Companies Should Reinvest in Individualized Training Programs

Companies Should Reinvest in Individualized Training Programs

Companies increased spending on training by 10 percent in 2015.

Most will agree that spending on training is a good sign — it means the company is healthy enough to invest in itself and it helps keep employees motivated by promoting from within. According to Bersin by Deloitte’s Corporate Learning Facebook, businesses across the country spent 10 percent more on corporate training in 2015 than they did in 2014, a sign of a strong economy and that companies are working to retain talent.

Companies continue to spend the most on management and leadership training. One of the most effective ways for training in this category — and all categories — is individualized plans for each person’s specific skill sets. Each employee should be trained based on their capabilities and productivity in the organization. Consider investing more in workers who are open to change and full of ideas. Channel their enthusiasm to create a culture of independent, self-paced learners who are willing to handle criticism gracefully and move on to build a better company. 

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