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Component Manufacturing dverti$er
Don’t Forget! You Saw it in the
Adverti$er
November 2019 #11244 Page #47
Investment in Employee Training, Not Just Equipment
Todd Drummond
I
s your company’s budget only for new equipment, but no formal training for your employees? Any time you think about investing for productivity gains, often the first thing that comes to mind is investing in new equipment. All too often, we think we see the situation clearly and can make the decision regarding a major expense for equipment straightforwardly and while minimizing the risk. Yet I am told much too often, “Todd, we invested in such-and-such and did not get the bump in production we were led to believe would happen. Could you help us get the kind of productivity that we were promised?” Some of you might remember that my last article, “The Vast Majority of Component Plants Have Too Much Lost Productivity,” went into lengthy description about all of the areas of lost productivity. Spending money on expensive equipment is the easy part of the decision equation; investing in training and changing your methods is actually the harder part. Let us look at ROI for all types of training.
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