The importance of training (Edexcel GCSE Business): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
What are the three main areas where training provides significant advantages for businesses?
What are the three main areas where training provides significant advantages for businesses?
Skills, motivation, retention
How do highly skilled staff help businesses gain competitive advantages?
How do highly skilled staff help businesses gain competitive advantages?
Perform tasks more effectively & efficiently
Why are well-trained employees considered valuable assets to organisations?
Why are well-trained employees considered valuable assets to organisations?
More adaptable & take on extra duties
What impact does learning new skills through training have on employees?
What impact does learning new skills through training have on employees?
Confidence grows significantly
By what percentage are motivated employees more productive than less engaged counterparts?
By what percentage are motivated employees more productive than less engaged counterparts?
Up to 13%
How does effective training improve staff retention and save businesses money?
How does effective training improve staff retention and save businesses money?
Less recruiting & keeps knowledge
What can the cost of replacing an employee range from as a percentage of their annual salary?
What can the cost of replacing an employee range from as a percentage of their annual salary?
50% to 200%
Which professions particularly benefit from computer simulation training?
Which professions particularly benefit from computer simulation training?
Pilots and surgeons
What is a key advantage of online courses for employee training?
What is a key advantage of online courses for employee training?
Staff learn at convenient times & places
What challenge can occur when new technology systems are introduced to businesses?
What challenge can occur when new technology systems are introduced to businesses?
Retraining is costly & time-consuming
Why does self-directed learning reduce training costs for businesses?
Why does self-directed learning reduce training costs for businesses?
Employees learn in own time at own pace
What does performance management connect employee targets to?
What does performance management connect employee targets to?
Compensation and reward systems