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.
- 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.