Employees are one of the most critical components of your organization. There would be no one to push the company’s growth without them. However, to perform to the quality you expect, they must first have access to the necessary knowledge. To put it another way, they must be trained.
There is no getting around the reality that employee training costs are high, yet it is vital if you want to retain talent and maintain a competitive edge.
As per Training Magazine’s 2021 Training Industry Report, the average employer in the United States spent $1,071 per employee on training costs in 2021, which is $40 less than in 2020.
Employees have no reservations about leaving companies that fail to train them. According to the US Bureau of Labor Statistics, churn has increased yearly over the previous decade, and this costs businesses a total of $1 trillion every year.
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