1. The Benefits of Training Can training makes companies competitive and more profitable?
Stuart Wasilowski
Vice President, Corporate and Continuing Education
South Piedmont Community College

2. To build a competitive workforce training should include:
Understanding the global economy
Understanding and managing diverse work teams (many cultures)
Regulatory issues related to specific industry
International shipping and logistics
Management of 3rd party suppliers
Understanding of data privacy

3. What are the skills for the global economy?
Basic Skills - reading, writing, math
Technical Skills - computers, information systems, manufacturing technologies
Organizational Skills - communication, analytical, problem-solving, creative thinking, negotiate, influence, self-manage
Company Specific Skills - adjusting to market demand/condition will require continuous improvement
Source: 21st Century Skills for 21st Century Jobs. Lisa Stuart/Emily Dahm
The National Center on the Educational Quality of the Workforce Study

4. What are key elements of 21st Century learning?
Emphasize Core Skills - reading, writing, math
Emphasize Learning Skills –
Information/communication skills
Thinking and Problem solving skills
Interpersonal and self-directional skills
Use 21st Century Tools – to develop the skills
Teach in 21 Century Context – real world examples, applications and experiences
Teach in 21 Century Content – global awareness business, economic and civic literacy
Use 21st Century Assessment – high-quality testing and timely feedback using technology
Source: Learning for the 21st Century by The Partnership for 21st Century Skills.

5. Benefits of training Increased productivity Improved ROP
Improved local economy with
higher employment and income
Community of choice for new employers/site selection committee
Increased employee loyalty

6. Benefit: Training Increases Productivity
“One study found that establishments whose workforce had a 10 percent higher than average educational attainment level had an 8.6% higher than average productivity level“
"In comparison, establishments with a 10 percent higher than average level of capital investment had only a 3.4 percent higher than average payoff from the capital.“
"The study found that these differences were even larger in the non-manufacturing sector"
Source: 21st Century Skills for 21st Century Jobs. Lisa Stuart/Emily Dahm
The National Center on the Educational Quality of the Workforce Study

7. Benefit: Improves ROP – Return on People
Using 3 live portfolios made up of the stock in companies that “spent aggressively on employee development.”
“…organizations that make extraordinary investment in people often enjoy extraordinary performance on a variety of indicators including shareholder return.”
“…each of these three portfolios outperformed the
S & P 500 by 17% to 35% in 2003.”
Source: Harvard Business Review, March 2004 Bassi/McMurrer

8. Benefit: Training Creates Loyalty & Improves Retention
44% of U.S. workers plan to leave their current job within the next five years, according to a survey of 508 full-time workers conducted by Accenture.
27% said they would stay if they received better or more training, but more than half (51 percent) of all respondents said that their employers are not providing training to expand their skills.
Source: HR Magazine, May 2004, Karyn-Siobhan Robinson

9. Benefits of training
Keeping your business competitive locally and globally
Increasing productivity, income, employment, and loyalty
Improved local economy
Your partner in training and education is
South Piedmont Community College
Your business, your college