One of the primary objective of training employees is to make them more productive and resourceful. Every company has a philosophy for training and has set targets which HR will try to achieve. The norm being 5 man days of training in soft skills per employee per year.
Training Calendar - spells out the programs and published once a quarter
Training Budgets - All the expenses incurred are tracked and budgets created for next year Training Evaluation - Effectiveness is measured
Discussion : Training - Cost or Investment While HR feels that the any amount spent on training is for talent development and is sort of investing in the future of the employee - the costs must be treated as Investment. Those in Finance depart and to some extent some HR managers feel that is an amount spent hence it is Expenditure.
What do you think ?
Raghav
