Benefits Of A Staff Development Programme
On average it may cost a company anywhere from eight thousand to twenty thousand dollars to hire a new employee. A staff development programme is a great solution to mitigate costs of recruiting screening training and lost productivity that can add up quickly for businesses acquiring new talent. What is staff development? There are numerous instances when a company may contemplate attracting new people to the organization. There may be significant changes in a process or technology that allow for a reduced or more highly educated work force. A business may need workers with skills not necessarily related to its traditional industry that it does not already have. A company may also need to provide its workers with continuing education such as in fields of real estate finance insurance and other service-based industries. Finding workers to fill these positions within a company may mean costs at both ends such as to buyout aging workers and recruit new ones. Staff development involves the re-training or improvement of existing workers. For instance when a book printing facility acquires new and more technologically advanced equipment it may be more cost effective to re-train current workers on how to maintain and operate the equipment as opposed to laying them off and hiring new ones. Low Turnover and Employee Enrichment Turnover is a very expensive practice for many companies when considering the costs of a bad hire. Employees leave businesses for a variety of reasons including no perceived opportunities for advancement management that does not Read more »
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