What UPEI has to say about training your employees (Centre for Life-Long Learning):

Why Train? A Note for Employers

Benefits
 
Staff training can be the smartest investment an organization can make. It has many benefits, including:

  • Development of core skills and tools: training means smarter and more effective employees.
  • Keeping up with change: the workplace is changing fast, and training can keep you ahead of the curve.
  • Improved morale and staff retention: investing in your staff demonstrates that you recognize and value them.
  • Motivated, confident, employees: training can inspire, and build the confidence necessary for self-reliance and enterprise.
  • Employee development: these days: employers cannot guarantee employment for life—but they should be able to offer employability for life.

Return on Investment (ROI)

In some situations, it's not an ROI issue, but an issue of Train or Perish. It other cases, it is important to justify the investment of training dollars.

Studies have shown the falsity of the old myth that training people only prepares them to join another employer. The evidence is to the contrary. Calculating the actual ROI remains a complicated business, since issues such as increased staff morale do not immediately show up on balance sheets. Nevertheless, a worldwide study conducted by the Conference Board of Canada showed a definite correlation between levels of training and profitability: those organizations that train more see improvements in their bottom lines. Those that skimp on training, or ignore it altogether, lose both competitiveness and profitabilty.

Source: Centre for Life-Long Learning, University of Prince Edward Island

For more information on training opportunities click UPEI's Centre for Life-Long Learning.

University of Prince Edward
550 University Avenue
Charlottetown, PE Canada C1A 4P3

Prospective Students - Thinking of UPEI?
902.628.4353 or 1.800.606.8734 telephone
902.566.0795 fax
newstudent@upei.ca

Registrar's Office
902.566.0439 telephone
902.566.0795 fax
registrar@upei.ca

Holland College
140 Weymouth Street
Charlottetown, PE  C1A 4Z1

Prospective Students - Thinking of Holland College?
1-800-446-5265 or 902-629-4217 telephone
1-902-629-4239 fax
info@hollandc.pe.ca

Tourism and Culinary Centre (Holland College)
4 Sydney Street
Charlottetown, PE
C1A 1E9
Tel: 1-877-475-2844
or (902) 894-6805
Fax: (902) 894-6801