Training and development for employees might be one of the best investments a company or organization can make. People feel valued when they get training that will enable them to do and become more, in their job and in life. Even if the employee leaves in a few years, the investment could still payoff if the employee has a good feeling about the firm. In that case, they might find and refer a proper candidate to replace themselves after they depart.
“Companies have long devoted resources to training and development, either internally or through partnerships with universities and community colleges.
But many companies cut back on programs or cancelled them altogether to save money during the downturn.
That appears to be changing: According to the American Society for Training and Development, U.S. employers spent 36% more on learning and development in 2010 than in 2009. Direct expenditures for learning, as a percentage of payroll, rose to 2.7% in 2010 from 2.3% in 2006.”