Making the Case for Training

Here's an interesting article about the benefits of training for the bottom line.

An excerpt: "Research firm Bersin & Associates has found that organizations that consistently spend within 10 percent of the industry average on training per employee are, on average, 12 percent more profitable over a four-year period than those that spend below these levels.

Although the authors had 2007 training data on a very small number of banks, they say it appears training expenditures were a very strong predictor of stock prices even during last year’s market turbulence.

The paper concludes that training may have its intended effect of better corporate performance. Budgets for employee development also may indicate whether a firm is focused on the long term, Bassi and McMurrer argue. And training expenditures may act as a “window” into a firm’s future financial health, they say. "

For the complete article click here.