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This chapter reports an attempt to replicate significant overseas survey results on the productivity and profitability payoffs to enterprise training using information collected on more than 90 firms in Australia. The research team also undertook three in-depth case studies. The results suggest that: Australian firms provide more training to their incoming employees than their United States (US) counterparts; there exists a positive association in Australia between a firm's profitability and the quantity and quality of training offered by the firm; and there is a positive correlation between training and other forms of investment by Australian firms. The results overall are suggestive of a positive impact of Australian firms' investments in training and their own productivity and profitability.