Analytical view of the relation between training & development and organizational performance

At present, human resources are considered the most valuable corporate resource, which help to achieve corporate objectives. Many employers are aware that only an employee who has the necessary skills and knowledge is a real asset to the company. This leads organizations to implement training & development activities for their staff. The paper deals with train- ing & development as one of the important HRM activities that may affect the performance of the organization. It introduces the results of research conducted in Slovakia, aimed to verify the statistical relationship between training & development and organizational performance, as expressed by financial situation and labor productivity.