Report Shows Companies that Training Improves Profits

Improving employees’ skills will also improve the bottom line, workforce training experts say.

But how, actually, can that be measured?

In a report Tuesday, the nonprofit Job Opportunity Investment Networttried to do exactly that, going beyond back-of-the-envelope calculations to prove that the approach it advocates is effective.

JOIN director Jennie Sparandara said the point of the study was to show that multi-company industry-sector partnerships are a cost-effective investment of tax or foundation dollars benefiting businesses, employees, and society as a whole through increased tax revenue and decreased demand for public services, such as welfare.

The report, “ROI360: How Workforce Partnership Training Benefits Business, Workers & Community,” provides two case studies on Philadelphia businesses, one a manufacturer, the other, Liberty Resources Inc., a provider of health-care services.

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