Operations Due Diligence: An M&A Guide for Investors and Business

EMPLOYEE TRAINING

Employee training programs ensure that employees are working efficiently and in compliance with established government, industry, and business standards. Unfortunately, training is often conducted in an ad hoc manner and given only as an afterthought or out of sheer necessity. Training needs to be conducted according to a training plan, and the cost of executing the plan needs to be budgeted. What employee training is required, and does the business have an annual training plan?

In some industries, periodic professional training certifications are required. If this is the case, the business needs to maintain a training schedule and track the required training in order to avoid potential fines or other liabilities from loss of ...