Some 84% of senior professionals believe that learning and leadership development programmes have improved their business knowledge, competencies and confidence; 83% believe that these programmes are vital to achieving business goals, and 81% say that executive education/ leadership development is more important than ever.
Providing employees with professional development is critical for developing an equipped and effective workforce. Select companies have seen up to a 25% average return on investment after investing in a corporate training program.
Everyone marvels at the employee who can speak five languages, but just how valuable is the skill exactly? Can you measure the ROI of Spanish, for example? As it turns out, you can. According to MIT economist Albert Saiz, there’s a 1.5% premium on returns for Spanish language skills in the U.S., just behind French at 2.3% and German at 3.8%. That means that employees who can speak these languages in addition to English tend to earn a high income. Why might that be?