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Unformatted text preview: ost production of employees
attending the training, materials, etc...
2. The benefits of the training program (in $)
additional sales, decreased insurance costs related to on-the-job accidents,
more efficient workflow, etc...
Investment = Net Program Benefit
Cost of the Program Training Program Costs Return on Investment Example
Click on the table for training program costs above. For $1 invested into this training
program, the company gains $1.47. More on the Return on Investment of training programs:
Read: Evaluating e-Learning Workbook by William Horton.
Read: ROI: Results Often Immeasurable?.
Check out: Spreadsheet to calculate ROI.
Check out: Online Training ROI Calculator.
Check out: ROI Institute. Slide 7: The Credibility of Estimates
Five steps involved in converting measures to monetary values:
2 4 of 7 Focus on a single unit.
Determine a particular unit of output to target for improvement
(e.g. output, quality, time, employee behaviour).
Determine a value for each unit.
Based on s...
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This note was uploaded on 07/01/2013 for the course EDUC 240 taught by Professor Dr.stevenshaw,dr.patrickdevey during the Winter '12 term at Concordia Canada.
- Winter '12