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Time Managment Training - A Necessary Investment or A Waste of Money?
By: Lorraine Pirihi
Many organisations view time management training as something they`ll spend their money on, only if they have to. Usually when pruning the company or department budget, training is often the first area that gets the chop. And yet can you really afford not to?
Here`s what Dr. Donald Wetmore a Time Management Specialist from the U.S. recently said in the on-line e-zine Activepro...
Training is not a cost it`s an investment
`It really doesn`t matter what we pay for an investment. What`s relevant is what we get in return. One of the best ways to jeopardise an organisation`s future in today`s world and increase the probability of troubled times it to look at training as a cost and pay the price of not training or provide substandard training that operates only as a bandaid for the training requirements.
A person being paid $50,000 per year who is wasting just one hour per day is costing the organisation $6,250 per year. If through one of our Time Management Seminars that person can learn how to recapture just one hour per day, that translates into a payback to the organisation of $6,250 per year!
If there is a group of 25 people, the return to the organisation is $156,250 per year! That doesn`t even include other benefits like profitability, reduced turnover, improved morale, enhanced teamwork, greater creativity etc.)
Over 5 years, the payback is $781,250. What would your organisation invest to achieve that return and payback?
Not so many years ago, training was an option for most organisations. Today it is no longer an option. If any of us continue to do what we do the same way, within five years most of us will become obsolete. Why? Because our competitors are helping their p....[MORE]
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