The Impact of Employability Skills Development on Improving Corporate Financial Performance
Year: 2025
Type: article
Abstract: This research provides an in-depth exploration of the intricate relationship between financial education, job skill development, and corporate financial performance. It delves into how corporations, over the last century, have progressively understood and harnessed the power of workforce education to achieve and sustain financial growth. Historically, the perception of training programs has shifted from being viewed as operational costs to being recognized as strategic investments essential for long-term corporate health. Thestudy begins by examining the early stages of corporate training in the early 20th century, where financial literacy and skill development were largely confined to management roles. It tracks the gradual expansion of these programs to include all employee levels, demonstrating how this shift has been pivotal in driving corporate resilience, especially during periods of economic uncertainty and technological disruption. The research identifies key historical moments when companies leveraged employee education to solve specific business challenges such as improving operational efficiency during the industrial boom, navigating the complexities of financial crises, or adapting to the rapid technological advancements of the digital age. It emphasizes that corporations that invest in continuous learning and development programs not only enhance employee performance but also mitigate financial risks by fostering more informed decision-making at all organizational levels. By exploring case studies, statistical analyses, and qualitative evidence, this research uncovers the specific mechanisms by which financially educated and highly skilled employees contribute to corporate financial success.
Authors: Ghanem M. Elsayed, Frances Yahia, Kaye-Ann Irving, Anne Wade, Lasondrick Bridges
Institution: Charisma University
Language: English
Subfield: Applied Psychology
Field: Psychology
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4409706509