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In addition to gaining a competitive edge over competition, employee training also keeps organizations in compliance; increases production; increases customer satisfaction; reduces accidents; and more. Companies that do not invest in training experience skills gaps; a loss of revenue; threat of competition taking their business; delaying new products and services; and more.
Invest in training and reap the benefits. Ongoing training is an investment, but an investment that pays off in multiple ways. CSE Software Inc. Our development team can design and deploy custom software, web applications, mobile apps, simulation and eLearning for any industry. Contact Stacey Burris at 1. Necessary cookies are absolutely essential for the website to function properly.
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Your current staff members are required to work more hours. Morale may suffer. To find a replacement, you spend time screening and interviewing applicants. Once you hire someone, you need to train that person. The cost of staff turnover adds up. That is a hefty price to pay for not training staff. Learning and upgrading employee skills makes business sense. It starts from day one, and becomes successive as your employees grow.
Granted, it may take some time to see a return on your investment, but the long-term gains associated with employee training make a difference. The short-term expense of a training program ensures you keep qualified and productive workers who will help your company succeed.
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The fifth component of your tax rate is the Employment and Training Investment Assessment. Learn more about how TWC and the state of Texas calculate unemployment tax + Deficit Tax Rate (DTR) + Employment and Training Investment Assessment. Employment and training investment assessment (ETA). This is a flat tax of % paid by employers to fund the Skills Development Fund.