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Unformatted text preview: ingle unit in step one. Easier for hard measures (e.g.
units sold) than soft ones (e.g. cost of one employee absence). 12-06-12 7:50 PM eConcordia - Introduction to Training and Development - Lesso... Step
4 http://www.econcordia.com/courses/training_development/_lib/... Calculate the change in performance.
Eliminate all confounding variables so that the measure reflects a
change in units that is attributable to the training.
Obtain an annual amount.
Industry standard: Total change in the performance data during one
year. Step Determine the annual value.
The annual performance change multiplied by the unit value. Source: J. J. Phillips (1996). How much is training worth? Training & Development, 50(4), 20-24. Slide 8: Utility Analysis
A method to forecast the net financial benefits that result from human resource programs such as
training and development.
Important factors to consider in calculating the utility of training program:
1. Effectiveness (effect size).
2. Standard deviatio...
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- Winter '12