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Training Return on Investment - The Real Cost of No Training
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If you think you can't afford the time and expense of technology training, think again and consider this:
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Untrained users take up to six times longer to perform the same tasks. |
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Training enhances employee retention. A Louis Harris and Associate Poll says that among employees who say their company offers poor or no training, 41% plan to leave within a year. Of those that say their company offers excellent training, only 12% say they plan to leave. |
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Studies show that in-house training costs 73% more than outsourced training. |
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A four-year study by the American Society of Training and Development shows that firms who invest $1500 per employee in training compared to those that spend $125, experience on average: 24% higher gross profit margins and 218% higher income per employee! |
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Just a 2% increase in productivity has been shown to net a 100% return on investment in outsourced, instructor-lead training |
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An Independent survey of 1,000+ clients on their experience with formal instructor lead training versus informal, peer to peer, learn-as-you-go training, reports the following:
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