Evaluating Return on Training and Development
Journal Title: International Journal of Interdisciplinary and Multidisciplinary Studies (IJIMS) - Year 2016, Vol 3, Issue 2
Abstract
Increasing global competition with a strive of organisation to achieve their goals of cost reduction, best performance and high yield etc has led the companies strategically manage their human resource. Training plays a significant role in achieving organizational objectives by keeping in view the interest of employees and organisation (Stone J.R.human resource 2002).Training and development means the employee to perform current or future job. The objective of this paper is to highlight the cost of human resources up gradation in the form of training and development and its related profit to the firm. This paper tries to find out the ways to calculate the return on investment of training and development.
Authors and Affiliations
Sonali Kanchan, Sakshi Varshney
Keywords
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