---
title: Why to Invest in Training & Development Now | myHR Partner
description: Sharing the top 4 Reasons to Invest in Employee Training & Development Right Now in order to propel your business forward.
---

[Blog ](https://myhrpartnerinc.com/blog)

# [Why to Invest in Training & Development Now | myHR Partner](https://myhrpartnerinc.com/blog/4-reasons-to-invest-in-employee-training-development-right-now)

 Written by [myHR Partner Team](https://myhrpartnerinc.com/blog/author/myhr-partner) | Aug 18, 2021 10:12:30 PM

Hiring can feel like a marathon. Still, for all of the effort a right-fit hire requires, it’s only the first leg of a larger race. Ignore the next leg – on-the-job training and professional development – and you risk returning to the starting line before you’ve had a chance to catch your breath.

Think we’re coming on too strong? Consider this: [LinkedIn’s 2021 Workforce Learning Report](https://learning.linkedin.com/resources/workplace-learning-report) points to ongoing learning as a priority and through-line among professionals and businesses eager to grow and innovate. [Even more, workplace training is consistently shown to improve retention](https://www.forbes.com/sites/meghanbiro/2018/07/23/developing-your-employees-is-the-key-to-retention-here-are-4-smart-ways-to-start/?sh=2c46cf737344). Despite these facts, training and development still, astoundingly, gets lost in the shuffle. In 2020, employers [spent almost 15% *less *on training than they did in 2019](https://pubs.royle.com/publication/?m=20617&i=678873&p=24v) – a step in the wrong direction given [today’s staggering turnover rates](https://www.forbes.com/sites/karadennison/2021/04/27/why-the-2021-turnover-tsunami-is-happening-and-what-business-leaders-can-do-to-prepare/?sh=127a32b4e6d0).

Point is, there’s no time better time than now to invest in [hard skills (specific job-related requirements but also data literacy, software training, communication) and soft skills (business etiquette and health and wellness, for example)](https://info.udemy.com/rs/273-CKQ-053/images/Udemy-2021-Trends-Report.pdf) for your team. Here are four more reasons to invest in meaningful employee training:

1. **Training existing employees is much cheaper than hiring new ones**

The cost of training and developing your people is nominal compared to the cost of losing them. Recruiting and hiring costs businesses, on average, the equivalent of [six to nine months of a position’s annual salary](https://www.huffpost.com/entry/high-turnover-costs-way-more-than-you-think_b_9197238)[[1]](https://myhrpartnerinc.com/blog/4-reasons-to-invest-in-employee-training-development-right-now?hs_amp=true#_ftn1). The more senior the role, the more you’ll spend. According to some studies, businesses invest [*up to 213%* *of a highly specialized role’s* *salary* finding a qualified candidate to fill it](https://www.huffpost.com/entry/high-turnover-costs-way-more-than-you-think_b_9197238). That number only increases in competitive hiring landscapes like today’s.

1. **Trained employees are more productive**

Employee training and career growth opportunities are [consistently shown to boost workforce productivity](https://blog.schoox.com/how-employee-training-boosts-on-the-job-productivity/). This correlation makes sense:  Professionals who know what to do spend less time figuring out how to do it, and professionals who feel valued – and who can envision themselves advancing – are generally more eager to take work seriously in return.

1. **Trained employees work smarter**

Even the most qualified candidate can’t be expected to know your company’s organizational system, value differentiators, unique culture…all of the nuances that make you *you*. The sooner they’re versed in what’s expected and how it’s done, and the more likely they are to hit their mark, work efficiently, and move your objectives forward.

1. **Trained employees feel connected**

A growing number of employees are working remotely some or all of the time, with fewer opportunities to connect with peers in-person. This makes [strong communication skills and a shared vision more vital than ever before](https://trainingindustry.com/articles/remote-learning/5-remote-learning-takeaways-from-covid-19/). By providing training across the board that aligns with brand’s objectives and values, you’re boosting cohesion and camaraderie.

Eager to take your training up a notch but don’t know where to start? [myHR Partner’s online or in-person training](https://myhrpartnerinc.com/what-we-do/services/training/) is fully customizable and designed to do so much more than just check a box – and yes, often improves retention in the process. Or set up time to discuss your training needs [**here.**](https://myhrpartnerinc.com/request-a-consultation/)

[View full post](https://myhrpartnerinc.com/blog/4-reasons-to-invest-in-employee-training-development-right-now)

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