You are a manager in the HR department at WidgetMaker. It has recently been brought to your attention that many of the workers require more training to accurately perform their jobs.
Using online library resources and the Internet, research the costs and benefits of implementing training programs.
Write a memo to company executives explaining why adequate training is important to the company and how the financial costs can be justified.
Within your memo, address the following:
- Evaluate the costs and benefits to both the company and the employee. How do the benefits justify the costs?
- What factors should the company consider when designing a training program? How should its effectiveness be evaluated?