cost benefit analysis

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Title: cost benefit analysis

Essay Details:

Subject: Book Reports

Author: David C

Date: October 26, 2011

Level: University

Grade: A

Length: 3 / 656

Essay text:

Training directors and managers can select from a number of different methods for determining a training function's return on investment (ROI). One calculation method that can be used is shown below. 1. Calculate training return. The training evaluation should have produced some payoff measure, such as increased sales, the value of higher productivity, the costs savings of less equipment damage, and so on. 2. Figure training investment. This figure reflects the total costs of conducting training. Add together the following expenses: ? Program expenses. Include expenses for trainees' and trainers' travel, lodging, and food, as well as trainers' salaries and facility rental...

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