Title: Evaluation of effectiveness of investments in training by financial and non-financial indicators
Abstract: The article deals with the answer to the following questions: How do businesses ensure results from their training investments? How do they measure the outcome of corporate training programs? In many cases, it is very difficult to measure the financial impact of training events, or it cannot be mea sured at all. But nevertheless, it is necessary to show the business impact or value of training. This article introduces the algorithm of evaluating training impact, using the multidimensional integrated approach to organizational effectiveness. The following should be noted: the impact or value of training programs should be measured; strictly formal quantitative calculation of the return on investment has its limits; the practical guide for measuring the value of training programs has developed in this article helps to show the business impact of learning; one of the significant outcomes of the men tioned steps of the study is uncovering a significant segment of the trainees who never used training (training's leaning points) in the job, and excluding these employees from the future programs is a saving to the organization. The results of the research allows of making conclusions about training needs, as well as about the general situation of Human Resource management in a company.
Publication Year: 2014
Publication Date: 2014-01-01
Language: en
Type: article
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