Employee Training : How much do companies spend on Training ?

Entrepreneurship

“Indian organisations on average spent US $331 per employee on training and development in 2011, according to a study on learning and development trends in India, by the American Society for Training & Development (ASTD) and Harvard Business Publishing (HBP)”

But it is a reality that to grow the business, we need people who will be hired, trained and grow the business with you. However in this current scenario, getting a right person and retain them post technical or skill set training is difficult.

Many manufacturing and trading business have nearly 35% employee churn rates. Even IT companies, who pays better salary compared to other industry, have more than 25% churn rate.

“This leads to a problem where we train a new hired person every six month as the software that you use needs a “Skilled Worker” to operate”

But to hire, attract them to your company and retaining them is difficult.

“Industry experts says that Indian organisations spend more than 2.2% to 3.2% of Payroll expenses on Employee Training, Retraining and Development”

Now you know how much you spend every year.

To use AcTouch.com, we don’t think you need a skilled person to use and enter daily transactions. Whats important is nearly 50% of our customers use the application themselves.

“We are proud that few our business owners are of age 65+ years and still run their business without any additional resources”

To understand more on the “Training Requirements”, if you breakdown the activities of your business, you will find that following functionalities will be used 90% of the time.

  1. Invoicing
  2. Billing
  3. Payment
  4. Receipts
  5. Production reporting (if any)

For these simple activities, why you need a skilled and expensively trained resources?

Time to think differently and go to cloud based solution that saves money and time.

AcTouch – Cloud ERP Solutions.

AcTouch cloud erp Software

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Nityananda Rao, (BE, PGDGM and INSEAD Alumnus), is the CEO of AcTouch Technologies with 20+ years of experience in ERP, Banking and Treasury Solutions. He is a Mechanical engineer who worked on shop-floor with CNC Machines, SP-300 like Injection Moulding machines. He is a authority on ERP and it's features. Prior to starting AcTouch Tech, he worked with Infosys, Misys, Murex etc managing APAC region as profit centre.

1 thought on “Employee Training : How much do companies spend on Training ?”
  • Ball of Foot Pain says:

    Respect to website author, some wonderful
    information.

    February 28, 2017 at 11:42 am
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AUTOMATE YOUR BUSINESS PROCESS WITH ACTOUCH CLOUD ERP AT AN UNBELIEVABLE PRICE
  • Competitive Advantage
  • Improved Process Efficiency
  • Accurate Forecasting
  • Department Collaboration
  • Scalable Resource
  • Integrated Information
  • Cost Savings
  • Streamlined Processes
  • Mobility
  • Customized Reporting
  • Increased Productivity
  • Regulatory Compliance
  • Flexible Systems
  • Customer Service
  • Data Reliability