The Price of (Not) Providing Employee Training
“Training is not a cost. It’s an investment.”
Research shows that 40% of employees who receive poor training leave their jobs within the first year. The lack of skills training and development are their primary reasons for moving on.
Losing staff is costly
Every year, an average turnover rate of 18% costs organisations with 100 employees around $1 million according to Insync Survey.
Every time a business replaces a salaried role, it costs the company 75% of annual salary for recruitment, selection, induction and training.
To stop the waves of departures from your company, stop looking at training as a cost. It is an investment for your company to grow.
Invest, empower and grow
At The Outsourced Accountant, we value our team members as much as we value our clients. We empower our employees because we know it means empowering our business.
On 10 June 2016, TOA team members joined together for a friendly team building competition to promote a seamless and effective work environment.
Showing off team colours — red, pink, yellow, purple, and green — all five teams were challenged with unique events that tested the best of the best in the areas of collaboration; creativity; communication; performance; and sportsmanship.
As a final celebration, the winning team was awarded and the whole TOA team gathered together to capture the memorable event — the Team Building 2016 carrying the hashtag #TOAtogether.
Watch the video below and witness the fun!