The Impact of Training - Oracle University

The Impact of Training

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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.

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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.

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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.

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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."

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