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Whether training is perceived as an investment or expenditure depends entirely on the individual's point of view. However, it is generally accepted that training is an investment - which pays dividends, on a daily basis. Is this true? Let's find out.
Training is an endeavor undertaken by a business to develop new skills or to enhance the existing ones in its primary staff. Training is more often give to staff and managers, but it can be utilized with customers and suppliers too. The ultimate aim of training is to facilitate a better understanding of the essential concepts in the employees so that they can actively participate in conducting the various activities in extended areas of the business enterprise.
There is always a delay experienced by a business between the time of investment in training and time when the benefits are realized. This delay varies in duration depending on the kind of investment and the scale of the training undertaken. Training is a long-term investment which will rarely pay off immediately; usually the real difference becomes apparent with time. The returns on training endeavors are not realized at any single point in time - they pay off daily, therefore they are regarded as "Dividends".
Training dividends are not directly measured in monetary terms, but can be noticed in terms of:
So finally, we have found that training is definitely a dividend driving activity! If you want to ensure that healthy dividends are always realized from training, you should conduct every aspect of this training with a decisive aim in mind.
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