Training Cost Analysis Statement HR
TRAINING COST ANALYSIS STATEMENT
|
Training Program Details |
|
|
Training Program Name |
Sales Training Workshop |
|
Duration of Training |
March 1, 2023 - March 5, 2023 |
|
Target Audience |
Sales Team |
|
Training Provider |
ABC Training Solutions |
Cost Breakdown
|
Expense Category |
Cost ($) |
|
Instructional Costs |
$6,000 |
|
Materials and Resources |
$2,500 |
|
Facility Costs |
$1,200 |
|
Technology Costs |
$800 |
|
Administrative Costs |
$500 |
|
Travel and Accommodation |
$3,000 |
|
Evaluation and Assessment |
$750 |
|
Miscellaneous Costs |
$300 |
|
Total Training Cost |
$14,550 |
Benefits and Outcomes
-
Increased product knowledge
-
Improved sales techniques
-
Enhanced customer service skills
Cost-Benefit Analysis
Total Training Costs: $14,550
Expected/Realized Benefits: $30,000 (Estimated increase in sales revenue)
Return on Investment (ROI): 106.16% (ROI = ($30,000 - $14,550) / $14,550 * 100%)
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Recommendations
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