Question
$5.00 What acceptable methods can be used to s
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- Due on Sep. 23, 2011
- Asked on Sep 20, 2011 at 11:40:54PM
Q:
What acceptable methods can be used to show the costs and benefits of training without collecting statistics and conducting analyses? Explain these methods and their strengths and weaknesses compared to a cost-benefit analysis.
$5.00
acceptable methods
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- Posted on Sep. 22, 2011 at 06:14:18AM
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Preview: ... return on investment for an organization. It establishes what the company earns by developing its employees. While it's easy to measure the costs of designing, developing and delivering training, it's far more difficult to evaluate the effect of training on job performance. Linking training to improved quality, customer satisfaction or cost savings allows an organization to continue to allocate funding for learning and development. To calculate costs and benefits, implement a series of evaluation programs that ensure training initiatives will benefit the whole company.
Significance
Calculating the costs involves adding up the fees charged for designing, developing and conducting training sessions run by the company. Typical costs include the labor associated with assessing student needs, writing learning objectives, developing training materials and producing student guides. Other fees might include facilitator expenses, video or audio production, facilities and rental fees, and accounting for employees' time away from their regular tasks.
Types of Benefits
Listing the potential savings generated involves identify ...
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