Training System: Asset or Expense? Financially, an asset is a resource controlled by the company that has a defined value, with the expectation to gain a future benefit. In general, we tend to think assets are hard stuff, such as equipments, buildings or properties, patents and all the rest of materials a company may need to run the business. This is why all these things are tangible, physically visible, and it’s easy to assign a defined value to them.
Invest in your people
The solution and the challenge
Training System: Asset or Expense? In many cases, training is just a cost (sometimes mandatory), and it’s even considered as a potential waste in case employees will leave the company just after, so not a good investment to do anyway (short-term thinking).
- the training method (e.g. TWI is one of the most famous in operational business)
- the Trainer, able to teach how to follow the method and to verify this is used correctly
- the Instructors, expert employees that are qualified to teach and share their knowledge with others
- tracking documents (standard and qualification matrix), to sustain the knowledge and allow the audits
Cost and benefits – the end?
- Labor efficiency and performance increase (due to standardization, not just from “work faster”
- Scrap reduction (again from enhanced standardization and awareness of operators)
- Polyvalence & Rotation: how many operators can effectively work in which workstation, with a dramatic gain in flexibility
- Employees satisfaction: well, this is hard to measure, but employees’ retention could improve as people will feel that the company is taking care of their development.
Andrea Manti is CBDO at Lean Community. He has over 15 years of experience in Lean Management. He is an expert in Lean and Quality Management and has held positions working as a Process Engineer, Customer Quality representative, Quality System Manager (IATF standard), and Continuous Improvement Senior Manager. During his career, Andrea has led the implementation of several Lean/6Sigma projects, TPM workshops, and TWI activities. He is also an expert in the World Class Manufacturing (WCM) program