cost to develop the training lost production of

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

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... Return on 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: Step 1 Step 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...
View Full Document

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.

Ask a homework question - tutors are online