Evaluation and efficinecy of additional training in Czech companies in the context of financial resources

Abstract

This paper has described the approach to measurement of additional training in Czech companies which have been financed from the European Social Fund (ESF) or from the Labour Bureau (LB) as a part of employee policy. In the context of ESF and additional training subvention is the issue of evaluation and training measurement underestimated in the Czech Republic. The evaluation of additional training and its output as well as the whole educational process is very important aspect of human resources management. Evaluation methods and their impact on efficiency of additional training could be influenced by financial resources. The donors have no methods how to measure economic efficiency of supported project. Moreover, training evaluation is an issue which does not have a simple solution. Still some Czech companies do not take enough interest in systematic evaluation of their training process or they make random or partial evaluation only or even no evaluation at all. Co-financing of additional training has influence on the shape of market and competition and has impact on quality and structure of companies, which offer additional trainings. Also the swing in incoming public resources has the impact on the shape as well as structure and intensity of additional training among Czech companies. Additional training has impact on companies and their profit as well as satisfaction on the market. (see Storej and Westhead: 1997). The paper has described the research which wants to find solution and general methods of additional training evaluation and measurement and compare the impact of investment money resources on the trainings' quality. The main goal of the research is hypothesis verification that the way of financing of additional training from external or internal resources has significant impact on outputs and quality of training process and has also influence to the overall company effectiveness in the category of small and medium size enterprises (SME). The research goal is evaluate and measure whether the additional training financing by own resources is more efficient and generate better company (in category of SME) productivity or not. It will also compare with the training financing from the public subvention from ESF. It can also show if this ESF policy reach the convergence's goals. Particular goal of the research is to find and statistically argue the utility of training in the way of company productivity according to ROI (Return of Investment) criteria in the selected sample of SME which do or do not invest to additional training from own resources or subvention. The result of the research will find the possible method for the donors which shows the efficiency of the subvention to additional training in the Czech Republic. It also will display if the quality of additional training depends on financial resources and whether the subvention has positive influence to the quality of additional training.