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This paper lists the processes and key factors involved in obtaining a high benefit from investing in training, and outlines methods of assessing the value of training. The author outlines methods of measuring the success of business developments. The paper concludes with a formula for assessing the cost of training and calculating the return on the investment. The paper is directed towards business employers and key stakeholders.
This paper lists the processes and key factors involved in obtaining a high benefit from investing in training, and outlines ... Show Full Abstract
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Authors: Baker, Jeremy Conference name: Vocational Education Research Forum Date: 2004 Resource type: Conference Subjects: Economics; Skills and knowledge; Outcomes; |
VITAL Object
VOCEDplus is produced by the National Centre for Vocational Education Research (NCVER), which together with TAFE South Australia, is a UNESCO regional Centre of Excellence in technical and vocational education and training (TVET). VOCEDplus receives funding from the Australian Government Department of Education, Employment and Workplace Relations (DEEWR).