Despite Downturn, Don't Cut Back On Employee Training

Despite Downturn, Don’t Cut Back On Employee Training
In this Tuesday, July, 17, 2012 photograph, workers continue their progress in the lecture auditorium at the new Cooper Medical School of Rowan University, as finishing details were still in the works for the schools $139 million building in downtown Camden, N.J. The upstart medical school in one of the nations most impoverished cities aims to do more than simply add to supply of doctors, but to use new training methods to get students interacting with patients immediately in hopes of improving the health of the city. (AP Photo/Mel Evans)
In this Tuesday, July, 17, 2012 photograph, workers continue their progress in the lecture auditorium at the new Cooper Medical School of Rowan University, as finishing details were still in the works for the schools $139 million building in downtown Camden, N.J. The upstart medical school in one of the nations most impoverished cities aims to do more than simply add to supply of doctors, but to use new training methods to get students interacting with patients immediately in hopes of improving the health of the city. (AP Photo/Mel Evans)

Being a small business owner in this economy has been a challenge. As the economy continues to grow at a snail's pace, we are all looking to do more with less to make sure that we survive. So how can you achieve that, and still make a profit, while keeping both your employees and your customers happy?

The first thing most companies do is to reduce spending and one of the first areas that small businesses cut back on is training and employee development. Some may think that cutting training programs is an easy way to save money, but what is it costing you?

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