Cost is one of the reasons many companies don’t provide more employee training, which is a legitimate concern. Costs for virtual and augmented reality training, for example, can add up. Even when training is low-tech, there’s a labor cost involved for the staff conducting the training, as well as the time commitment of the trainees themselves.
But companies that forego training because of cost concerns often miss the concept of training as an investment. Training is an investment, just like any other investment the company might make, although it has an arguably higher return on investment (ROI.)
