THE POSITIVE IMPACT OF EMPLOYEE TRAINING EXPENDITURE ON SKILL DEVELOPMENT IN MSME COMPANIES
DOI:
https://doi.org/10.29121/granthaalayah.v13.i1.2025.6143Keywords:
Positive Impact, Employee Training, Skill Development, MsmeAbstract [English]
Micro, Small, and Medium Enterprises (MSMEs) are vital to the economic development of many countries, providing employment opportunities and fostering innovation. However, the rapid evolution of technology and market demands necessitates continuous skill development among employees. This research paper explores the positive impact of employee training expenditure on skill development within MSME companies. By analyzing various case studies and existing literature, this paper aims to highlight the importance of investing in employee training programs and the subsequent benefits for both employees and organizations.
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References
Association for Talent Development. (2021). The Value of Training: A Study of Training Investment and Business Outcomes.
International Labour Organization. (2020). The Role of MSMEs in Job Creation.
Noe, R. A. (2017). Employee Training and Development. McGraw-Hill Education.
World Bank. (2019). Skills for the Future: the Role of MSMEs.
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Copyright (c) 2025 Dr. Rahul Kharabe, Mrs. Megha S. Hazari
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