From Training Costs to Economic Returns: Evaluating the Financial Performance of Human Capital Investments in the Tourism Sector - Couverture souple
Synopsis
This study assesses the economic return on investment (ROI) of training and human resource development programs in the Albanian tourism industry, a rapidly growing and labor-intensive sector. Based on a structured survey of 100 respondents from 50 tourism enterprises and statistical analyses conducted in SPSS 29, the research evaluates the financial and organizational impacts of training, the degree of formal ROI measurement, and key structural barriers. Results indicate that 61% of enterprises invested in training during the previous 12 months, yet only 28% applied formal financial ROI assessments. Using the Phillips (1996) model, the analysis identifies an average ROI of +63% and a payback period of approximately 8.2 months, confirming training as a high-return investment. Training also yielded positive non-financial outcomes, including higher employee satisfaction (+21%), lower staff turnover (–13%), improved service quality (64%), and increased customer satisfaction (61%). Correlation analysis (r = 0.68, p < 0> Despite these benefits, enterprises face persistent challenges, including budget constraints, limited staff time, low motivation, and a shortage of qualified trainers, compounded by weak analytical capacity and non-standardized evaluation tools. The study concludes that while training generates substantial value, its full ROI potential remains underexploited. It recommends institutionalizing ROI measurement, strengthening strategic human capital investment, expanding digital learning, and reinforcing collaboration with educational institutions to enhance competitiveness and sustainability in the tourism sector.
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From Training Costs to Economic Returns: Evaluating the Financial Performance of Human Capital Investments in the Tourism Sector
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From Training Costs to Economic Returns
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From Training Costs to Economic Returns: Evaluating the Financial Performance of Human Capital Investments in the Tourism Sector
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Paperback. Etat : new. Paperback. This study assesses the economic return on investment (ROI) of training and human resource development programs in the Albanian tourism industry, a rapidly growing and labor-intensive sector. Based on a structured survey of 100 respondents from 50 tourism enterprises and statistical analyses conducted in SPSS 29, the research evaluates the financial and organizational impacts of training, the degree of formal ROI measurement, and key structural barriers. Results indicate that 61% of enterprises invested in training during the previous 12 months, yet only 28% applied formal financial ROI assessments. Using the Phillips (1996) model, the analysis identifies an average ROI of +63% and a payback period of approximately 8.2 months, confirming training as a high-return investment. Training also yielded positive non-financial outcomes, including higher employee satisfaction (+21%), lower staff turnover (-13%), improved service quality (64%), and increased customer satisfaction (61%). Correlation analysis (r = 0.68, p Despite these benefits, enterprises face persistent challenges, including budget constraints, limited staff time, low motivation, and a shortage of qualified trainers, compounded by weak analytical capacity and non-standardized evaluation tools. The study concludes that while training generates substantial value, its full ROI potential remains underexploited. It recommends institutionalizing ROI measurement, strengthening strategic human capital investment, expanding digital learning, and reinforcing collaboration with educational institutions to enhance competitiveness and sustainability in the tourism sector. This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability. N° de réf. du vendeur 9789999335454
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From Training Costs to Economic Returns | Evaluating the Financial Performance of Human Capital Investments in the Tourism Sector
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Taschenbuch. Etat : Neu. From Training Costs to Economic Returns | Evaluating the Financial Performance of Human Capital Investments in the Tourism Sector | Irsida Dinoshi | Taschenbuch | Englisch | 2026 | Eliva Press | EAN 9789999335454 | Verantwortliche Person für die EU: Libri GmbH, Europaallee 1, 36244 Bad Hersfeld, gpsr[at]libri[dot]de | Anbieter: preigu Print on Demand. N° de réf. du vendeur 134574353
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From Training Costs to Economic Returns : Evaluating the Financial Performance of Human Capital Investments in the Tourism Sector
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Taschenbuch. Etat : Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - This study assesses the economic return on investment (ROI) of training and human resource development programs in the Albanian tourism industry, a rapidly growing and labor-intensive sector. Based on a structured survey of 100 respondents from 50 tourism enterprises and statistical analyses conducted in SPSS 29, the research evaluates the financial and organizational impacts of training, the degree of formal ROI measurement, and key structural barriers.Results indicate that 61% of enterprises invested in training during the previous 12 months, yet only 28% applied formal financial ROI assessments. Using the Phillips (1996) model, the analysis identifies an average ROI of +63% and a payback period of approximately 8.2 months, confirming training as a high-return investment. Training also yielded positive non-financial outcomes, including higher employee satisfaction (+21%), lower staff turnover (-13%), improved service quality (64%), and increased customer satisfaction (61%). Correlation analysis (r = 0.68, p Despite these benefits, enterprises face persistent challenges, including budget constraints, limited staff time, low motivation, and a shortage of qualified trainers, compounded by weak analytical capacity and non-standardized evaluation tools. The study concludes that while training generates substantial value, its full ROI potential remains underexploited. It recommends institutionalizing ROI measurement, strengthening strategic human capital investment, expanding digital learning, and reinforcing collaboration with educational institutions to enhance competitiveness and sustainability in the tourism sector. N° de réf. du vendeur 9789999335454
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