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Training Costs
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Training Costs
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Hello,
I am doing some research into what organizations offer for training and development. We currently have a training policy but would like to know if others have a set dollar amount per employe
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Forums » Topic Forums » General Forum » Training Costs
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Training Costs
posted at 12/6/2010 10:20 AM EST
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Posts: 7
First: 9/17/2008 Last: 12/6/2010 |
Hello,
I am doing some research into what organizations offer for training and development. We currently have a training policy but would like to know if others have a set dollar amount per employee that they spend on training and development. Thanks. |
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Training Costs
posted at 12/6/2010 11:30 AM EST
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Posts: 544
First: 9/27/2004 Last: 9/13/2011 |
The ASTD reports this figure. If I remember correctly, it works out to about 3% of the employee's salary so as they go up in salary, the investment in the employee increases. Part of this increase is using more sophisticated learning formats(i.e. executive coaches versus classroom training).
Of course there is more expense up front. Orientations are expensive but only need to be done once. Developing new education is expensive at the beggining but the costs are usually reduced over time. |
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