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38 Expressed in numbers, this means that an increase in the human capital investments of one percent results in an increase in productivity of 0.7 percent.1 Each euro invested in occupational training and development increases the added value by € 3.60.2 Investments in human capital therefore have a stronger effect on the creation of added value than investments in real capital.3 A total of around € 4 million was spent in 2015 on training and development measures for all employees of the RZB Group in Austria. The average expenditure per employee amounted to € 921. This value is about 117 percent above the average occupational development costs in Austria of € 425 (see graph below).4 Because the RZB Group carries out occupational training and development measures on an above-average scale, its contribution to productivity and economic growth in Vienna can be considered above-average as well. Expenses for professional development per employee, 2015 in € per employee 1,000 900 800 700 600 500 400 300 200 100 0 Source: RZB Group, Economica 921 425 RZB Group in Austria Austria total If, instead of the amount of expenditures, one compares the number of training hours spent per employee on occupational development, the value for the RZB Group is 112 percent above the Austrian average: Employees of the RZB Group completed an average of 21.2 hours of training per person in 2015, while the average for businesses overall was only 10 hours (see the graph below). 1 See Helmenstein et al. (2013), p. 18. 2 See Helmenstein et al. (2013), p. 52. 3 Ibid., p. 4. 4 Note: The data for “Austria total” come from the European survey of occupational training (CVTS4) by Statistics Austria and refer to the direct course costs for development measures. They date from the year 2010 and have been adjusted for inflation up to the year 2015.


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