Training has a powerful Return on Investment. Sadly, most old school managers, view training as merely an expense. This may be true where training is haphazardly organized without any outcome in mind. Training should have a purpose. Continuing professional development (CPD) is an essential part of every employee’s personal scorecard (PSC). Training to be effective must be tied to the attainment of objectives at the employee’s level.
These personal objectives must be cascaded from and hence aligned to the corporate objectives. Lifelong learning is not a cliché. In a constantly changing world, education is merely one step away from ignorance. Talent development means training and retraining, learning, unlearning, and relearning. This is an iterative double and triple-loop activity. To shortchange this is akin to cutting off your feet because shoes are too expensive! .