5 business-critical things
you miss out on when you don't
invest in your teams' skills
What is the ROI of learning investments?
Many companies don't consider the cost of lost
opportunities—what they pass up by not investing in learning. Here's what procrastination could be costing your company.
PRODUCTIVITY GAINS, INCREASED INNOVATION,
AND A COMPETITIVE EDGE
Connections between companies that create a learning culture that drives innovation and business success are hard to ignore.
PREVENTION OF SYSTEM DOWNTIME
AND COSTLY MISTAKES
And these losses aren't restricted to the tech giants of the world. 82% of companies have experienced unplanned downtime over the past three years, and that unplanned downtime can cost a company as much as $260,000 an hour.
TALENT RETENTION AND REDUCED
ONBOARDING COSTS
Remember Amazon's one hour of downtime during Prime Day 2018?
Amazon lost up to $100 million within just 60 minutes.
Google's five-minute outage in 2013 cost it roughly $545,000.
of employees say they would stay at
a company longer if it invested in
their careers.
The cost to replace a midrange manager is about 20% of their annual salary.
The cost to replace a top executive can be as high as 213% of their salary. So an executive earning $200,000 could cost as much as $426,000 to replace.
ATTRACTING THE INDUSTRY'S TOP PERFORMERS
of tech talent said they joined an organization for the career opportunities it offered
of millennials in IT cite the desire to learn new skills as a top reason for leaving their current job.
of Gen Xers in IT cite the desire to learn new skills as a top reason for leaving their current job.
of tech talent cited learning and education as most important when choosing an employer.
PROTECTION AGAINST SECURITY BREACHES
The global average cost of a data breach is
$3.86 million
After a breach in 2017 that exposed the private information of over 160 million accounts, Equifax spent $700 million tightening its security, and even more on settlements. And Wall Street lowered the company's valuation by $4 billion.
Breach costs for organizations without security automation were 79.3% higher—an average of $6.71 million versus $2.90 million—than for those with fully deployed security.
Organizations that emphasize training are quicker at detecting attacks and more efficient at isolating them. Even a modest investment in security awareness and training has a 72% chance of significantly reducing the business impact of a cyberattack.
The World Economic Forum estimates that by next year, more than half (54%) of employees are going to need significant training, with more than a third of that number (35%) needing at least six months' worth of effort.
The O'Reilly learning platform enables enterprises to immediately drive business outcomes like increased productivity, reduced time-to-market, and iron-clad security systems.
Ready to learn how? Get in touch.
The costs of a security breach—both financially and to customer and shareholder trust—can be astronomical.
Firms that invest in continuous learning
46%
37%
92%
are more likely
to be the first to market
experience
higher productivity
are more likely
to innovate
93%
79%
63%
91%
Nearly
60%
The cost of replacing employees increases with the skill level of the employee.
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