FIDI Focus has launched a white paper examining the return on investment (ROI) of staff learning.
The free document – Measuring the value of training – draws on international research on the impact of employee development on business performance and staff retention, and features FIDI Affiliates’ own experiences of the benefits.
The white paper examines often-cited obstacles preventing companies from investing, including tightening budgets, time away from day-to-day operations and concerns that staff may leave despite receiving training. However, it argues that the benefits are far greater, including staff needing less supervision, making fewer mistakes, becoming more confident and having stronger management skills.
Contributors to the report highlight the fact that, while assets such as buildings, trucks and technology can be replicated by competitors, well-trained people cannot. They discuss the costs of not investing, including compliance failures, customer claims and the loss of experienced employees.
‘This paper brings together research from several countries and the experience of FIDI Affiliates. Both point in the same direction: companies that train their people perform better and keep their staff longer,’ said FIDI President Cedric Castro in his foreword to the report. ‘Before you reduce your training budget this year, think about what it would cost you not to invest.’
The paper also looks at how FIDI Academy programmes support the development of industry-specific skills, building networks and supporting long-term career progression.
The FIDI Focus ROI white paper is available in two formats, directly online.
Or download a PDF of the white paper here: