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lesson 12 educ - eConcordia Introduction to Training and...

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Print Lesson 12: The Costs and Benefits of Training - Study Materials Slide 1: Lesson Topics Check this Out: Return on Investment (slide 2) Costing Training Programs (slide 3) Comparing the Costs of Training Programs (slide 4) Calculating the Benefits of Training Programs (slide 5) Return on Investment (ROI) (slide 6) The Credibility of Estimates (slide 7) Utility Analysis (slide 8) The Credibility of Estimates (slide 9) Supporting the Costing Function (slide 10) Case Incident: Extreme Pita ( slide 11 ) Key Points (slide 12) Slide 2: Check this Out: Return on Investment Calculating Return on Investment Training and Development ROI Watch the video (Length: 03:27) Lynn Johnston, president of the Canadian Society for Training and Development, sat down with Canadian HR Reporter's Angela Scappatura to talk about the return on investment from training initiatives in the workplace. Calculating ROI (using a non training example) – ZDNet at the Whiteboard Watch the video (Length: 04:13) ROI, or Return on Investment, is an analysis tool used to calculate a project's expected benefit in light of its costs. eConcordia - Introduction to Training and Development - Lesso... http://www.econcordia.com/courses/training_development/_lib/... 1 of 7 12-06-12 7:50 PM
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Procter & Gamble- Measuring ROI Watch the video (Length: 03:31) Procter and Gamble (P&G) believes that the closer an individual is to the business, the easier it is to make evaluations; the further away one is, the harder. Slide 3: Costing Training Programs Costing : The process of identifying all the expenditures used in training. Costing Approaches According to stages of the design process needs analysis, program development, delivery and evaluation. According to nature or kind of costs: Five Cost Categories 1. Direct costs Costs that are directly linked to the training program. e.g. trainer salary and benefits, equipment rental, room rental, course materials, food/refreshments, travel. 2. Indirect costs Costs that are incurred to support training activities, but are not directly linked to a particular training program. These are costs that would still exist even if the training was cancelled. e.g. administrative support, trainer preparation and planning, marketing.
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