Free Training Cost Analysis Statement HR Template

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%)

Recommendations

  • The training program has yielded a positive ROI, indicating its effectiveness.

  • Consider exploring more cost-effective training materials and resources.

  • Continuously monitor and assess the impact of training on sales performance.

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