The Value of Training
Motorola calculates that for every $1 spent on training, there is a $30 productivity gain within three years - Ronald Henkoff, "Companies That Train Best," Fortune (March 22,1993).
A study by the National Center on Educational Quality of the Workforce at the University of Pennsylvania found that a dollar invested by a company in education was more than twice as effective in boosting the firm's productivity as a dollar invested in new machinery - Washington Post (December 29, 1996).
Across a variety of business operations, the potential for workforce productivity gains is tremendous. Driving even a 5 percent improvement in productivity can result in substantial bottom-line improvements - Paul Sparta, Workforce Performance Solutions (June 2005).