Why Employee Training and Development is Important to Your Small Business


Why Employee Training and Development is Important to Your Small Business

In today’s tough labor market, it is important for businesses to retain employees and mitigate the stress and cost that comes from the long recruiting process.

Research shows that 40 percent of employees who don’t receive necessary training will leave their positions within the first year and 87 percent of millennials cited access to professional development as being a very important factor to their decision to stay or go. With those statistics, it is clear to see why an employee training program is imperative to running a successful business.

In 2018,  $87.6 billion was spent on training expenditures for the U.S. – based corporations. With employee training being a lucrative business, there are plenty of affordable programs that allow for flexibility within your company’s specific roles.

Here at PrimePay, we take our employee training very seriously. So much so that we…

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