Economy, asked by Hectorw134, 7 months ago

It is generally agreed that training employees with new skills is:

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Answered by junaidh47
2

Answer:

Technical or Technology Training. Depending on the type of job, technical training will be required. ...

Quality Training. In a production-focused business, quality training is extremely important. ...

Skills Training. ...

Soft Skills Training. ...

Professional Training and Legal Training. ...

Team Training. ...

Managerial Training. ...

Safety Training.

Explanation:

I think It may be help you

Answered by jana07122002
1

Answer:

Employees are a company’s biggest asset, and investing in talent is vital to sustainable business growth and success. Businesses go through lengthy processes to recruit and hire qualified and suitable staff, but often the emphasis on caring about employees stops there. According to a Gallup study, workgroups that engaged in employee development saw a sales increase and profits double compared to workgroups that didn’t engage at all.1 Dedicated training and development fosters employee engagement, and engagement is critical to your company’s financia.Investing in your staff’s professional development is vital for team retention to the point that 94% of employees would stay at a company longer if it invested in their career development.2 Replacing talent can cost more than retaining the employees you originally had.3 A report from Gallup revealed that 38% of the US workforce is powered by millennials, and in 2025 it is estimated to grow to 75%.4 However the rate of turnover amongst millennials is high – only 50% plan to be with the company one year from now. Gallup estimated that employee replacement costs can be 150% of the worker’s annual salary, or more. Caused by a lack of workplace engagement, turnover costs the US economy $30.5 billion a year.5 The internal economic detriment could be brutal, for both small and large organisations. It’s a costly mistake, and one that can be easily mitigated.

As the business landscape becomes increasingly competitive, improving your team’s performance is imperative within evolving markets. Employee development and training is no longer an additional perk reserved for the C-suite, it’s essential for the growth of your business and the workforce that propels it.

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