You are only as strong as your weakest link – a saying that can be applied when thinking about your company’s current performance and its potential. Training programs are a way to invest in your people to ensure that they have the knowledge and tools needed to perform their best. When your people learn how to work smart and efficiently, you will see return on investment.
Here is why you will maximize ROI from training:
Training is an effective tool in teaching your employees how to stay productive.
In fact, a study conducted by the National Center on the Educational Quality of the Workforce (EQW) of over 3,100 U.S. workplaces shows the value of training in regards to productivity enhancement.
The study found that a 10 percent increase in workforce education levels resulted in a total productivity gain of 8.6 percent compared to an equipment value increase of 10 percent, which only led to a 3.4 percent gain.
Blended learning is a powerful way to improve the effectiveness of online learning, ultimately leading to process efficiency.
Training is a catalyst for ridding your company of outdated processes and inspiring a problem-solving attitude throughout your organization. Data from the Harvard Business Review reveals that outdated processes can cause your company to experience a productivity capacity loss of over 20 percent.
Toyota, one of the pioneers of Six Sigma, uses a bottom-to-top strategy when assessing and defining new processes. As outlined in this Harvard Business Review article, they engage worker participation in process improvements. By empowering their front-line workers to spot problems and suggest improvements, Toyota’s organizational goals are implanted where the real work of the organization takes place.
When front-line people are closer to the work, process improvement training will equip them with the knowledge and toolset needed to propose new and improved processes and procedures.
Today's businesses value productivity, quality and solid structure to enhance customer experience and optimize processes. Achieving these goals requires more than motivational tactics to maximize ROI – you need comprehensive training. Data backs training as a foundation to achieve your productivity goals and to maximize ROI.
To learn more about our blended learning solutions, schedule a demo today.