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What lack of training means to your organization:
Disengaged employees
40% of employees with poor training leave their jobs within the first year.
Support inefficiency
Non-trained and certified users log 10 times more support incidents than their better invested counterparts.
Long-term costs
Disengaged employees cost organizations between
$450 and
$550 billion annually.
Business downfall
Organizations with neglected learning cultures experience high talent turnover, struggle to keep customers,
and ultimately fall behind competitors.
Train vs. Hire
The benefits of training current employees overcome those of hiring new ones:
Lowering costs
The cost of replacing an employee is
50% to
250% of their annual salary + benefits.
Saving time
The average time it takes to fill a given position is
42 days.
Developing in-house experts
Globally, employers report the highest talent shortage since 2007.
Why Training Matters for Organizations
Highly skilled and motivated staff is what helps organizations stay competitive. Training plays an important role
in that:
Keeping your best employees
7 out of
10 employees say that job-related training and development opportunities directly influence
their decision to stay with a company.
Building pipeline
Companies investing
$1,500 or more per employee per year on training average
24% higher profit margins than companies with lower yearly training investments.
Improving performance
Nearly
4 out of
10 IT professionals say that certification helps them perform complex tasks more confidently.
Creating a culture of learning
68% of workers claim that Training and Development is the most important company policy.
Why Training Matters for Employees
Training provides employees with both personal and professional opportunities:
Expertise
70% of workers view training as essential for developing skills that directly relate to their
role.
Motivation
87% of Millennials claim that professional development and career growth are very important.
Confidence
92% of employers agree that IT certifications help ensure the credibility of IT employees.
Career progression
88% of IT professionals say they would recommend certification to a colleague when discussing
a career or advancement in IT.
"An investment in knowledge pays the best interest."
Contact
Contact Your Oracle University education Sales Representative to learn more.