It can be very difficult to lead a team of employees who have not been taught the skills needed to succeed in a company. So why are CFOs still hesitant about training?
When looking at financial data, the development of human capital is likely to show up as a high cost of time and monetary resources. And while performance reviews may or may not depict an accurate representation of an employee’s effectiveness and productivity within a company, they are still unlikely to show the long-term benefits of employee education.
In effect, the right training methods can have impressive financial results in the long-run. However, determining the most appropriate training programs for a specific company can prove to be a difficult challenge, and some CFOs debate whether financial training for non-finance employees is also a necessity. Most importantly, employees should be trained to develop basic skills, such as communication and decision-making, and also be informed of the goals and functions of the company itself.
While it may take some time to choose the most effective training methods for your company, we recommend that you persevere and even try creative approaches, such as “learning maps” or other virtual tools, to develop your human capital resources. We are confident that this CFO eBook will provide you with helpful advice and insight into diverse training tactics.
Topics in this CFO eBook include:
- Inexpensive training techniques with invaluable results;
- How one company uses a combination of in-class and virtual approaches to successfully train employees;
- The long-term benefits of employee development;
- How to measure employee performance.