ERIC Number: ED442987
Record Type: Non-Journal
Publication Date: 2000
Reference Count: N/A
Returns to Companies on an Investment in Training.
National Centre for Vocational Education Research, Leabrook (Australia).
This paper provides a summary of four projects currently funded through Australia's National Center for Vocational Education Research (NCVER), including what they propose to achieve and their preliminary findings to date. After an introduction, an overview of preliminary findings from the four projects is presented. The following barriers to gathering data and calculating return on investment (ROI) are listed: commercial secrecy and difficulty of getting firms to participate in studies; lack of data; lack of resources; turnover of people in organizations and changes in organizational structure that make it difficult to gather data and make calculations; and selection of indicators to judge the ROI in training. These preliminary conclusions are made: training seems to increase profitability; training quality and quantity and the external labor market are important variables in profitability; and training should be promoted as a part of business practices or corporate strategy. The next section presents the aim, outcomes, methodology, and preliminary findings of four NCVER research projects named "Enterprise Return on a Training Investment in the Australian Context" undertaken by the University of Melbourne (Leo Maglen, Sonnie Hopkins), UTS Research Centre for Vocational Education and Training (Rod McDonald, Janelle Moy), AustralAsia Economics (Richard Blandy), and Employment and Training Group and Deakin University (Pasquale Sgro, Chris Doucouliagos). (YLB)
Descriptors: Cost Effectiveness, Developed Nations, Educational Research, Foreign Countries, Inplant Programs, Input Output Analysis, Investment, Job Training, Resource Allocation, Staff Development
For full text: http://www.ncver.edu.au/research/papers/downloads/roi.pdf.
Publication Type: Reports - Descriptive
Education Level: N/A
Authoring Institution: National Centre for Vocational Education Research, Leabrook (Australia).
Identifiers - Location: Australia