A cost-benefit analysis in training involves comparing the total costs of training (direct and indirect) against the benefits received from that training. Direct costs include the cost of training materials, trainers, and the venue. Indirect costs may include the time employees spend away from their work for training. The benefits of training can be harder to quantify but may include increased productivity, improved quality of work, reduced error rates, and improved employee morale. To conduct a cost-benefit analysis, you would list all the costs and benefits, assign a monetary value to each, and then compare the total costs to the total benefits. If the benefits outweigh the costs, the training could be considered a good investment. If not, you might need to reconsider the training or find ways to reduce the costs or increase the benefits.
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