Better Training = More Company Profits

How do employees and employers feel about training in their organizations these days? had an article by Lorri Freifeld with some interesting statistics.  Here is what it says:

How do employees and employers feel about training in their organizations these days? According to an Economist Intelligence Unit survey of 252 business executives and public sector workers from the U.S. and the UK conducted on behalf of Promethean:

  • Out of the 54 percent of U.S. respondents, 64 percent think their organizations should offer more training and update existing programs to help job seekers in their home markets.
  • Nearly two-fifths (37 percent) of U.S. respondents say current training at their organization is not good at improving innovation among employees.
  • Some 79 percent of U.S. survey respondents believe job seekers should be doing more to develop their skills. Nearly two-thirds (64 percent) think local, large businesses, and educational institutions need to increase efforts to advance workers’ and job seekers’ abilities over the next two years. Some 62 percent of U.S. employers feel this is also true of central governments.
  • Some 22 percent of those surveyed from the U.S. say a more efficient and better-trained workforce would lead to an improvement by 20 percent or more in profit. Employee productivity could improve by 5 percent or more, according to 90 percent of respondents.

These are fascinating numbers and we thank Training Magazine for the work they do in providing the latest and greatest information on Training in the corporate world.

Posted on October 19, 2012 at 9:57 am

Categories: ClipTraining, CT Insights

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