An Organization's Economic Return on Training Investment.

Autor/inn/en	Pucel, David J.; Lyau, Nyan-Myau
Titel	An Organization's Economic Return on Training Investment.
Quelle	(1995), (13 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Adult Education; Cost Effectiveness; Foreign Countries; Industrial Training; Manufacturing Industry; Outcomes of Education; Productivity; Program Costs; Taiwan + Suchen Sie Ihr Suchwort? Adult; Adults; Education; Adult basic education; Adult training; Erwachsenenbildung; Kosten-Nutzen-Analyse; Kosten-Nutzen-Denken; Ausland; Betriebliche Berufsausbildung; Gewerblich-industrielle Ausbildung; Industriebetriebslehre; Fertigungswirtschaft; Produzierendes Gewerbe; Lernleistung; Schulerfolg; Produktivität
Abstract	A study examined the relationship between investment in training and labor productivity in a sample of 237 large and medium-size Taiwanese firms producing auto parts. Of the 162 firms (68.4%) that returned usable questionnaires, 142 (59.9%) had training programs and 131 (55.3%) provided full cost data. The data were analyzed by multiple regression to determine the relationship between investment in training and labor productivity at the firm level while controlling for other variables affecting labor productivity. In U.S. dollars, the 131 firms' total training costs in 1992 averaged $79,784 ($31,847 in direct costs and $47,937 in opportunity costs). The number of workers per firm averaged 285, and the firms' per-worker training investment and direct training costs averaged $280 and $112, respectively. The average yearly sales per worker for all the firms reporting training was $91,280. A multiple regression analysis established that, if an average firm had a current value added per worker of approximately $43,040 and an average investment in total training cost per worker of $280, increasing the investment in training per worker by 10% ($28) could yield an increase in value added per worker of $430, provided the increase could occur without any need for compensatory investments in capital or other additional resources. (Contains 18 references.) (MN)
Erfasst von	ERIC (Education Resources Information Center), Washington, DC