September 17, 2008

Training Return on Investment

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Akhilesh Gulati


Organizations are increasingly spending more and more resources on employee training. While it might be easy to quantify the benefits of specific job-skills training, at other times it can be rather difficult, especially for supervisory or management training. Yet, the more money an organization spends on training, the greater the concern that these highly skilled people will leave and take their knowledge somewhere else. This results in a loss of knowledge and a poor return on the organization's investment in training. However, research has shown that training actually reduces turnover and absenteeism. Employees will stay where they can grow and develop.
Given the tight economic times and the competitive need to increase the amount of employee training, it is imperative that we understand that training is an investment and not an expense and treat it as such.
Akhilesh Gulati has more than 18 years experience in operations and process improvement, innovation, design and quality management. He is a Six Sigma Master Black Belt and an experienced trainer/leader in Six Sigma, Lean enterprise, reengineering, benchmarking, kaizen, total quality and waste reduction.
Akhilesh holds a M.B.A. fro UCLA, a B.S. in Naval Architecture and Marine Engineering and a M.S. in Marine Systems Management from the University of Michigan, Ann Arbor. He is a Senior Member of ASQ and past chair of Section 702.

Meeting Date :
September 17, 2008

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