Section Fivecompanies in the lower half. When the companies were
compared on the proportion of their workforces receiving
training, the difference in MTB ratios was even larger. While
these results should be regarded as being somewhat
preliminary because of the study’s lack of controls, the results
provide an indication that the performance effects may be
substantial.^89
Training also has been found to have a positive impact on
perceptual measures of organizational performance. The
Delaney and Huselid study cited earlier using data from the
National Organizations Survey also found training to be
significantly related to such measures of performance for both
for-profit and nonprofit organizations. Training was correlated
with performance for the entire sample and for for-profit
organizations.^90
It also can be concluded that the type of training and its
quality can have an impact on the financial and productivity
effects to be realized by firms. In addition, there is probably a
great deal of truth in the assertion that there is greater
likelihood of positive performance effects when training is
integrated into the culture of the firm.^91
A summary of the performance impact of individual
human resource practices is presented in Table 5-1.