Industry and employers

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.