Recruitment Tips, Employer Trends, and Hiring Insights from CareerBuilder

Talent Factor

Companies Spend More On Coffee Than Training. Wait, What?

careerbuilder talent factorNearly half of U.S. companies spend less than $68 per day on training employees, which means they spend more on coffee than training, according to The Talent Equation.

Anyone who knows me understands that I’m more addicted to caffeine than the average person, but even I think it’s time for companies to get their priorities straight.

The’re no denying the pain felt due to a lack of training in many industries, including health care and sales.

So if you’re still stuck in the “Why do we need to train our employees?” camp, perhaps these three reasons will change your mind. There are so many benefits to providing training opportunities for your employees – such as better product quality, increased loyalty, retention, engagement as well as the overall ability to build a more agile workforce.

As many as 60 percent of job seekers expect to acquire job specific skills on the job, according to recent CareerBuilder’s recent report “The Shocking Truth About the Skills Gap,” but employers are reluctant to offer training. So why not beat your competitors to it by approaching employee training as investment in the future of your company. Everybody wins.

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Deanna Hartley

About Deanna Hartley

Deanna Hartley is a senior copywriter and community manager on the creative services team at CareerBuilder, where she writes about issues that are top of mind for employers and recruiters – including talent acquisition, employee engagement and retention. An avid social media user, Deanna is the face behind @CBforEmployers on Twitter as well as CBforEmployers’ Facebook and Instagram pages, so it’s easy to stay connected with her. Prior to joining CareerBuilder, Deanna was a senior editor for the Human Capital Media Group, publishers of Talent Management, Chief Learning Officer, Diversity Executive and Workforce Management magazines. Deanna holds a master’s degree from Northwestern University’s Medill School of Journalism. She loves caffeine, social media, pop culture and dogs – though not necessarily in that order.

Companies are spending more than $68 PER DAY on coffee?  Wow, those must be some jazzed up folks.

Maggie Mongan
Maggie Mongan

This is unfortunate. It could really be all the difference in an organization's competitive advantage. Business Leaders really need to wake up and smell the coffee on this one :)


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