when it comes to the bottom line, the ROI of a robust training program beats the cost savings of training cut-backs hands down. (Photo: Shutterstock)

Smart employers understand all too well the benefits associated with the training and development of company employees. In a nutshell, strengthening employee skills reduces weak links, improves productivity, has a positive impact on innovation and is extremely influential in improving staff morale.

Not so smart employers focus on the cost associated with training and developing employees and can't see beyond that, perceiving it as a drain to the business, not a wise investment.

All too often businesses don't make training and development a priority. But when it comes to the bottom line, the ROI of a robust training program beats the cost savings of training cut-backs hands down.