If You Don’t Have Time for Training, How Do You Have Time for Turnover?

30/05/2025 9 min

Listen "If You Don’t Have Time for Training, How Do You Have Time for Turnover?"

Episode Synopsis

In this episode, Mike Voories emphasizes the critical importance of training and development in organizations. He argues that neglecting training leads to high turnover rates, decreased morale, and lost productivity. By investing in employee training, businesses can reduce turnover, improve performance, and cultivate a strong company culture. Voories highlights that training is not merely a cost but a strategic investment that yields significant returns, including the development of future leaders and enhanced customer satisfaction.

Takeaways:
- Failing to invest in training is costlier than turnover.
- Training reduces employee turnover and boosts morale.
- Ongoing development keeps employees engaged and loyal.
- A strong training culture fosters trust and collaboration.
- Training improves job performance and customer satisfaction.
- Investing in training develops future leaders from within.
- Training is a strategic investment, not a burden.
- Companies should prioritize training to build strong teams.
- Training helps reinforce core values and mission.
- Make time for training to empower employees.

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