Training and development is an essential part of any company that will allow the business to survive and grow.
Extensive training may also be required to bring existing employees up to speed when companies update systems or when training needs are altered due to external or internal changes. Many vendors that supply training software for different areas within organizations are beginning to offer deep discounts at the end of the year. Some vendors that supply training software are now offering options that provide a superior solution to the dilemma of how to extend the 2014 training budget into 2015 while keeping the training relevant and current. HRIS Vendor Match ServiceWatch our short video to find out how our free match service can help you find the perfect HRIS payroll system solution for your company.Trusted By HR ProfessionalsWe are a proud member of the Better Business Bureau. One of the most important features of your business is your own personal training and development. In the corporate world it has become noticeable how many companies invest heavily in training and development for their employees.
Whatever the size of your business the right training and development is essential to stay ahead of the competition. My business is Internet based and as you can imagine the speed of change within this industry is phenomenal. Having said that there are some companies which have the vision to take the complex and simplify. The Empower Network has managed to be the dominate force in Internet marketing sector as it offers a viral blogging system that’s an effective tool for any business that wants to raise its profile as well as offering first-class training and development.
The Empower Network seems to have got the balance right and is appealing to a global network of marketers.
I enjoy receiving feedback on my blog posts so please leave me a comment below in the box and share using the Social Media icons. PS: You can use the mobile blogging platform I use for absolutely anything type of business that you’re promoting. Twenty-nine per cent of the small business owners surveyed reported that training and development takes budgetary priority over most strategic and operational initiatives. Once an effective training and development program is established and utilized by the organization it can begin seeing increases and benefits in the following areas: productivity, motivation, quality, job satisfaction, commitment (employee retention), and reduced absenteeism. In order to provide the training and development that reaps these many benefits, it costs money, time and other resources. In today’s competitive business world, most organizations are looking at ways to reduce expenses in order to increase profits. Research has shown, however, that when employers invest time, money and resources in their employees with training and development the employees develop a commitment to the organization. In contrast, some employees have been known to say they “saw it coming” before they were fired or let go.
Training and employee development is not just for the employee but is as beneficial to the employer as well.

Roy Barker is Director of Special Projects at Moore Diversified Services, a Fort-Worth, Texas-based organization specializing in operations analysis, marketing development, and investment advisory services.
Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Our Human Resources Blog receives contributions from an array of HR professionals who have a passion for human resources and are knowledgeable in their respective specialties. During some years, companies may require a greater number of new employees to be hired due to cyclical changes, growth, or expansion. Training needs should be continually evaluated and adapted as needed in this rapidly changing world. Training generally cannot be purchased in advance and stored, as can most products and services that are needed for the business to function. This can help companies to use up the last of the training budget for 2014 and invest in a bright future for 2015. Learning credits may be purchased in advance and used to procure training software or spots in training courses as needed. The reason individual companies do this is to make their employees more effective at doing their job and more productive. Some employees actively migrate around different companies to get the training and development.
There’s new ways of doing things and new technologies appearing all the time so it’s difficult to keep up. They consider all the technological factors and integrate them into one simple system that can be duplicated.
Whether you want to raise the profile of your business in the local area or on a global stage then the blogging platform can be used for this as much as it can be used for people who are dedicated Internet marketers. To combat this, owners are investing in training and development to create the employees their business needs to thrive. On average, small businesses spend eight per cent of revenue on training and development, and expect to nearly double spending on training in the future (anticipating and average increase of 7.5 per cent over the next two years). Unfortunately, when training is only looked at as an expense, it can be the first category to go to the chopping block.
Are these positions not worthy of training due to the high turnover or is a high turnover due to the lack of training?
For those employers that view training as an expense, a trade-off for production or just plain wasted time, they may not have an effective training program in place. However, not every year is equal and some years may see a significant portion of the training budget go unused. These employees will all require training in order to become productive members of the company. However, this may cause training costs to spike when swift and monumental changes occur and may cause lulls in training costs during years that relatively few changes occur.

Some companies that sell training programs and software are realizing the benefit in helping companies to easily “roll over” their training budget, however, and are making it easier for companies to extend their 2014 budget into 2015 and beyond. If no monumental changes are expected to occur in the industry or organization, it may be wise to purchase training for the following year while these sales are in place.
These learning credits can be purchased in large or small amounts as desired, which will allow companies to take advantage of bulk discounts without immediately having to book the courses or specify which employees will be attending training. Everything you do in your business and in your life will be governed by the extent of your knowledge. The company that always seems ti be ahead of the competition in this respect is the Empower Network.
It is suggested that businesses need to accurately analyze what these training programs are worth. Research has also determined that with training and development the employee believes the employer cares about the employability of the employee.
In other words, with ongoing training and development the employee does not feel the employer is leaving them to “sink or swim” on their own or that the employer is not “creating” a reason to fire them. Also if an employer’s turnover is high, they may need to evaluate how they train new employees, evaluate existing employees and what programs are in place to develop employees to be productive members of their organization. When the amount that is allotted for training goes unused, it can be counterproductive and harmful for future years in which more training is needed.
However, expecting training programs that are purchased to stay relevant throughout the coming year may be unrealistic for organizations that have a huge basis in technology or other rapidly changing industries.
Companies may find this to be an extremely helpful and efficient way to plan for future success. Everyone has to be open and have a passion for learning as your personal development will be the 'engine room' for all your actions. While most organizations compile data and trends on advertising campaigns, sales department activities, and other activities that they can directly tie to increased revenue, it can be difficult to determine a Return on Investment (ROI) on employee training and development. Sometimes you may have a talented and capable individual but they are just in the wrong position. Employers that are successful in reducing employee turnover embrace training and employee development as a necessary tool to further their organizational goals. Continued training and development, including evaluations, can determine strengths and weaknesses and what persons fit best with various positions.

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