Returns on Investment in Training. Research at a Glance.

Institution	National Centre for Vocational Education Research, Leabrook (Australia).
Titel	Returns on Investment in Training. Research at a Glance.
Quelle	(2001), (14 Seiten)Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; Monographie
ISBN	0-87397-775-0
Schlagwörter	Adult Education; Corporate Education; Developed Nations; Educational Economics; Efficiency; Evaluation Methods; Foreign Countries; Human Resources; Industrial Training; Inplant Programs; Job Training; Labor Force Development; Management Development; Matched Groups; Outcomes of Education; Productivity; Program Effectiveness; Vocational Education; Australia + Suchen Sie Ihr Suchwort? Adult; Adults; Education; Adult basic education; Adult training; Erwachsenenbildung; Developed countries; Industriestaat; Industrieland; Bildungsökonomie; Effectiveness; Effektivität; Wirkungsgrad; Ausland; Humankapital; Betriebliche Berufsausbildung; Gewerblich-industrielle Ausbildung; Industriebetriebslehre; Betriebliche Weiterbildung; Berufsqualifizierender Bildungsgang; Arbeitskräftebestand; Lernleistung; Schulerfolg; Produktivität; Ausbildung; Berufsbildung; Australien
Abstract	Recent Australian research provides a solid body of evidence that training investments can yield very high levels of returns for firms across a range of sectors. It highlights these important factors about returns on investment (ROI): ROI come in many forms; immediate ROI are highest when training is highly focused; measuring ROI is not always easy; and ROI can be enhanced by human resource policies. A positive association exists between firm profitability and quantity and quality of training offered. Evaluation methodologies include productivity studies, cost-benefit analysis, and measuring workers' reaction to and learning from training, and training's impact on workers' behavior. International productivity-based studies (Bartel 2000) show firms that introduced training over a long period of time performed better than firms that did not. Time series firm-level studies have been successfully applied in the manufacturing industry and service sector; matched plants studies have been successfully used in the manufacturing industry; and matched pairs studies are useful to assess ROI on "soft skills." Moy and McDonald (2000) have identified these factors that enhance ROI: technological change, innovative human resource policies and practices, and supervisory support and involvement. ROI are inhibited in situations when there is no employee incentive to apply learning on the job; outdated, irrelevant, and inappropriate training; and no complementary training for middle and senior managers. (YLB)
Anmerkungen	National Centre for Vocational Education Research, 252 Kensington Road, Leabrook, South Australia 5068, Australia (Cat no. 675: free). Tel: 08 8333 8400; Fax: 08 8331 9211; e-mail: vet_req@ncver.edu.au; Web site: http://www.ncver.edu.au. For full text: http://www.ncver.edu.au/research/core/cp0007aag.pdf.
Erfasst von	ERIC (Education Resources Information Center), Washington, DC