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Does it even make sense for organizations to train staff these days?

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Staff training is one thing that companies used to undertake before now. Staff would be trained and the company would handle the costs. Does it even make sense for staff to be trained at company cost given that loyalty of staff to organizations is very low now?

It is either they leave with the knowledge to start their own or they move to a competitor with better pay.

Should staff still be trained in an organization?
 
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