Training- Business

http://www.management-issues.com/2012/11/1/opinion/training-is-a-profit-center--not-an-expense.asp

This is an article from management-issues.com about training. This article explains how training, while commonly viewed as a valuable activity, is mainly perceived by managers to be an expense rather than a benefit because of their inability to calculate actual returns from the time and money spent on this process. Many profit-focused managers will view training in terms of its opportunity costs, or what is forgone by training employees. This would include the loss of profit that could have been generated had the employee been working rather than training, the expense of the salary that the worker is getting paid to be trained rather than to be working, the financial and physical resources that could be devoted to other revenue-creating activities, etc. This article outlines how managers can attempt to measure the benefit of training and see how it actually helps the company in the long run, although it may seem to be the opposite in the short run.