| Training increases profitability August 10, 2012 |
Training cannot be viewed as simply a line item expense and the top of the list of things to cut when sales contract. When training cost is viewed as part of a wider formula that includes productivity, waste, turnover and sales growth, there is a direct relationship between an investment in training and an increase in profitability.
Courtesy of Neil Lester founder of FirstOak Hospitality Consulting Inc. Lester is a seasoned restaurant executive with over 30 years experience in the Canadian hospitality industry. As Principal of FirstOak Hospitality Consulting Inc. he is focused on adding value for his clients in the areas of franchising, business planning and cost efficiency. Contact at [email protected] or visit www.firstoakconsulting.com/index.html.
