HOW VITAL IS TRAINING?
How important is training investment to manufacturing companies?
An international study conducted by Bo Hansson of Malardalen University suggests that, “the single most important factor associated with profitability is how much is invested in training . . .”
Moreover, a recent U.S. Department of Education study found that by increasing an individual’s training by 10%, productivity is increased by 10%. Compare that to only a 6% productivity increase when adding 10% to workers’ hours and only a 3.2% increase when increasing employee stock ownership by 10%.
“It has become mission-critical for businesses to continuously train their employees. Creating a training program can seem daunting, but there are a few critical steps to take in order to implement simple solutions that can make a big difference in an organization.
Here’s how to implement it:
Going mobile is most likely the best approach to reach your dispersed workforce that has different shifts and hours, whether at company headquarters or on the factory floor. . . . Training that your employees will actually consume and remember should be in streamlined, bite-sized snippets accessible when needed for a particular task — think Just-in-Time learning. . . .
As important as the style of your training is the substance, and that should be centered on safety. At-work manufacturing fatalities have increased recently, highlighting the need to keep your employees aware, cautious and following safety guidelines.
Companies also should teach skills unique to their personnel. One way to do this is to leverage the in-house skills of current leadership. Teach skills from managers, company executives and other leaders who have expertise that employees can’t find anywhere else. . . .
Fostering a culture of learning with strong on-the-job education and training will help to No. 1 ensure proper use of equipment in warehouses and factories; No. 2 increase company productivity by accelerating the ability to gain and share knowledge and skills; and No. 3 retain top talent. . . .
Companies can receive a solid ROI from sufficiently upskilling their employees. And with effective training, the manufacturing industry could remedy its increasing skills gap and receive a major boost in productivity. (“Fixing The Manufacturing Skills Gap All Comes Down To Training” by Jeff Weber, MANUFACTURING.NET)
Properly designed e-Learning combined with a valid Skills Assessment Test is your best answer. And, your greatest returns will come from technology training that is built around full motion video, graphic animations, gaming and optional full audio — because that is the only courseware designed to effectively train the two-fifths of your workforce who are non-reading fluent.
Economically, nothing else makes better sense. You will accomplish your training goals and, at the same time, increase profitability for your company.
Happy Halloween! More on Monday- – –
— Bill Walton, co-Founder, ITC Learning
October 31, 2018
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