Calculate The Cost And Benefit Of Training
Www.workforce.com published an article to guide enterprises to calculate the cost and benefits of training.
First, calculate the cost of training. These expenditures include: teacher fees, training design, teaching materials, video tapes and exercise books, rental of equipment and equipment, staff departure time (for training), video conferencing, special computer equipment, administrative affairs (such as student registration), and other related expenses.
Second, determine possible gains. These benefits include: fewer mistakes, lower customer churn rate, less equipment downtime, more revenue, lower employee turnover, lower recruitment costs, higher morale and other related benefits.
Thirdly, calculate the possible benefits.
To calculate the possible benefits, you need to do the following things first.
1, determine the current performance;
2, convert current performance into cash;
3, confirm the changes that training will bring.
4, calculate the benefits that these changes will bring.
5, determine the time needed to achieve these benefits;
6. Confirm the number of employees participating in the training.
7, confirm the benefits of every employee participating in the training.
Finally, compare costs and benefits. The total cost can be obtained by multiplying the cost of training on a single trainee by the total number of trainees. The total income can be obtained by multiplying the income that a single trainee may bring to the total number of trainees, and comparing these two figures.
- Related reading
- Pregnant baby | China Post Convened The 11 Mobilization Meeting To Raise The Proportion Of Small Packages.
- neust fashion | 2019 Macao Clothing Festival - Jewellery Brand Performance
- neust fashion | Macao Fashion Festival 2019:CPTTM Fashion Design And Production 2018/2019 Diploma Course Graduation Performance
- Industry Overview | Speed Up International Layout. In 2018, The Textile Industry Earned More Than 250 Billion Dollars.
- Industry Overview | The International Home Textiles Competition Awards Ceremony Was Successfully Concluded.
- Industry Overview | Longwan Destroyed 5 Old Clothes Sales Dens
- Industry Overview | North Jiangsu Textile Industry Is Taking Off. Hengfeng And Sai Deli Hit 6 Billion 500 Million.
- Industry Overview | China Will Accelerate The "One Belt, One Way" Investment In Textile Industry
- neust fashion | 2019 Cherry Blossom Fashion Show Closing Ceremony And Awards Ceremony Held In Beijing
- Fashion shoes | Nike Air Barrage Mid NFL Exclusive Red, Yellow And Black Color Shoes Officially Unveiled.
- Corporate Culture: Vigilant On The "Unilateral" Culture Of Managers
- Eighteen Laws Of Office White-Collar Workers
- Seven Steps To Deal With Customer Complaints And Ten Key Points Of Action
- How Can A Good Employee Be Jealous?
- Effective Performance Management System: 10 Key Design Principles
- Four Tips For Improving Personal Execution
- The Five Is To Improve The Production Site And Improve Its Efficiency.
- How Can A Layman Make An Expert Earn Money For Himself?
- Notice Of The Ministry Of Finance And The State Administration Of Taxation On The Value Added Tax Policy Of Embedded Software
- Further Strengthening And Standardizing The Management Of Foreign Investment Projects