Company training programs: What are they really worth?
Whether its harvesting pearls of management wisdom from the works of William Shakespeare, workshops on building better teams, or an in-depth exploration of the latest application development software, training business is big business at American corporations. But do any companies actually track what comes out of these programs? And, if so, how?
American businesses spent a staggering $125.9 billion on employee learning and development in 2009, according to the American Society of Training & Developments 2010 industry report. While companies track every data point of an advertising campaign, they often ignore the return on investment on their training dollars. Are companies getting