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Week 8 Topic 1 -- Benefits of Training and Return on Investment Strategies

Week 8 Topic 1 -- Benefits of Training and Return on Investment Strategies

Q Topic #1 -- Benefits of Training and Return on Investment Strategies Companies are looking to cut costs. Unfortunately, some of the first cuts are felt in the training department. If you were a manager of a training division, how would you sell training as an important entity to your company?

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If I would have been a manager of a training division, I would try to convince my company’s owner about the ways in which training can provide impetus for developing new talent. I would try to ensure that I explain about training being a return on investment strategy for the company. This is because there can be existing employees always retrained to become more skillful and efficient. Once existing employees become more efficient, there can always be higher expectations of such employees being more productive with similar efforts made and similar time given to work.