The Institute of the Motor Industry (IMI) has urged Malaysian automotive companies to future-proof their businesses by equipping their workforce with the right skills through training.
New research by the United Kingdom-based IMI breaks the myth that training costs companies money and overwhelmingly demonstrates that there is a clear and significant financial return.
In a statement today, the IMI said research showed that by the end of the third year, a well-recruited apprentice can generate between 150% and 300% of returns on investment (ROI).
Trained apprentices with no experience are able to generate profit within 18 to 24 months and much earlier than previously assumed.
Meanwhile, the study on apprenticeships shows that vocational training can generate up to 300% of ROI.
Another study revealed up to 212% of the ROI to be gained from management training interventions.
The study also highlighted that having managers undergo after-sales dealer network management development programmes can yield up to 118% of ROI for automotive businesses, and IMI accreditation in automotive management, up to 212% of the ROI.
IMI Southeast Asia Matthew Stuart senior manager said: "The IMI’s ROI study clearly demonstrates that management training in all areas will bear fruit for a company’s bottom line.
"Employers must not disregard management training if they wish their managers to reach their maximum potential.
"Both studies clearly show that training is one of the most important areas businesses should focus on, with the biggest possible gains achievable in terms of ensuring a business is competitive and profitable in a challenging market environment."
According to the IMI, the automotive sector is often guilty of promoting people on technical ability, rather than focusing on the skills that are critically important when they become leaders.
Bernama
Wed Jul 02 2014
![Malaysian auto companies urged to invest in training Malaysian auto companies urged to invest in training](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2014-07/51404293246_295x200.jpg)
New research by the United Kingdom-based IMI breaks the myth that training costs companies money and overwhelmingly demonstrates that there is a clear and significant financial return.
![Jokowi rombak Kabinet menjelang peralihan kuasa Jokowi rombak Kabinet menjelang peralihan kuasa](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-08/51724044055_JokowiHariRaya.jpg)
Jokowi rombak Kabinet menjelang peralihan kuasa
Presiden Indonesia Joko Widodo telah mengumumkan rombakan Kabinet dengan melantik tiga menteri baharu dan seorang timbalan menteri di Istana Negara pada Isnin (19 Ogos).
![Sokong Palestin: Himpunan besar-besaran di Chicago menjelang Konvensyen Nasional Demokrat Sokong Palestin: Himpunan besar-besaran di Chicago menjelang Konvensyen Nasional Demokrat](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-08/71724048378_Protest.jpg)
Sokong Palestin: Himpunan besar-besaran di Chicago menjelang Konvensyen Nasional Demokrat
Satu perhimpunan besar-besaran sedang berlangsung di Chicago, Amerika Syarikat (AS) menjelang pembukaan Konvensyen Nasional Demokrat, lapor Sputnik.
![Pelajar kolej maut kereta dipandu adik bertembung lori Pelajar kolej maut kereta dipandu adik bertembung lori](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-08/41724047597_TBkemalangan.jpg)
Pelajar kolej maut kereta dipandu adik bertembung lori
Siasatan awal mendapati kereta terbabit telah hilang kawalan hingga memasuki laluan bertentangan dan bertembung dengan lori.
Ice Storm Russia Expedition 2025, perlu 'go beyond'
Pengembaraan Ice Storm Russia 2025 bukan sesuatu yang mudah lebih lebih lagi apabila ada yang memandang sinis usaha itu. Pengembara Khairil Aslan Ab Rasid berkata untuk jadi pengembara ekstrim khususnya di kawasan beriklim di bawah 50 darjah selsius, perlu lakukan langkah yang melangkaui norma.
Konsep 3P: Ini sebab ekonomi Bumiputera perlu ditransformasi
Konsep 3P - Penyertaan-Pemilikan-Penguasaan perlu menjadi keutamaan dalam kerangka Pelan Transformasi Ekonomi Bumiputera, itu tehas Pengarah MINDA-UKM, Prof Tan Sri Dr Noor Azlan Ghazali.
![Lebih 60.4 peratus bancian pertanian selesai dilaksanakan di Terengganu Lebih 60.4 peratus bancian pertanian selesai dilaksanakan di Terengganu](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-08/51724043084_bancipertanian.jpg)
Lebih 60.4 peratus bancian pertanian selesai dilaksanakan di Terengganu
Sebanyak 60.4 peratus bancian membabitkan isi rumah dan pertubuhan perniagaan yang terbabit dalam aktiviti pertanian di Terengganu telah selesai dibanci Jabatan Perangkaan Malaysia (DOSM).
![Akibat penyiaran haram, syarikat rangkaian restoran nasi kandar bayar pampasan RM221,000 kepada Astro Akibat penyiaran haram, syarikat rangkaian restoran nasi kandar bayar pampasan RM221,000 kepada Astro](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-06/61719308493_TBAstro.jpg)
Akibat penyiaran haram, syarikat rangkaian restoran nasi kandar bayar pampasan RM221,000 kepada Astro
Thaqwa telah menyiarkan siaran Astro di lapan lagi restoran miliknya tanpa kebenaran dengan menggunakan peranti-peranti seperti kad pintar dan dekoder Astro bagi tujuan tersebut.
KDNK lebihi sasaran, cerminan reformasi ekonomi
Ketua Ekonomi Bank Muamalat Malaysia Bhd, Dr Afzanizam Abd Rashid berkata pencapaian KDNK 5.9 peratus bagi suku kedua 2024 merupakan cerminan kepada usaha kerajaan yang sedang melakukan reformasi ekonomi.
Polis siasat insiden letupan di Tel Aviv
Polis Israel sedang menyiasat insiden letupan yang mengorbankan seorang mangsa di Tel Aviv pada Ahad.
Tentera Israel serang bangunan di Nuseirat
Paparan video merakam serangan udara Israel yang berlaku di sebuah bangunan kediaman di Nuseirat, Gaza tular pada Ahad.
![Firma automotif digesa ambil lebih ramai pekerja wanita atau berisiko hilang perniagaan Firma automotif digesa ambil lebih ramai pekerja wanita atau berisiko hilang perniagaan](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2016-06/71465273517_carfactorycar.jpg)
Firma automotif digesa ambil lebih ramai pekerja wanita atau berisiko hilang perniagaan
Kajian yang dijalankan oleh IMI di UK menunjukkan bahawa 96 peratus daripada pemandu wanita mahu melihat lebih ramai wanita dalam bengkel kereta.