Impacting an industry and the bottom line.
The truth is, we can’t do this without you. Our ability to get this done is dependent upon the industry’s coming together and supporting this initiative. Your investment speaks volumes. It demonstrates your commitment to advancing the industry and to developing its workforce.
The impact this system will have on the industry is hard to quantify, but the impact on a company’s bottom line is not. Based on studies conducted in other industries, standardized craft worker training results in:
- Lower hiring and recruitment costs
- Increased productivity
- Lower absenteeism rates
- Fewer lost time accidents
- Reduced rework and defects
- Increased morale
- Ability to remediate at task level
The numbers tell the story. Results from a recent industry survey suggests positive returns in productivity, turnover costs, absenteeism, injury, rework:
SOURCE: Construction Industry Institute. CII Research Summary 231-1. Construction Industry Training in the United States & Canada (Aug-2007).
Of course, ROI is a major benefit of a formal workforce development system. An increased pipeline of technically skilled workers is another. The modularized industry-driven curricula provides flexibility in each that each task-oriented module can be used for specific task training, remediation, or as part of a larger course of study such as those offered by formal apprenticeship programs, high schools, and community colleges.