The return on investment for developing and training staff is massive
As Benjamin Franklin said, “An investment in knowledge always pays the best interest”. Staff who regularly attend training courses are given the opportunity to develop into more effective employees. They will perform better in their positions, gain a better understanding of their role and build confidence in their jobs.
Employee competence in an ever-changing industry landscape allows your organisation to stay at the cutting edge of your industry. According to the Association of Talent Development (ATD), an effective training program can increase productivity by over 200%! This increased productivity in turn can increase profit margins by 24% against companies without a formalised training program!
Employees will leave a role if they feel they are not receiving the necessary training to succeed in the position. An Go2HR research piece shows that 40% of employees who don’t receive appropriate training to become effective at their job will leave within their first 12 months. To add to this The Chartered Institute of Personnel and Development state that 95% of HR managers responsible for recruitment see continued professional development as a key retention tool.
Middlesex University’s Institute for Work Based Learning ran a long term research program on professional development at work. One interesting finding from their 4000 plus strong sample indicated that 74% of them didn’t feel like they were meeting their full potential because of a lack of training.
Providing a dedicated training space matters
It is important for organisations to have on site training facilities. It promotes training at work and shows staff that training is being taken seriously by your company. With an internal training facility you can more comfortably create bespoke, company specific training programmes for your staff. It is also safer to use sensitive company data that you wouldn’t want leaving the office. Another good reason to have a training room at the office is to make it easier for staff. Less time and money is wasted on traveling and accommodation. Not to mention the cost of hiring the venue!
Different staff members will learn best in a variety of different ways and so a good training program will impart information using a variety of techniques. This needs a well-designed and adaptable learning space. Different teaching techniques will include group discussions, break out discussions, collaborative work, testing and individual learning. It is also increasingly likely that some sort of IT or mobile device based learning will need to take place, so it is important to be able to incorporate that. A study by Capgemini Consulting states that only 10% of employees in the US feel that they are competent enough using a computer to complete all their work tasks. With technology moving so quickly they also highlighted that knowledge gained needs to be updated with more relevant training every two years!
zioxi learning space solutions
At zioxi we can consult on and design your learning space for free before any commitment to the installation. We have industry leading IT integration for tablets and smart phones as well as desktop computers and laptops. We have found it incredibly important for teachers to be able to engage with trainees without the physical and mental distraction that a computer screen can cause. This is why our computer screens are stored out of site. Screens can be accessed at the press of a button, allowing for better trainee, trainer engagement with quick access to IT. It also allows for greater desk space whilst screens are stored.
We also provide agile desk solutions allowing for easily adaptable learning spaces, mobile charging units and charging trolleys for laptops, Chromebook, tablets and smartphones.
For more information on our design service please get in touch:
Ben Franklin was one of the greatest thinkers in American history. And he knew something about wise investments. So it's no surprise that Franklin said that an investment in knowledge pays the best interest. Education matters - and it pays off!
The quote "An investment in knowledge pays the best interest." was said by Benjamin Franklin. The message of the quote "An investment in knowledge pays the best interest" is that dedicating time, effort, and resources to acquiring knowledge and education is incredibly valuable and yields high returns.
The more a man has, the more he wants. Instead of its filling a vacuum, it makes one. If it satisfies one want, it doubles and trebles that want another way.”
Just as investing money wisely can generate future wealth, investing in knowledge and education can lead to personal growth, increased understanding, and improved skills. Franklin believed that knowledge is an asset that can never be taken away and can positively impact an individual's life in various ways.
Investing in knowledge is indeed the highest return investment one can make. It guarantees enhanced earning potential, improved job security, personal growth, increased satisfaction, and superior decision-making skills. Never cease to learn — your best investment is in knowledge.
PRINCIPLES. Moving into his life principles, Franklin tells us that time is money. In this sense, we ought to work hard and never procrastinate, since time is our most valuable and finite resource. He says “Going to bed early and waking up early makes us healthy, wealthy, and wise.”
Long-term certificates of deposit. Overview: Certificates of deposit, or CDs, are issued by banks and generally offer a higher interest rate than savings accounts.
“An investment in knowledge pays the best interest” is a timeless quote that underscores the value of education and learning. It encourages us to see knowledge as a valuable asset, one that brings both personal fulfillment and societal benefits.
Achieving financial literacy can help individuals to avoid making poor financial decisions. It can help them become self-sufficient and achieve financial stability. Key steps to attaining financial literacy include learning how to create a budget, track spending, pay off debt, and plan for retirement.
Franklin became a successful newspaper editor and printer in Philadelphia, the leading city in the colonies, publishing the Pennsylvania Gazette at age 23. He became wealthy publishing this and Poor Richard's Almanack, which he wrote under the pseudonym "Richard Saunders".
In short, the way to wealth, if you desire it, is as plain as the way to market. It depends chiefly on two words: industry and frugality. Waste neither time nor money, but make the best use of both. He that gets all he can honestly, and saves all he can, will certainly become rich.
The most valuable thing in the world is knowledge. Everything else in our lives, money, health, things, love, they can all come and go. They can all be taken away from us. The one thing that no one can ever take from you once you have acquired it is knowledge.
It implies that by expanding one's knowledge and skills, individuals can open doors to new opportunities, make informed decisions, solve problems effectively, and achieve personal and professional growth. The returns on investing in knowledge are not only monetary but also intellectual, emotional, and social.
Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, is consistently ranked among the wealthiest people in the world. But how did he get there? While his investing acumen is unmatched, Buffett believes the real key to success is much simpler: invest in yourself.
Benjamin Franklin was curious about the world around him. He wondered about whether lightening was electricity, about how ocean currents affected traveling ships, and about how stoves could best spread heat and light.
Address: 747 Lubowitz Run, Sidmouth, HI 90646-5543
Phone: +99513241752844
Job: Design Supervisor
Hobby: Digital arts, Lacemaking, Air sports, Running, Scouting, Shooting, Puzzles
Introduction: My name is Delena Feil, I am a clean, splendid, calm, fancy, jolly, bright, faithful person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
Power up circular table for hideaway PCs and monitors
16 to 32 bay Chromebook charging trolleys
