{"id":3011,"date":"2022-02-01T00:00:00","date_gmt":"2022-02-01T06:00:00","guid":{"rendered":"https:\/\/idesaa.com\/blog\/make-training-projects-profitable-for-your-company\/"},"modified":"2023-01-14T14:46:07","modified_gmt":"2023-01-14T20:46:07","slug":"make-training-projects-profitable-for-your-company","status":"publish","type":"post","link":"https:\/\/idesaa.com\/blog\/make-training-projects-profitable-for-your-company\/","title":{"rendered":"Make Training Projects Profitable for Your Company"},"content":{"rendered":"<p><span style=\"color: #000000;\">Training has become an exceptional way to design and implement profitable solutions for business challenges.<\/span><\/p>\n<p><span style=\"color: #000000;\">Here are some examples of how training solutions make companies more profitable:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">By having greater knowledge of the product or service, the commercial team sells more. <\/span><\/li>\n<li><span style=\"color: #000000;\">By being more familiar with new legislation (or changes to the law), companies comply with legal requirements and avoid risks, sanctions, and fines.<\/span><\/li>\n<li><span style=\"color: #000000;\">By ensuring that people follow or learn new processes in the company, fewer jobs will have to be redone and fewer resources will be wasted.\/span&gt;<\/span><\/li>\n<li><span style=\"color: #000000;\">By having bosses who treat their employees better, companies will have lower turnover costs. <\/span><\/li>\n<li><span style=\"color: #000000;\">By having employees who say the right words at the right time when talking to clients, the repurchase rate will rise.<\/span><\/li>\n<li><span style=\"color: #000000;\">By increasing the amount and quality of work per person and gearing it at the right objectives, work productivity rises. <\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">Once the investment in training and its benefit are quantified, profitability will need to be calculated. <\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>Investment in training: <\/strong>The <a href=\"https:\/\/idesaa.com\/blog\/why-invest-in-talent\/\" class=\"enlaces-articulo\" target=\"_blank\" rel=\"noopener\">cost of training each person<\/a> times the number of people. <\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>Measuring the benefit: <\/strong>It\u2019s necessary to measure how what is learned applies to the reality of daily work and then quantify the training\u2019s impact on the business performance indicators. For example:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">How much do sales go up?<\/span><\/li>\n<li><span style=\"color: #000000;\">How many sanctions or fines no longer need to be paid? <\/span><\/li>\n<li><span style=\"color: #000000;\">How less often does work have to be redone? How much waste is avoided?<\/span><\/li>\n<li><span style=\"color: #000000;\">How much does turnover decrease?<\/span><\/li>\n<li><span style=\"color: #000000;\">How much does the repurchase rate increase?<\/span><\/li>\n<li><span style=\"color: #000000;\">How much does work productivity go up?<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\"><strong>Return on investment: <\/strong>Finally, the profitability of the training will be calculated by comparing the benefit to the investment. <\/span><\/p>\n<p><span style=\"color: #000000;\">It\u2019s worth highlighting that benefits can be calculated more directly when the training is geared at improving specific jobs in the work environment. Or, this is also true when it\u2019s geared at implementing something new, for example, policies, requirements, information about new products, etc. That\u2019s to say, benefits are clearer when people receive new instructions or knowledge about their job and practice as necessary in order to apply them. <\/span><\/p>\n<p><span style=\"color: #000000;\">The training we offer the company\u2019s employees has the mission of becoming one of our primary means for producing high rates of profitability for the organization. <\/span><\/p>\n<p><span style=\"color: #000000;\">The process of <a href=\"https:\/\/idesaa.com\/blog\/make-training-and-development-a-great-business-deal-for-your-company\/\" class=\"enlaces-articulo\" target=\"_blank\" rel=\"noopener\">measuring the training\u2019s profitability<\/a> provides additional benefits that go beyond a return percentage, as it helps us design training programs in an organized and planned fashion.<\/span><\/p>\n<hr>\n<p><span style=\"color: #000080;\"><strong>About the author:<\/strong><\/span><\/p>\n<p><span style=\"color: #000080;\"><strong><img loading=\"lazy\" class=\"wp-image-506 alignleft\" src=\"https:\/\/idesaa.com\/blog\/wp-content\/uploads\/2018\/05\/ReneMena.png\" alt=\"Rene Mena Seifert\" width=\"99\" height=\"99\"><\/strong><\/span><\/p>\n<p><span style=\"color: #000080;\"><strong>Ren\u00e9 Mena Seifert <\/strong><\/span>is the creator, founder, and CEO of IDESAA, TRUE e-Learning, and Foro Pro-Talento Empresarial. He specializes in the design and implementation of business solutions based on training and talent development projects that are customized for companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Training has become an exceptional way to design and implement profitable solutions for business challenges.<\/p>\n","protected":false},"author":2,"featured_media":3012,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[583],"tags":[],"_links":{"self":[{"href":"https:\/\/idesaa.com\/blog\/wp-json\/wp\/v2\/posts\/3011"}],"collection":[{"href":"https:\/\/idesaa.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/idesaa.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/idesaa.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/idesaa.com\/blog\/wp-json\/wp\/v2\/comments?post=3011"}],"version-history":[{"count":4,"href":"https:\/\/idesaa.com\/blog\/wp-json\/wp\/v2\/posts\/3011\/revisions"}],"predecessor-version":[{"id":3229,"href":"https:\/\/idesaa.com\/blog\/wp-json\/wp\/v2\/posts\/3011\/revisions\/3229"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/idesaa.com\/blog\/wp-json\/wp\/v2\/media\/3012"}],"wp:attachment":[{"href":"https:\/\/idesaa.com\/blog\/wp-json\/wp\/v2\/media?parent=3011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/idesaa.com\/blog\/wp-json\/wp\/v2\/categories?post=3011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/idesaa.com\/blog\/wp-json\/wp\/v2\/tags?post=3011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}