Never doubt that IBM’s training is the best business training I’ve ever seen. Recently, IBM published an interesting white paper called “The Value of Training” by consultant David Leaser. It notes that, a company will lose 10 to 30% of its capabilities per year. By year three, an organization has retained only 41% of it original capabilities, dwindling to 24% by year six. Right, that’s the point: it costs more than a better training, if we still do nothing.
When most companies are facing the terrible financial crisis, they cut the budget. Less business trip, less internal expenses, but significantly the staff training should not be ignored.