Assume you are the Human Resource Manager for a large organization. Employees have filed a number of complaints and grievances with your office over the lack of training and development opportunities within your organization, yet senior management is refusing to devote funding to training and development because (a) they are committing those monies to product research and development and (b) the high turnover in staff has made them wary of throwing "good money after bad" by spending money for training and development, specifically when employees have left the organization after they have been trained. In an Executive Summary, write to senior management and address all of the following questions: Detail the value of employee training and development in a typical organization. Present the "return on investment" to senior management on training and developing organizational employees. Use data/statistics to support your points, which highlight the economic value of employee training and development. Given the short tenure of employees at this (and other) organizations, discuss why training and development can still be beneficial to the organization. Finally, present 2-3 training/development topics/classes that would show the greatest return on investment for employees and the organization alike, and why these (at a minimum) should be funded by the organization.

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Executive Summary Subject Importance and Return on Investment of Employee Training and Development Dear Senior Management I am writing to address the concerns raised regarding the lack of funding for ... View the full answer