Employees want to grow personally and professionally throughout their career. An investment in employee training can bring fresh ideas, improved morale and an increase in confidence. A lack of investment in training can have the opposite effect. In fact, 40% of employees will leave if they receive poor on the job training in their first year.
Consider an employee who is going to work 2000 hours this year. If your training efforts result in a 1% improvement in productivity, that’s 20 hours a year that they’re saving.
If you pay your employee $60/hr, that’s $1,200 saved. Extrapolate that across tens to hundreds of employees and the savings quickly add up.
So far I’ve focused on time saved. But what if the 20 hours saved is then spent working for a customer. If the employee is charged out at $180/hr, the extra 20 hours are worth $3,600. The total of the time saved and additional time billed is $4,800. An increase that both the employer and customer will value.
To learn about the big impact little bites of learning can have, download our microlearning white-paper.
