THE EFFECT OF TRAINING ON THE PERFORMANCE OF SMALL AND MEDUIM SIZED ENTERPRISES (SMEs) IN KANO METROPOLIS
Training benefits both the employee and the organization, a well-trained employees can face current and future challenges in the organization and achieve competitive advantages. Financial performance is linked to metrics such as Return on Investment (ROI), Return on Assets (ROA), Return on Equity (ROE), Return on Sales (ROS), Sales, Market Share and Productivity. Non-financial performance includes workforce turnover, employee absence conflicts, product and service quality, and advancement. Small and Medium Enterprises (SMEs) contribute altogether to a country’s long-term socioeconomic development by increasing GDP, creating jobs, creating wealth, alleviating poverty, building capacity, and improving people's well-being through the provision of goods and services, including education. Specifically, it will show what SMEs had to assess their trainings in terms of persons, tasks, knowledge, skill and abilities. Also, it will show SMEs management the type of training materials, delivery training approach, and the content to facilitate the training programme. This research study examines the effect of training about the financial performance of small and medium-sized enterprises in Kano metropolis. The reason above was poor performance of SMEs in proper bookkeeping, lack of profit, decreased employee productivity, lack of loan repayment, low or absence of return on investment, decreasing sales growth etc. All of these were traced to inadequate training of employees. The study's overarching objective is to assess the impacts of training on the Small and Medium Enterprises (SMEs) performance with in Kano City. The results showed that training needs assessment and training evaluation have a positive and significant impact on the financial performance of SMEs Kano metropolis. Whereas training content has a less or no significant impact on the performance of small and medium-sized enterprises in the Kano metropolitan area. This study suggests that training content needs to be prioritized in order to improve the financial performance of SMEs in Kano metropolitan areas.
SMEs; Financial Performance; Training; Kano Metropolis.