How Important Is Training Employees?

Filed in archive Training on November 3, 2006

According to "Lack of time, money derail small biz training plans" at ITWorldCanada small business owners stated that training is important but a pain.

Thirty-six per cent of entrepreneurs polled by the survey - sponsored by Mississauga, Ont.-based Microsoft Canada Co. - said shortage of funds is a major obstacle to providing training. Another 33 per cent blamed lack of time.

In the article a Microsoft executive stated that small businesses spent $900 per year per employee on training. How much do you spend?

Apparently the Ipsos-Reid poll focused on technology and skills training. Depending on what the survey defined as 'skills training' there is usually a direct payback in increased confidence, productivity, and profitability as employees skills grow.

What has been your experience? What training do you do? Is it profitable? If not, why not?