The cost of employee turnover for businesses is high, regardless of the level of wages being paid to the departing or incoming employees. Typically, companies pay about one-fifth of an employee’s salary to replace that employee.
Iowa New Jobs Training Program was developed to provide funding to meet the wide variety of training and employee development needs for new employees. Funding is generated by the sale of certificates (bonds) allowing companies an opportunity to provide training at no cost to the company. The assistance ranges from highly specialized educational programs to basic skill training for new positions.
Other Job Training programs that the State of Iowa provides can be found: http://iowaeconomicdevelopment.com/WorkforceTraining/employeetraining
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