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Training: Your investment in people development and retention

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The right employee training, development and education, at the right time, provides big payoffs for the employer in increased productivity, knowledge, loyalty, and contribution. Learn the approaches that will guarantee your training brings a return on your investment.

The American Society for Training and Development (ASTD) "estimates that U.S. organizations spend $109.25 billion on employee learning and development annually, with nearly three quarters ($79.75 billion) spent on the internal learning function, and the remainder ($29.50 billion) spent on external services."

Licensing, certification, continuing education, and training to retain and grow skills are becoming increasingly important. According to the State of the Industry Report 2006: The American Society for Training and Development`s Annual Review of Trends in Employer-Provided Training, the amount of employer-provided training is rising. The ASTD annual report "look[s] to exemplary organizations from the ASTD Benchmarking Forum (BMF) and the BEST [training] Award winners to determine how they invest in employee learning and development."

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