As we review our people management practices, it's essential to evaluate the return on the money we spend. Last year wespent $1100 on training and development per employee. From our internal research, these expenditures were tied to anincrease of 3.3% in employee productivity, with every 1% productivity gain resulting in a profit per employee increase of$650.What's the return on our investment in last year's training and development investments?RichRich CarterBoard Member, Human Resources | AndrewsCorporation95.0%21.4%104.5%-40.9%Respond

Rate of return is the profit earned on investment as percentage of the investment made initially.

Answered: As we review our people management…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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