Cost versus Investment

Cost versus Investment

Whether you have just purchased a brand-new motorcar or motorbike, I think most new owners would consider taking their vehicle in for regular service and investment and not a cost.

Why an investment? Spending money on maintenance means less will go wrong with the vehicle in the future. By providing maintenance even if you don’t think is needed now, you discover problems early before they become bigger problems later. Also, by investing in regular maintenance you are taking your asset.

The same applies to learning and development. Personally, I believe that providing training and development for managers and employees should always be seen as an investment in your asset.

Despite the cost of training for employees, the return on investment is immense if it is consistent. If you think about it, the biggest expense in your business is payroll. That’s why investing in learning and development is going to go a long way in protecting your asset – your people.

Post Author: Paul Puckridge