(PRWEB UK) 13 May 2014
A new study from the IMI has revealed some very encouraging results on the value of management training for businesses that invest in learning and development for their employees. In the sector, the study found that there was a return on investment of up to 212%, also finding an increase in confidence, ability, knowledge, skills and conceptual and analytical abilities among staff who undertook training.
Steve Nash, IMI chief executive, said: “The IMI’s ROI study clearly demonstrates that management training in all areas will bear fruit for a company’s bottom line. In this sector we are often guilty of promoting people on technical ability rather than focusing on the skills that become critically important when they become leaders. In fact shockingly, we find that managers are the least trained group of people in the automotive sector; a fact that has clear implications for the efficiency and profitability of a business.
“This study shows that management training may be one of the most important areas businesses should focus on; with the biggest possible gains achievable in terms of ensuring a business is competitive and profitable in a challenging market environment.”
ILX, a leading provider of project management training courses, has found a connection between these findings and the benefits of their own training for project managers. A spokesperson for the company said:
“There’s no doubt that training and education for employees is an incredibly important ingredient for success, and project management training through courses such as PRINCE2 from ILX can help project management professionals to optimise their knowledge and talent to drive success and improve the performance of the organisation in question. With the results speaking for themselves in terms of return on investment, we believe more companies should consider training for their employees.”
ILX is a leading global provider of Best Practice learning solutions and consulting services and is a market leader in PRINCE2 training. Operating across 100 countries, they have delivered learning solutions to corporate, public, and consumer audiences for over 25 years. They have trained over 100,000 learners in more than 5,000 organisations across their virtual and online learning programmes, as well as in classroom environments.
PRINCE2® is a registered trade mark of AXELOS Limited.