Invest in training your employees — 6 ways it will pay off for your business

In a difficult economic climate, the training and education budget is often one of the first areas of the business to suffer cutbacks. After all, training can be expensive, takes people away from the work they’re paid to do and often delivers benefits that can be hard to quantify.

But it’s worth remembering that every business with a payroll in excess of R500 000 pays a Skills Development Levy to the government for each employee and can claim back a portion of that amount in the form of training grants. Why leave that money on the table when you can use it to improve the performance of your workforce?

Image: Guido Gloor Modjib via Flickr