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Therefore, companies spend billions of dollars each year on employee training. It is estimated that annual training costs incurred by many organizations today surpass $200 billion mark. These costs cover all types of training – formal as well as informal, on-the-job training. With this kind of high investments in their employees, it comes as no surprise that companies are curious to know if they realize full return on their investments, what kind of return they really realize, and what are the opportunity costs. After all, in this highly competitive market, companies have to think twice about every dollar they spend based on the return they get...
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