“Employee Training – Upgrading Your Assets”
by Chris Reinhardt, feedlot specialist
“People are our best and most valuable assets.” How many times have you heard and/or said that? It is most likely true; however, we are often too busy just putting out fires to truly invest in that precious resource.
It has been said that organizations invest in what they value, and organizations ultimately only have two resources to invest: time and money. If you truly value your good people, you will invest in them. That will take time, and that may cost money. But that is the price of not only keeping good people around, but in fact making them even MORE valuable.
The selfish motivation for providing ongoing training and career development on the part of management is that you will have more productive employees. This is definitely true, but in addition they will be of greater value to your competitors too, and it may cost you to keep them due to their elevated market value. The good news is, as discussed in a previous Management Minute, organizations who demonstrate their commitment to their employees will most certainly have loyal employees who are very difficult to hire away.
But in addition to getting more productive, loyal employees, you get a higher output, higher efficiency, and higher profile organization. Teams with highly productive people get noticed—both your customers and your competitors will be paying attention.
