Well-Trained Employees Increase Profits

Source: Accounting Today

If you want to improve your firm's productivity and profits, you may need to increase your employee training. Gartner research indicates a direct correlation between training and productivity. Firms often provide the necessary training for required continuing professional education but neglect to teach employees “soft skills” in areas such as leadership, communication, and relationship management — critical skills any employer hopes to have in an employee.

It may be difficult to invest time and money in soft skills training, which provides long-term benefits but not overnight results. Keep in mind that, according to the author's model, a practice of ongoing training and employee development can increase each full-time employee's ability to generate revenue by as much as $12,000-$15,000.

For tips on how to develop a training program for your firm, read the complete article, “Boomer's Blueprint: Preparation precedes profits.”

From Accounting Today, June 21, 2010, SourceMedia Inc., One State Street Plaza, 27th Floor, New York, NY 10004, 800-221-1809.