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Return on Investment for Human Resources (HR) Function

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Thinking in terms of an HR professional, define ROI, and explain why it is so important to a company in regards to training.

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Solution Summary

The solution provides detailed arguments under three headings.
1. Explain why return on investment is important for the human resources function
2. Explain the concept of return on investment in general and how it can be applied to human resources programs
3. Explain the importance of return on investment in the case of training.

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See the attachment.
Define ROI, and explain why it is so important to a company in regards to training.
I have given few points (numbered 1, 2, 3) and a sample explanation under each point. Using these arguments as guidelines you can further develop the answer to the question.
1. Explain why return on investment is important for the human resources function:
Human resources is predominantly considered a support function and most of its workload and roles cannot be quantifiable. Further, human resources typically do not generate any revenue for a firm and hence management is always apprehensive about investing heavily in human resources programs (Dias, 2006). It ...

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