What Is the Value of Your Training and Development?

What Is the Value of Your Training and Development?

“I started in a 7-month rotational program that they had set up for us, starting in the warehouse, learning the job from the very basics, the products we sold and pushing out to our customers. I really learned the business from the ground up,” Kenneth Davis, Account Manager at Irby Electric and a 2021 tED magazine “30 Under 35” award winner recently said on the “DistributED with tED magazine” podcast.

“For me, I looked at it as an opportunity where I can come in, I can grow, I can learn different segments of the business, and I can figure out exactly what is for me and be with a company that had my best interest at heart,” Davis added.

Depending on where you search, you can find a significant number of people saying they left their last job because they did not receive enough training. A 2020 study by BambooHR found 21% of people who left their jobs did so because they did not receive adequate training. Another study by Amdocs that was just completed a few weeks ago said 64% of employees would leave a job due to lack of training and development.

Would you like to know how your talent development practices stack up against other NAED members? The bi-annual Talent Development Benchmarking Survey is now available, with NAED’s Benchmarking team asking you to complete a short survey to show you where you stand.

Questions include:

  • How many on-the-job hours per week are employees allowed to take for training?
  • Does your organization plan to implement an annual requirement for the number of training hours within the next 12 months?
  • What do you estimate you spend per employee per year on training?
  • In your experience, how engaged is the leadership/executive team in the development of employees?

The survey consists of questions regarding general HR practices, onboarding, organizational statistics, training requirements, talent development spending, and recruiting.

David Tozi, Regional Sales Director at WESCO and another tED magazine “30 Under 35” award winner, said on the “DistributED with tED magazine” podcast that his training when he started his career is a key part of what made him successful. “The information is limitless, and it bodes very well for somebody who does not need to be intimidated by not having the working knowledge of electrical distribution,” Tozi said on the podcast. “You can step into the industry, get training, and that can prepare you for a successful career.”

All survey participants will receive the final report at no cost. You can click here to take the survey.

Comment on the story

Your email address will not be published.