THE  COST  OF  NOT  TRAINING

0   Training is not a cost . It’s an investment . It really doesn’t matter that what we pay

00  for an investment . What is relevant is what we get in return . One of the easiest

34  ways is to put an organization’s future at risk would be to view training primarily as

35  a cost , and therefore provide with substandard training that operates only as a

36  temporary solution . Many companies attempt to quantify as the results of training. For

37  example , a person paid $50,000 a year who wastes just one hour a day costs the

38  organization between $6,250 per year . So if the organization sends 25 people for

39  training and they all receive the same benefit , this would equal from $156,250

40  savings per year . A few of years ago , training , apart from showing employees

41  what the basics of doing the job , was an optional extra for most organizations .

42  Today this is no longer than the case . If we continue doing what we do in the same way ,

43  most of us and our organizations will become obsolete within the five years . This is

44  because of our competitors are helping their staff to become more effective through

45  training . They understand that if the real price of not training is the company falling

    behind as a result .