A cost-benefit analysis in training could look something like this:
Costs:
1. Training program development: $5000
2. Trainer's fee: $2000
3. Trainee's time (lost productivity): $3000
4. Training materials: $1000
Total cost: $11000
Benefits:
1. Increased productivity: $15000
2. Reduced error rate: $2000
3. Improved customer satisfaction (leading to increased sales): $3000
Total benefits: $20000
Net benefit (Benefits - Costs): $9000
This is a simplified example. In a real-world scenario, you would need to consider many other factors such as the opportunity cost of the trainee's time, the impact on employee morale, and the long-term benefits of the training.
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