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Why training is your business

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in Leaders & Managers,Office Management

How many leaders personally ride herd on training? Very few.

Yet, Andy Grove, former president of Intel and now board chairman, says supervising company training is one of the most important tasks any leader can assume.

His argument:
  • The payback is immense. A 12-hour training session can boost a person’s productivity by 1 percent. If that person works 2,000 hours a year, that’s a net gain of 20 productive hours.

    But you can also train 10 people in that same 12-hour session and gain 200 productive hours for the same 12- hour investment. That’s a 1,667 percent return on your time investment.

  • Training your most productive people provides the greatest ROI. Netting a 2 percent boost in the performance of your most effective people is much more important than seeing a 2 percent improvement from marginal performers.
— Adapted from Lessons From the Top, Thomas J. Neff and James M. Citrin, Currency Doubleday.

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