At present, human resources are considered the most valuable corporate resource, which help to achieve corporate objectives. Many employers are aware that only an em- ployee 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 training & development as one of the important HRM activities that may affect the performance of the organization. It introduces the results of research con- ducted in Slovakia, aimed to verify the statistical relationship between training & devel- opment and organizational performance, as expressed by financial situation and labor productivity.
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