“Measuring Return on Training Dollars Increasingly Possible”

It has been thought that measuring the impact on the bottom-line and establishing return-on-investment for a training programs is near impossible, until now. This article discusses how to create training programs to where the company can reap many benefits from investing in training for employees. Performance problems occur because employees don’t know what they are supposed to do, don’t know how to do it, and don’t know why they should do it. Targeted training can be a solution to all three of these challenges. The first step to training employees is to link the training to business outcomes. It needs to go deeper than identifying performances they wish to get out of employees; people learn from their mistakes, so you have to identify the variances, the mistakes people make. The next step focuses on the mistakes made that are most important to the business meaning how much a mistake costs on average, how often it is made, and how much does it cost to train employees not to make that mistake. This will assist to create a training program that addresses the top-performance issues based on ROI. Many people assume that once employees are trained they are more likely to leave the company but actually the opposite is true. Trained staff is generally happier with their jobs leading to loyalty toward their employers, which will decrease company spending on turnover.

“Transfer Pricing”

Transfer pricing dictates what multinational corporations (MNC) charge for products and services within their global operations. Since more than 60% of international trade takes place within MNC’s, these goods which are effected by transfer pricing constitute a majority of the goods in world trade. As globalization has expanded, transfer pricing has become a more important global economic issue. If two separate companies buy and sell their products on the open global market, they pay or sell for market prices. It is when one company with two different enterprises in different companies where this becomes important because they are not “subject to the full play of