Training and development as a strategy for growth A Siemens case study
Page 6: Conclusion
Training and development helps the growth of a business.
Siemens has a clear focus on having a well-motivated and trained workforce. The company needs to have motivated and confident staff who have up-to-date skills in order to remain competitive. In addition, well-trained staff are an asset to the business and help to retain customers.
Well-trained staff who remain with the business mean that customers enjoy continuity. This contributes to customer loyalty and leads to repeat business.
Staff who feel valued stay longer in a company. This means that Siemens” costs of recruitment can be reduced, resulting in cost savings across the organisation.
Siemens | Training and development as a strategy for growth