Training in SMEs and its relationship to profitability

O'Regan, Nicholas; Stainer, Lorice; Sims, Martin

Abstract

The continuous development of employee potential is dependent on training at every level to acquire improved skills. While attention has been devoted to its contribution within organisations, there is a dearth of research on its effectiveness within the SME sector. The impact of training on performance and profitability in manufacturing SMEs is investigated. Three training groups are identified and examined in relation to the emphasis placed: employee input on decision making, influence on working practices and creativity on performance objectives. Those who utilise HR professionals seem to perform better than those who invest in training without HR input. © 2010 Inderscience Enterprises Ltd.

• Journal Article Type: Article
• Publication Date: Dec 1, 2010
• Journal: International Journal of Human Resources Development and Management
• Print ISSN: 1465-6612
• Electronic ISSN: 1741-5160
• Publisher: Inderscience
• Peer Reviewed: Not Peer Reviewed
• Volume: 10
• Issue: 2
• Pages: 166-181
• DOI: https://doi.org/10.1504/IJHRDM.2010.031442
• Keywords: employee training, manufacturing industry, SMEs, working practices, employee involvement, profitability
• Public URL: https://uwe-repository.worktribe.com/output/987332
• Publisher URL: http://dx.doi.org/10.1504/IJHRDM.2010.031442