World-class companies allocate approximately three to five percent of employee paid time to training. Most employees have 2080 hours of paid time a year, so most employees should receive 62 to 104 hours of training a year. This may include large departmental meetings where senior managers share information about the firm and its operations. Remember that the world does not stand still for you or your firm. You must train continuously or you run the risk of falling behind your competitors.
Nothing is more difficult than measuring the effectiveness of training.
In graduate-level classes we use tests, cases and papers to measure students' progress. However, the real test comes some five years later when the manager is able to use all that he or she learned. It is the best method we can find. Imagine the shock if, after five years of completing your graduate- level training, you receive a massive comprehensive test in the mail. It still does not make our current method of testing suitable for measuring our success rate.