Impact and Results of Cuts in Training and Development Budgets on Local Small Businesses in Southern MN

Emily Haag, Minnesota State University, Mankato

1st Student's Major

Management

1st Student's College

Business

Students' Professional Biography

My name is Emily Haag. I was born and raised in New Ulm, Minnesota. I am currently going into my senior year of college at Minnesota State University, Mankato. I am looking to achieve a major emphasis in Human Resources Management, and a minor in Financial Planning. I am currently looking at the possibilities of my graduate education, and set to finish my undergraduate courses in May of 2013. After my education, I hope to achieve a position in business administration. I hope to someday lead my own operations, but for now I would like to keep learning. I plan to continue this research in my senior year.

Mentor's Name

Queen Booker

Mentor's Email Address

queen.booker@mnsu.edu

Mentor's Department

Management

Mentor's College

Business

Abstract

This study investigates whether training costs had an impact on small business profitability between 2006 and 2010. The results show that companies that increased or maintained their spending on training between 2006 and 2010 had higher profitability overall as compared to companies that cut or did not invest in training. In fact, companies that continued to invest at the same or higher levels had a net income after taxes of approximately $12,000. The research, however, was limited to companies that employed 100 or fewer people in the southern Minnesota area and therefore are not applicable to other geographic areas.

Recommended Citation

Haag, Emily (2012) "Impact and Results of Cuts in Training and Development Budgets on Local Small Businesses in Southern MN," Journal of Undergraduate Research at Minnesota State University, Mankato: Vol. 12, Article 2.
DOI: https://doi.org/10.56816/2378-6949.1010
Available at: https://cornerstone.lib.mnsu.edu/jur/vol12/iss1/2