Monday, 25 April 2011

Investing in your staff will improve productivity and save you money

According to research carried out by Cransfield School of Management, investing in training not only saves money but is more effective than shopping around for new talent. A report titled 'nurturing talent' is the first to compare the impact of recruiting externally with that of developing employees. Three quarters of the 1,189 companies involved in the study felt that training their own staff was mroe beneficial than recruiting people from outside.

Half the companies discovered that training staff made them more likely to stay. One-third found it increased staff motivation, and actually half saved money in the process. It makes sense that money spent on headhunters, recruitment firms and time-consuming selection processes could often be spent on existing staff.

This also helps with staff retention as staff are more likely to stay if they are being developed. They are more commited and are more likely to go the extra mile if they feel the company is helping them expand their skills. PIPER IT provides e-learning solutions for businesses, enabling staff to learn new skills around their current commitments and increase productivity in the work place.

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