Investing In Your Workforce Could Provide A High ROI

Investing In Current Employees

December 06, 2011

Investing In Your Workforce Could Provide A High ROI By John Vinson While it seems beneficial to simply hire the brightest, most educated, and skilled employees from the beginning, many times this strategy is difficult to pull off. While the job market is dire, many of the most skilled employees are still difficult to obtain. So why not simply invest in the employees you have now, through education, training, and developing skillets necessary to increase productivity? CorporateVoices.org has released a study which details companies which have focused on their entry-level and lower-skilled employees. They've looked at companies such as CVS/Caremark, Johns Hopkins Hospital, and Pacific Gas and Electric (PG&E), who have benefited from this strategy. Here's some of their findings: - There's a high ROI for readiness programs within the workplace. The programs in the report saw a first-year loss of 10 percent, but eventually turned into a net gain of at least 179 percent. Continue Reading

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