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training investment Tagged Articles
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Training Helps Boost Return of Investments
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| Many businesses consider training an expense and not an investment, focusing on cutting expenses rather than making their employees competent and productive and then wonder why their business lacks productivity.
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Why Customer Focus Training is a Strategic Investment and NOT an Expense
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| This article makes a compelling case for why training your entire organization to be Customer-Focused is a strategic investment and something that you should do now, before it is too late. It does not matter the size of your organization. By the time you finish this article you will have clear and tangible evidence that failure to act will hurt your business. |
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Other training investment Related Articles
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Business Tips for Securing a Positive ROI on Your Training and Education Dollars
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| Training your employees is necessary to meet and exceed your customers' expectations. Read how these 3 tips may help you achieve a greater positive return on your investment and change your belief that training is a cost. |
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Budgeting for Employee Training
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| The issue of employee training is a contentious one, especially when it comes to budgeting. How much is too much in terms of allocating funds to training staff? Is it an investment or a redundant expense? It seems that business owners around the world are divided on the issue. |
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Simply Speaking Why Many Sales Training Programs Do Not Produce Results
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| With the decline in the U.S. economy, sales training is considered to be one of the few areas within training and development that will experience increased spending. Companies now more than ever before need to increase revenues and the best way to do that is through a well-trained sales team. The bad news, beyond the economy, is that many programs do not work because they do not deliver a positive return on investment. In other words, they fail to produce the results that being:
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Training and the Cost Cutting Dilema during Tough Times
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| Most company executives decide to spend money on training because it's popular, especially when economic times are good. There is a view that it's “good," and it's also something that responsible leaders are “supposed to do” to prepare for the future.
Unfortunately, training becomes the first activity to be cut when times get tough. There is also no objective measure that calculates the business case of return on investment for training.
Actually, training, education and coaching should be the absolute last consideration when investigating cost reductions during difficult economic times. However, continued spending of money on training isn’t the only answer. Training alone will not produce the kind of results that training combined with coaching and education can produce. |
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Why Sales Coaching Really Matters
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| Without systematic, on-the-job coaching post a sales training program 87% of skills that were covered in the sales training program are lost within 30 days
With systematic, on-the-job coaching post a sales training program the return on the sales training program is four fold.
Lesson: Sales training without coaching is a cost liability rather than an investment. |
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Is It Training or Education?
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| The word Training has been used to describe so many activities that the word has lost its meaning and value. In reality, most of the training in corporate America is education. Education provides knowledge but training provides the enhanced ability to perform. Consider this: Which gives the greatest return on investment – Education or Training – when it comes to leadership, teamwork, supervision, coaching sales and service?
Training is the process of bringing a person to an agreed standard of proficiency by practice and instruction. Yet what is actually performed is mostly instruction with little to no practice. |
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Buying an Investment Franchise Business Opportunity
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| An investment franchise is one that normally calls for a solid amount of investment that may involve a while to realize a benefit. You could consider all franchise businesses an investment in one sense since all will require some form of initial investment in order to get started after which you can look to pay it back as the business becomes profitable. |
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Calculating Training ROI
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| When it comes to employee training, there is a lot of ambiguity surrounding return on investment (ROI). Many companies refuse to train employees because of this uncertainty, while others refuse to invest any significant amount of capital in the education of their workers. Others overinvest in employee training and wind up losing money and workers to greener pastures. What is the appropriate level of balance when it comes to calculating ROI of employee training? |
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Is Your Sales Training Missing These Ingredients?
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| The last time you went on sales training, were you engaged in the decision?
How long was the sale training and/or was the sales training ongoing or was it just the flavor of the month?
When or what day(s) of the week was the sales training delivered - during pay time or no pay time?
Did the sales training take your personal sales needs and learning methods into consideration?
Were you able to apply the sales training methods in the real world? Were you encouraged to return for further sales training or to meet with your sales coach and discuss your experience?
Was the sales training based on sales management objectives? |
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I Got an Email: Maximizing YOur ROI on Service Training
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| This article discusses how you can improve your return on investment for service training by describing what you can do to ensure that the training gets embedded into daily life. |
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