Check out the article, "Training your way out of the recession," conducted by researchers from the Cranfield School of Management. The full findings will be published tomorrow, but I thought I would provide a few of the highlights.
Effective training can reduce staff turnover and absenteeism, improve motivation, increase productivity, and help boost customer satisfaction.
Three quarters of the 1,189 companies involved in the study felt that training their own staff was more beneficial to their business than recruiting people from outside.
Organizations must focus on nurturing talent if they are to survive, grow and succeed. The continuous development and growth of people is inextricably linked to business performance.
Half the companies discovered that training staff made them more likely to stay.
The full study will be out tomorrow so be sure to look for it.
Cornerpiece Consulting
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