WHY TRAINING
Importance of Training
Benjamin Franklin once said “an investment in knowledge pays the best interest”, and we think Mr. Franklin got it spot on. Training isn’t something that’s ‘nice’ to have in your organization. It’s an absolutely vital part of a company’s long-term investment and growth strategy. Training is an integral part of workforce development and organizational growth. The need for effective employee learning and development feeds a thriving industry that focuses on providing business organizations with training programs and services.
Recognizing the positive impact brought by training on employee performance and organizational competitiveness, United States-based organizations allocated an average of 11% of their budget on employee training and development (Freifeld, 2018). According to Berkley and Kaplan (2019), having an employee-centric approach to business is instrumental to the success of the whole organization. Training and development, however, is most effective when implemented strategically, which involves content development, method of delivery, and integration of technology (Harward & Taylor, 2014).