| Item: | 511 |
| Title: | Does training pay?: Evidence from Australian enterprises |
| Authors: | Richard Blandy, Mike Dockery, Anne Hawke, Elizabeth Webster |
| Publication date: | 11 June 2000 |
| Type: | Research report |
| Themes: | Industry and employers > Investment in training > General |
| Industry and employers > Investment in training > Return on investment |
| ISBN: | 0 87397 663 0 print; 0 87397 664 9 web |
This book reports an attempt to replicate, for Australia, overseas survey results on the payoff to enterprise training. Some of the results are: * Australian firms provide extensive training for their incoming employees and capture nearly all the resulting productivity gains. * The profitability of firms is directly related to the amount and quality of training that they provide. * The profitability of training is particularly high for training that is highly specific, rapidly accomplished and related to the introduction of new technology. * Informal learning is regarded by many businesses as superior to formal classroom training in terms of its impact on profitability and productivity. |
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