Training and development in manufacturing industry organizations can often be put off or relegated to a small line on the yearly budget. While new equipment and technology are funded, training on how to use that equipment and additional skills are not. This can take a serious hit on manufacturing ROI. After all – if your employees don’t know how to use their fancy new equipment and technology – what did you really gain?
Not investing in manufacturing training programs can lead to diminished productivity and quality, in addition to increasing safety issues and concerns. Getting leadership buy-in for manufacturing training can be difficult, so it’s important to prove the ROI of training at every opportunity.
Developing manufacturing training programs to educate your workforce on safety, compliance, communication, and more can help improve employee longevity and lead to stronger outcomes.
In this ebook on determining the manufacturing ROI of training programs, you will learn:
- How to tie training and development in the manufacturing industry to your bottom line
- Formulas for calculating ROI regarding onboarding and productivity
- Best practices for implementing manufacturing training programs that increase ROI