IMPACT OF TRAINING AND DEVELOPMENT ON FINANCIAL PERFORMANCE OF SELECTED MANUFACTURING COMPANY
Abstract
This study examines the impact of training and development on the financial performance of organizations, with a focus on the Coca-Cola Company in Ibadan. Training and development are essential aspects of human resource management, designed to enhance employees' skills. knowledge, and overall competence, thereby contributing to organizational success. The research explores the link between investing in employee training and improved financial performance, including factors such as increased productivity, reduced turnover, and innovation. Using both qualitative and quantitative approaches, data are collected through employee surveys and analysis of financial records to evaluate the relationship between training programs and financial outcomes. The findings reveal that effective training initiatives significantly improve employee performance, which directly contributes to key financial indicators such as profit margins, revenue growth, and return on investment (ROI). This research highlights the strategic value of continuous employee development for achieving sustainable financial performance.
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