COST EFFECT IMPLICATIONS OF TRAINING AND DEVELOPMENT ON ORGANIZATIONAL PERFORMANCE OF SELECTED CORPORATIONS

Abstract

This research paper investigates the effect of cost implications of Training and Development on organizational performance of selected corporate organizations in Lagos State. The study adopted explanatory research design. The target population for the study is the Staff of the selected organizations. This comprises of 224members of staff from which a sample size of 142 respondents was derived using random sampling technique. Both primary and secondary sources of data were employed. The primary source of data were gotten through administration of questionnaires to the selected HR staff of the concerned entities while secondary data were retrieved from annual reports, related and current journals, articles and textbooks. Quantitative and qualitative data were gathered and the quantitative data was analyzed using SPSS 21.0. Correlation Coefficient was calculated for initial exploration of the relationships between the variables. This helped to indicate the size and direction of the relationship between the independent and dependent variables. The hypothesis tested revealed that training and development have positive impact on organizational performance. It confirmed that cost of Off the-Job training and development of HR influences organizational productivity and efficiency. The findings established a positive correlation between training and development and Organizational Performance. It was therefore recommended that managers of corporate organizations should emphasize on regular and relevant workshop and training for manpower development.