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Technology Solutions & Employee Training

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WWW.ONCENTER.COM T ECH N O LO GY SO LU T IO N S & EMPLOY EE T R A ININ G 1 Page C ompa nie s, including c onstr uc tion busine s se s, k now the impor ta nc e of inve sting in new automation solutions, but the cr itic al role of e mploye e training to ke e p up with evolving te chnology c a n be lost in the shuf f le. It is vital that wor ke r s re c eive training from the onset of new p rogra ms a nd syste ms. A delay in training a wor ke r e quate s to a n incre a se in the likelihood of e r ror s, a los s of p roduc tivit y a nd—wor se—a dis s atisf ie d e mploye e. Ultimately, the ef fe c t is a ne gative impac t on the bot tom line. Think about this: A 2014 c olumn publishe d by a p romine nt online news we bsite exa mine d the impor ta nc e of wor ke r training. T he c olumn cite s a re por t by HR Maga zine that state s c ompa nie s that inve st at le a st $1,50 0 a nnually in training on e ach e mploye e have a n ave rage of 24 pe rc e nt highe r p rof it ma rgins tha n busine s se s spe nding le s s on training. The national A s sociation for Tale nt D evelopme nt in a sur vey of 2,50 0 c ompa nie s with ex te nsive training for e mploye e s re por te d they ge ne rate d a 6 pe rc e nt incre a se in sha re holde r retur n by raising e mploye e training $ 6 8 0 pe r individual. Simply put, the bigge st ove rall be nef it of training is the positive impac t to the bot tom line. Constr uc tion busine s s owne r s must e nsure that inve stme nt in ope rations include s prope r focus on their wor ke r s—not just the imple me ntation of new p rogra ms a nd te chnology. It is impe rative that c ompa nie s dr ive more value out of their pe ople a nd their inve stme nt in solutions. For exa mple, if c onstr uc tion p rofe s sionals a re using about 3 0 pe rc e nt of their inve stme nt, the pote ntial for p roduc tivit y gain is huge. T hink about what would happe n if c ompa nie s only re c eive d 3 0 pe rc e nt of the value inve ste d in mate - r ials or labor— it would be deva stat- ing to the bot tom line. Training c onstr uc tion e stimator s a nd p roje c t ma nage r s helps eliminate hidde n wa ste by get ting more out of money that is alre ady of f the books. If c ompa nie s wa nt p roduc tive e m - ploye e s who a re positively impac ting p rof itabilit y, the n the key is to leve r- age a n inte grate d training approach. The Winning Formula: Technology Solutions & Employee Training E m p l o y e e s a t i s f a c t i o n c a n i m p a c t t h e b o t t o m l i n e , s o a n i n t e g r a t e d t r a i n i n g a p p r o a c h c a n b r i n g l o n g - t e r m p o s i t i v e r e s u l t s t o b u s i n e s s e s t h a t c h o o s e t o i n v e s t . From the perspective of the estimator or project manager, fully trained employees are more successful at their job.

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