. When managers are involved in the
training of employees, they can easily monitor the actions of those employees being trained

dodie ste®eo p®odu©tion ™

Page 1 of 7